The Government Housing Bank (GHB) has announced a reduction in loan interest rates by 0.100% - 0.350% per year to alleviate the interest expense burden on housing loans for the public. This includes a reduction in the Minimum Retail Rate (MRR) to 6.275% per year and the Minimum Overdraft Rate (MOR) to 6.150% per year, effective from March 27, 2020.

Mr. Chatchai Sirilai, Managing Director of Government Housing Bank (GHB), stated that this move supports the recent policy interest rate cut announced by the Monetary Policy Committee (MPC), which recognizes the increasing impact of the COVID-19 pandemic on the Thai economy. As a state-owned financial institution with the mission of "enabling Thais to own homes," GHB has decided to lower loan interest rates by 0.100% - 0.350% per year.

To reduce the interest expense burden on GHB's customers and support economic recovery, the interest rate for good quality retail customers (MRR) has been reduced by 0.100% per year from 6.375% to 6.275% per year, while the interest rate for good quality corporate customers on overdraft loans (MOR) has been reduced by 0.350% per year from 6.500% to 6.150% per year. The interest rate for good quality corporate customers on term loans (MLR) remains unchanged at 5.875% per year.

This change will take effect from March 27, 2020. GHB's interest rates continue to be the lowest for housing loans in the current financial institution system. For more details or to follow updates from the bank, please visit
www.ghbank.co.th or the Government Housing Bank Facebook Fanpage
and the Customer Relations Center (Call Center) at 0-2645-9000.