Bank of Thailand launches 5 new credit products for 23,000 million baht, the lowest initial interest of 1.75% per annum.
Mr. Chatchai Sirilai Managing Director Government Housing Bank (GHB) revealed that in order to add options to the employees who work regularly. And self-employed With monthly income of more than 25,000 baht or more to have housing for the stability of their own lives and their families more easily under the concept “Be Simple, Make it Simple” Bank of Thailand. The state with a mission to “make Thais have a home” has prepared another 23 billion baht credit framework to create five low-interest loan products in the Business Solution group, in addition to the issuance of 3 low-interest loan products among the income earners. Noi (Social Solution), a credit limit of 70,000 million baht, which was released earlier. Five credit products that are released to provide middle income customers and above. Able to pay in installments with an adjusted installment in the amount corresponding to a ladder income. And write off the principal and interest payments Payment can be made up to 40 years. Special !! Reduce the burden on customers by exemption from loan submission fee of 0.1% of the legal limit With details of all 5 products as follows
1. Yoo Yen Pen Suk Home Loan Project with a credit limit of 4,000 million baht for the purchase of construction, renovation, repair and purchase of equipment or facilities with the objectives as specified by the Bank for housing with renewable energy systems Or a system to help reduce the use of electrical energy or equipment to help reduce heat in the home In order to be an energy-saving housing (ECO House), the initial interest rate of 1st year is 1.75% per year, 2nd year is MRR-3.40% per year, 3rd year is MRR-2.45% per annum, average interest rate for the first 3 years. Equal to 2.73% per year only (Currently, the MRR interest rate is 6.150%) In the case of borrowing 1 million baht, installments start at only 3,600 baht per month, submit a loan application for approval and make a juristic act within December 30, 2021.
2. Home loan project D Plus, a credit limit of 2,000 million baht for customers with a loan amount of 2,500,000 baht or more and buy a home in a housing project that participates in a special project that the bank has created to increase the convenience and speed of loan consideration. For customers such as the Fast Track project, Smart Fast Track project and Regional Fast Track project, etc. The initial interest rate of Year 1 is 1.99% per year. Year 2 is equal to MRR-3.40% per year. Year 3 is equal to MRR-2.45% per year average. The interest rate for the first 3 years is 2.81% per year. In the case of borrowing 2,500,000 baht, installments starting from 10,300 baht per month, submit a loan application from today until June 30, 2021.
3. The home loan project to satisfy the budget of 3,000 million baht for customers who use the service of entrepreneurs who are members of the Thai Home Builders Association. Home Builder Business Association and Build One Group Company Limited to build, add, expand and repair buildings And purchasing equipment or facilities for the benefit of living together with the objectives specified by the bank by Initial interest rate of year 1 is 2.80% per year. 2nd year is MRR-3.05% per year. Third year is MRR-2.65% per year. Average interest rate for first 3 years is 3.13% per year. In case of borrowing 1 million baht, installment payment starts. Starting at only 4,200 baht per month Submitting a loan application from now until June 30, 2021 approves and makes a juristic act within July 30, 2021.
4. All Home home loan project with a credit limit of 6,500 million baht for customers who have the purpose of borrowing for housing. The loan amount is not more than 3 million baht. Year 1 is 3.25% per year. Year 2 equals MRR-2.65% per year. Third year is MRR-2.25% per year. Average interest rate for the first 3 years is 3.55% per year. In case of borrowing 1 million. The installment payment starts at only 4,400 baht per month and the interest rate on the loan is 3 million baht or more. Year 1 is 3.00% per year. Year 2 equals MRR-2.90% per year. Year 3 equals MRR-2.40% per year. Average interest rate. The first 3 years is 3.33% per year. In the case of borrowing 3 million baht, installments start at only 3,500 baht per month Submit a loan application from today until June 30, 2021 approve and make a juristic act within July 30, 2021.
5. Dream Homes by GHB home loan project with a credit limit of 7,500 million baht for customers who do not have installment of home loans with the Bank of Thailand and other financial institutions. Loan to buy, build, build or buy land and build Interest rate, year 1-3 is 3.25% per year. Year 4-5 is 4.15% per year. In case of borrowing 1 million baht, installment payment starts at 3,500 baht per month. Submit loan application from today until June 30, 2021. Legal acts within 30 July 2021
“The design of the Bank’s credit products, which sets the interest rate and annuity in a stepwise manner. It will help customers to pay in installments without experiencing higher installments than their ability to repay in the future or Payment Shock, such as the Yoo Yen Pen Suk Home Loan Project, the 1st year interest rate is 1.75% per annum. Installment of only 3,600 baht per month, 2nd year, interest rate MRR-3.40% per annum, with the bank’s MRR at present at 6.150%, the interest rate in the second year is only 2.75% per year, the payment is 4,400 baht per month and the year 3 Interest rate 3.70% per year, monthly installment of 4,900 baht, which is an increase in installment in line with the borrower’s income. And the amount of the installment is sufficient to cut both the principal and the interest at a reasonable level. This gives customers the opportunity to close the loan account either before or within the time specified under the loan agreement, ”said Chatchai.
All five types of loan products contribute to the business solution lending in 2021 to meet the target of 75,474 million baht from the new loan target total of 215,641 million baht.
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