The Home Builder Association is moving forward to assist consumers in building homes with member construction companies. Recently, they signed a memorandum of understanding (MOU) with the Government Housing Bank, aiming to enhance consumer access to special low-interest loan sources.
 
 
           Today (October 9, 2017), the Home Builder Association, represented by President Pichit Arunpalap, announced after signing the MOU with the Government Housing Bank, represented by Managing Director Chatchai Sirilai, that this collaboration aims to establish a business partnership and promote marketing for the home construction loan project, as well as other related special loans for customers (consumers) building homes through member companies of the association.
 
Additionally, both the bank and the association will support advertising and public relations for the products and information through their respective channels.

           Mr. Pichit also stated that while consumers building homes with construction companies may have some savings, a significant number, around 30-40%, still seek loans from banks. The target customer group consists of those genuinely wanting to build homes, already owning land, and having a real need to construct rather than speculating. Therefore, the genuine demand from this group remains strong, supported by financial institutions providing home construction loans.
 
           For the loan amounts consumers are seeking from financial institutions, most are around 2.0-5 million baht (see Chart 1). The monthly income level is between 15,001-40,000 baht, accounting for 32.17%, followed by those earning 40,001-70,000 baht, and the third group earning 70,001-100,000 baht per month (see Chart 2). A deeper look into professions reveals that those wanting to build homes on their land come from various backgrounds, including private company employees, business owners, and government officials/state enterprise employees.
 
 
           “Consumers building homes on their own land have good credit and receive special interest rates and packages. Historical statistics show that this group of customers has no non-performing loans (NPL) compared to those purchasing condominiums, who have faced high loan rejection rates since last year and continuing to the present,” Mr. Pichit stated, emphasizing at the end that home-building customers have relatively stable financial evidence when assessed by financial institutions.
 
Thank you for the information from    www.hba-th.org