Bangkok: GH Bank has announced a reduction in its lending interest rates by up to 0.15% per year. This move is aimed at easing the housing burden for customers and stimulating the real estate sector, with the new rates effective from May 14, 2025.
According to Thai News Agency, Mr. Kamolpop Virapala, President of the Government Housing Bank (GHB), highlighted the decision to lower rates following the Monetary Policy Committee’s (MPC) decision to cut the policy interest rate by 0.25%, from 2.00% to 1.75% per year, on April 30, 2025. GHB, a state financial institution under the Ministry of Finance, is committed to its mission of enabling Thai citizens to own homes and is keen to contribute to the growth of the real estate sector while alleviating housing costs for its customers. Consequently, the bank has reduced its maximum loan interest rate by 0.150% per year.
The interest rate for prime large customers with overdraft facilities (MOR) has been reduced by 0.150% per year, now standing at 6.000% per year, down from 6.150%. Additionally, the rate for prime large customers with term loans (MLR) has been decreased by 0.050% per year, from 6.150% to 6.100%. Furthermore, the interest rate for prime retail customers (MRR) has also been lowered by 0.050% per year, now at 6.495%, down from 6.545%. These changes take effect starting May 14, 2025, positioning GH Bank’s current MRR as the lowest among commercial banks and state financial institutions.
GH Bank remains dedicated to supporting all customer groups, particularly focusing on low-income and middle-income earners, as well as vulnerable customers, to enhance their quality of life by facilitating home ownership.