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Property Lending Under Government Housing Bank in Thailand Increases.

Bangkok Post (Bangkok, Thailand)

| March 04, 2003 | COPYRIGHT 2003 Bangkok Post. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Byline: Wichit Chantanusornsiri

Mar. 4--Property lending under the Government Housing Bank has risen by 60 billion baht in the past two years, with healthy prospects for the year ahead, according to bank director-general Charnchai Musignisarkorn.

Deputy finance minister Varathep Ratanakorn and Government Savings Bank (GSB) executives yesterday kicked off the launch of a new housing loan program aimed at low-income groups in Pathum Thani.

The bank will lend up to 300,000 baht to finance new home purchases or construction for people earning as little as 6,000 baht a month. Interest rates in the scheme are fixed at 3.5 percent for the first year, ...

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Source: HighBeam Research, Property Lending Under Government Housing Bank in Thailand Increases.

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