GH Bank reduces interest rates on all types of loans by 0.25%, effective from 1 Nov 2024, and freezes deposit interest rates to promote savings for Thais. Mr. Kamolpop Virapala, President of the Government Housing Bank (GHB), revealed that on October 16, 2024, the Monetary Policy Committee (MPC) resolved to reduce the policy interest rate by 0.25% per year from 2.50% per year to 2.25% per year to help alleviate the debt burden of the people without hindering the process of reducing the ratio of household debt to income in the context of a slowdown in credit expansion and the policy interest rate that has been reduced to a level that is still in line with the economic potential. GH Bank, as a state bank with a mission to 'make Thai people have homes,' is ready to help customers reduce their cost of living by reducing interest rates on all types of loans, including the interest rate for prime large customers, term loans (MLR), down to 6.250% per year, and the interest rate for prime large customers, overdraf t loans (MOR), down to 6.400% per year. Meanwhile, the interest rate for prime retail customers (MRR), which was previously reduced by 0.25% per year, will also be reduced this time to 6.545% per year, effective from 1 November 2024 onwards. In terms of deposit interest rates, the GH Bank is ready to hold the interest rate at the same rate for as long as possible to promote savings in the public sector. Customers can inquire for more details at any GH Bank branch nationwide, GH Bank Call Center at 0-2645-9000, or the Government Housing Bank Facebook Fanpage, and follow the bank's news at the Mobile Application: GHB ALL GEN and www.ghbank.co.th . Source: Thai News Agency
