The National Housing Administration has publicly promoted the "low-income housing development project loan" for 65 years, and the interest rate for the first 4 years is only 1.5%, helping low-income people , vulnerable groups
Thailand's National Housing Authority has an important mission to develop housing for low- and middle-income residents throughout Thailand. Since the beginning of the Covid-19 virus outbreak, vulnerable groups in society have been greatly affected. The outbreak is still spreading, especially as the virus transitions to a new wave of the Omicron variant, which has led to a continued increase in the number of infections, which may have a new impact on people's incomes and occupations, and seriously affect families who want to buy a home.
Thailand's National Housing Authority currently offers the Low-Income Housing Development Loan Scheme as an important "financial tool" to help NATIONAL HOUSING Authority customers buy a house. However, if the credit approval of the financial institution is not passed, the loan can be applied for through the above projects, and there will be a mortgage management committee. Thailand's National Housing Authority is considering providing credit to eligible individuals with more comprehensive and comprehensive assistance to low-income and vulnerable groups
"Thaveepong Wichaidit", director general of thailand's National Housing Authority, revealed that the preferential mortgage rate has been considered and approved since the meeting of the Housing Development Loan Management Committee on December 29, 2021.
2022 (January 2022 to September 2022),
Low-income people, years 1-4, interest rate 1.5%, 5-7 years, interest rate 2.5%, 8-40 years, interest rate 3.75%
Vulnerable Groups 1-5 Interest Rate 1.5% 6-7 Year Interest Rate 2.5% Year 8-40 Interest Rate 3.75%
The duration of the contract is 40 years old, and the eligible person is not more than 70 years old, effective from January 1 to September 30, 2022.
Throughout the past, Thailand's National Housing Authority has continuously adjusted the rental standards and conditions of housing development loans for low-income earners. Accurately connect low-income groups and vulnerable groups to solve the problem of poor credit. This includes a special interest rate of only 1.5% for the first 4 years for the average client, and the expansion of the disadvantaged concession to only 1.5% in the first 5 years to reduce the cost burden on low-income and disadvantaged groups, enabling them to have a more accessible housing in the event of the continued spread of COVID-19. The measure is currently of great help to vulnerable groups.
