On Sep. 26, Thai SSO offered low-interest home loans at 1.59% p.a.
Thai SSO and Government Housing Bank will jointly offer low-interest home loans at 1.59% p.a., aiming to help social security-insured individuals own their own homes.
Follows Thai SSO Dec. 2022 proposed various improvements for insured, #157903.
Loan Program
The total budget allocated is THB 10bn, with a fixed interest rate of 1.59% per annum for the first 5 years, minimum retail rate (MRR)-2% for years 6-8, and MRR-0.5% from year 9 onward; eligible individuals can apply for a loan of up to THB 2mn per person.
To be used for purchase or construction of a residence, including purchase of land.
Effectiveness
Individuals can request certificate of insurance status through SSO Plus app starting from Nov. 1, 2024; program ends on Dec. 30, 2025, or until the budget is fully utilized.
