InfoQuest, (February 13, 2020) --The Government Housing Bank (GHB) has announced an annual loan interest rate cut of 0.125 percent to 0.250 percent, according to GHB General Manager Chatchai Sirilai.
Specifically, it will reduce the annual interest rate of term loan (Minimum Loan Rate) for prime large customers to 5.875 percent from 6.000 percent, the annual interest rate for prime retail customers (Minimum Retail Rate) to 6.375 percent from 6.500 percent, and that of overdraft type for prime large customers (Minimum Overdraft Rate) to 6.500 percent from 6.750 percent. The regulations, which will take effect on February 7, 2020, aim to ease the burden of interest payments on the public and bolster economic growth.
These are the lowest rates in the current system of financial institutions for home loans.
Source: InfoQuest, by Saowalak Ouypron/ Rachada, translated by Xinhua Silk Road
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