Bangkok, GH Bank celebrates its 71st anniversary by offering low-interest home loans for the first 6 months at only 0.71% per year. Borrow 1 million baht, starting at 2,400 baht/month. The Government Housing Bank (GHB) celebrates its 71st anniversary by rewarding customers with a promotion of low-interest home loans with a total credit line of 50 billion baht with the 'GHB 71st Anniversary Home Loan' for customers who need a loan to buy, build, extend, repair, and redeem a mortgage from another financial institution. The interest rate for the first 6 months is only 0.71% per year, the 7th to 24th month is 2.71% per year, the 3rd year is 3.71% per year, an average of 2.71% per year for the first 3 years! The maximum repayment period is 40 years. In the case of a loan of 1 million baht, the repayment period starts at only 2,400 baht/month. You can submit a loan application at any bank branch nationwide starting today and complete the transaction by December 30, 2024. Mr. Kamolpop Virapala, Managing Director of the Government Housing Bank (GHB), revealed that on the occasion of the GHB's 71st anniversary on September 24, 2024, the GHB is ready to support the government's policy by creating opportunities for Thais to own their own homes. Therefore, a 50 billion baht credit line has been set up to launch the "GHB 71st Anniversary Home Loan" promotion for customers who need a loan to purchase, construct, extend, repair, and redeem mortgages from other financial institutions. The low interest rate for the first 6 months is only 0.71% per year, the 7th - 24th month is 2.71% per year, the 3rd year is 3.71% per year (the average interest rate for the first 3 years is 2.71%), the 4th year until the end of the contract. In the case of welfare customers, it is equal to MRR-1.00% per year and in the case of retail customers, it is equal to MRR-0.50% per year. In the case of debt repayment, it is equal to MRR (the current MRR interest rate of GH Bank is equal to 6.545% per year). The maximum repayment period is 40 years. In the case of borrowing 1 million baht, the starting repayment is only 2,400 baht/month. 'GHB is proud to be a part in making it possible for Thai people to have homes, especially those with low and middle incomes, and have a better quality of life. On the occasion of GHB's 71st anniversary and entering its 72nd year, GHB is offering a low interest rate loan for the first 6 months at only 0.71%, with a starting installment of only 2,400 baht per month, giving customers a greater chance of owning their own homes,' said Mr. Kamolpop. Source: Thai News Agency