Thailand’s Finance Minister Apisak Tantivoravong (pictured) yesterday said he would be instructing the Government Housing Bank (GHB) to provide loans for low-income earners to buy houses.
The lending facility of the state-run bank, which low-income people can buy houses, will offer longer repayment terms and a lower interest rate than those provided by commercial banks, he said.
People who may be denied mortgage finance from commercial banks, and even those who are yet looking for it, will be welcomed to borrow from the GHB, he said.
The Thai government is currently also considering reducing the fee for real estate mortgages and ownership transfer fees, he added, in a bid to boost the property and real estate sector in the kingdom.