Thai cabinet approves third phase of home purchase stimulus

The Thai cabinet approved the implementation of the third phase of home purchase stimulus measures. The total loan amount does not exceed 20 billion baht. As a government policy to benefit the people, it is applicable to the purchase of new and second-hand houses. interest rate treatment. The cabinet passed the proposal to implement the third phase of house purchase stimulus measures at its regular meeting on Tuesday, that is, the Housing Bank of Thailand will implement the project in detail, while stipulating that the total amount of mortgage loans should not exceed 20 billion baht. The bank issued a total of 59.8 billion baht in the two phases previously implemented. In addition to newly opened real estate, this round of preferential measures for house purchases also includes the purchase of second-hand houses, but the total amount of loans that can be applied for is capped at 1.5 million baht. Of course, if it is a real estate auctioned by a housing bank, it is also within the scope of the New Deal. As a preferential measure for people to buy houses, the Housing Bank will provide the lender with a fixed interest rate of 3% per annum for the first 5 years, MRR-2% for the 6th and 7th years, and MRR-0.75% for the 8th year to the end of the contract period interest. If you are buying an apartment, in addition to exempting the 1% handling fee, you can also get a 2,300 baht mortgage bond reduction.