Happy Life Home Loan is quite successful because customers have already submitted the full credit limit. GH Bank is moving forward with increasing the credit to meet 20 billion baht of Happy Life Home Loan to encourage Thai people to own their homes.
Radklao Inthawong Suwankiri, deputy spokesperson for the Government House said that the Government Housing Bank (GH Bank) offered the first phase of the Happy Life Home Loan of 10 billion baht credit.
The bank encourages Thai people to have their own homes in order to improve the quality of life.
The bank carried out economic stimulus measures through the real estate sector following the policy of Prime Minister Srettha Thavisin.
GHB decided to increase the additional 10 billion credit of Happy Life Home.
The interest rate for the first year is fixed at only 1.95% per year after receiving good responses from customers.
They submitted for loans to meet 10 billion baht of the first phase.
Customers can apply for loans at GHB branches nationwide. Available from today until 28 June 2024 and requirement for conducting contracts within July 31, 2024.
Additional 10 bn of Happy Life Home Loan
Kamonpop Veerapala, managing director of the Government Housing Bank (GH Bank) said that after the bank launched the Happy Life Home Loan in early 2024.
The credit limit is 10 billion baht for the purchase of housing. With a price of 2.5 million baht or more.
Home buyers are eligible for a fixed interest rate in the first year equal to 1.95%.
The second to the third year is 3.50% per year. (average interest rate for the first 3 years is only 2.98%)
In the case of welfare customers, they are eligible for MRR-1.00% per year. While retail customers can enjoy equal to MRR-0.50% per year.
In the case of debt repayment is MRR per year (current GH Bank MRR interest rate is 6.545% per year).
Loan period is up to 40 years while the first year installment, the payment is only 3,500 baht per month.
He said as of May 2, 2024, customers have applied for such loans in the amount of 11.22 billion baht. Exceeding the specified credit limit of 10 billion baht.
It reflects that many customers are interested in the project.
In order to continue the government policy to encourage Thai people. To have their own homes and improve the quality of life of the people.
GH Bank has therefore increased the Happy Life Home Loan. Limit for 2024 from 10 billion baht to 20 billion baht.
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