The cabinet approved the project. “Million Houses” Phase 3, with a credit limit of 20 billion baht, at a fixed interest rate of 3% for the first 5 years, and can apply for a loan with the Bank of Thailand from today.
Arkhom Termpittayapaisith Mr. The Minister of Finance revealed that on February 21, 2023, the Cabinet approved the state housing loan project. (Million House Project Phase 3) Government Housing Bank (GHB) to encourage people Low income people have their own houses. at a price suitable for the potential of each group of people
especially low income groups who cannot get credit from commercial banks working age group or people starting to start a family including the elderly This is a continuation of the project of one million houses, Phase 2, which already has the full amount of credit applications. There are 22,240 credit approvals, totaling 19,937.46 million baht.
For the million house project Phase 3, there is a project budget of 20,000 million baht, with the Bank of Thailand supporting loans for people who want to get their own houses. At a fixed interest rate of 3% for the first 5 years, the maximum approval limit is 1,500,000 baht per person per collateral. and has a maximum loan period of no more than 40 years
People interested in participating in the project can apply for a loan with the Bank of Thailand from today until December 30, 2025, or until the Bank of Thailand has given full credit according to the project limit.
Regarding the proportion of the number of people who have been approved for a loan under the Baan Lan Lang Phase 2 project, there is a distribution in the range of credit limits, namely 1. Less than 500,000 baht, 11% 2.500,001- 1,000,000 baht, 47% and 3.1,000,001 -1,500,000 baht, 42% of them in Bangkok and its surroundings, 36%, and 64% in regional states, which can be seen that the proportion of lending to low-income people is mainly between the price range. 500,001-1,500,000 baht and in the province area
Mr. added Arkom The Ministry of Finance has given importance and encouraged low income earners to get their own houses at a price that is not high and suitable for their potential under relaxed conditions. The implementation of such projects will lead to an improvement in the quality of life. and the welfare of the project participants to improve
