The Government Housing Bank (GHBank) is implementing the government’s policy of ensuring quality living for senior citizens, with a special mortgage program for those over 50.
GHBank President Chatchai Sirilai revealed that the bank has set aside seven billion baht for the mortgage program for the elderly. Of the budget, three billion baht has been allocated for over-50 citizens wishing to either purchase new homes or renovate their existing homes to better suit senior living. The program will provide interest rates ranging from 0.5 – 4.0 percent.
The remaining four billion baht will go towards housing projects, where at least 40 percent of the homes are dedicated to senior living. Interest rates range from 1.0 – 4.0 percent.
Those interested can apply for the GHBank loans from August 15th to December 30th.
