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The Bank has prepared measures to help low-income people to have a home. Two-generation loans, 70-year installments, 10,000 baht salary, 1 million borrowers, help low-income people to own a home The loan is expected to be presented by the end of the year 63
On September 8, 2020, Chatchai Sirilai, Managing Director of the Government Housing Bank (GHB), revealed that the bank has prepared a credit measure to help low-income people or “Two Gen’s” for a amount of 10 billion baht. Proposed to the new Finance Minister, the Bank of Thailand (BOT) and the Bank’s Board of Directors for approval. It is expected to open for loan filing in late 2020.
Tugen loan principles
Loans in the contract period of 70 years from 30 to 40 normal years to reduce the burden of fees for clients.
Loan submission limit
– If you want to borrow 1 million baht, you must have a net salary of ten thousand baht.
– The monthly payment fee is expected to be 3-4 thousand baht.
– Maximum borrowers 5 million baht, fixed interest for the first 3 years, the lowest rate in the market. But it will not be lower than the current Bank of Oros at 1.99%
It will first consider the income of the primary borrower, such as parents, and then it will consider Joint borrowers who are minors, such as children who are studying for a bachelor’s degree. You must be the beneficiary after the primary borrower retires using this approach will make people with low income Having an easier home
Mr. Chatchai revealed that this measure is an alternative to get a home faster. But you need to understand that the longer the payment Interest burden compared to the principal It will be as high as possible But if the debtor has potential You can restructure the debt To reduce the interest burden You can reduce the installment payment in the future.
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