State-owned GH Bank plans to extend its scheme of low-interest mortgage loans for homes priced at up to 1 million baht during the next two months.
There were 127,000 applicants seeking low-interest mortgage loans when the loan assessment process began yesterday, said Surachai Danaitangtrakun, chairman of GH Bank's board of directors.
The section responsible for the assessment of loan applications has been ordered to take care of every applicant. Applicants found to have a problem obtaining loans will be given advice on financial discipline or loan recommendations by the National Credit Bureau, Mr Surachai said.
The 50-billion-baht housing loan plan is part of the bank's 60-billion-baht allotment for the 1-million-unit low-cost government housing scheme, aimed at letting low-income earners own their own home.
A further 10 billion baht has been earmarked for project financing for property developers to build residential projects, of which at least 40% are to be sold at a price of up to 1 million baht per unit.
Mr Surachai said the Finance Ministry has asked GH Bank to propose additional low-interest mortgage loans for the second and third phases, with the possibility of mortgage loans for those who failed to register for mortgage applications on Dec 23.