Home Business The Treasury of the Cabinet moves forward with 2 million houses with a limit of 20 billion baht for low-income people to have a home. low interest installment

The Treasury of the Cabinet moves forward with 2 million houses with a limit of 20 billion baht for low-income people to have a home. low interest installment

by news dir

The Treasury of the Cabinet moves forward with 2 million houses with a limit of 20 billion baht for low-income people to have a home. Low interest payments of 1.99% for 4 years, repayment up to 40 years.

News reports from the Ministry of Finance revealed that the Ministry of Finance is preparing to propose to the Cabinet (Cabinet) to consider approving the construction of a million houses project, phase 2, the Ministry of Finance. House Low interest payments of 1.99% for 4 years, maximum installments of 40 years to help low-income earners and those who do not have access to commercial bank loans. to be able to have their own home during the COVID crisis It also helps to stimulate purchasing power. and support the real estate business to expand

As for the guidelines for the construction of the Million House Project Phase 2, the objective is to provide loans for low-income people to buy their own homes at a price of not more than 1.2 million baht, either for new homes, second-hand houses, or NPA properties. Covering single houses, twin houses, townhouses, etc., with a low interest rate for the first 4 years, only 1.99% per year, which is cheaper than the first phase of the project that charges 3% interest and the maximum loan term is 40 years, for example, if the loan is full of 1.2 million baht, it will Installment starts at only 5,000 baht per month for up to 7 years, but if the loan is less then the installment will be cheaper. This will allow borrowers to plan long-term repayment. and manage expenses effectively

In addition, in this project, there will be a waiver of loan conditions for those who apply for a loan for this million homes project. by calculating the ability to pay in installments to the borrower in order to have a chance to receive a higher loan amount including self-employed people If there is proof of income can participate in this project Therefore, it is believed that there will be a large number of people interested and applying for credit.

Treasury is expected if The Cabinet approved after GHB will open for reservations at the same time via the GHB ALL application to increase the convenience of not wanting to travel. and reduce congestion, the risk of contracting COVID-19 which after booking the right and having an appointment queue, then gradually bring various evidence along with the code received from the reservation to apply for a loan at BAAC all branches across the country again

Reporters reported that In the past, the Million House Project It has been operated for the first time since 2019, which has received attention from people who want a residence in the price range of 1-1.2 million baht, who come to apply for a lot of loans. In the initial period, the conditions for applying for a home loan must not exceed 1 million baht, but later the GH Bank has proposed to adjust the price of the house that will be applied for a loan to be increased to 1.2 million baht to be in line with the house price situation. and match the ability of the borrower

for the implementation of the first phase of the Million House Project Successful, able to provide loans to help low-income people to have their own residence for more than 40 billion baht by purchasing land and buildings. or a suite to build a building or to buy land and build buildings as well as to purchase equipment or related facilities for the benefit of living with the purpose of purchasing land and buildings or a suite

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