Government Housing Bank Offers Assistance to Flood Victims

Strategic Insights -

The Government Housing Bank (GHB) has taken measures to help its customers affected by Typhoon Wipha, which has caused widespread flooding in the northern region of Thailand. As a state financial institution, GHB is providing assistance through two schemes: the 'Loan Project to Help Housing Affected by Disasters' and the 'Measures to Help Victims of Natural Disasters 2025.' These initiatives aim to offer relief to those impacted by the disaster, including reduced installments, lower interest rates, and increased borrowing limits.

Key Takeaways:

  • The GHB has launched two schemes to assist customers affected by Typhoon Wipha: the 'Loan Project to Help Housing Affected by Disasters' and the 'Measures to Help Victims of Natural Disasters 2025.'
  • Current customers can suspend debt payments for 3 months and reduce loan interest rates to 0% per annum for the first 3 months, followed by an interest rate of 2.00% per annum for months 4-12.
  • Current and new customers can borrow up to 2 million baht to repair or rebuild their original house with an interest rate of 0% per annum for months 1-3 and 2.00% per annum for months 4-24.
  • The loan period is 40 years, with installment payments starting at 3,100 baht for a 1 million baht loan, with no collateral appraisal fee and a mortgage registration fee not exceeding 1% of the mortgage amount.
  • Retail customers will pay an interest rate equivalent to MRR-0.50% per year, while welfare customers will pay MRR-1.00% per year.
  • Borrowing to buy equipment or related facilities for the benefit of living will have an interest rate equivalent to MRR.

Statistics:

  • Maximum loan amount per person per collateral: 2 million baht
  • Interest rate for months 4-24: 2.00% per annum
  • Interest rate for year 3: MRR-3.30% per annum (3.195% per annum)
  • Interest rate for year 4: MRR-2.40% per annum (4.095% per annum)
  • Interest rate for year 5 until the end of the contract: MRR (currently the GH Bank's MRR interest rate is 6.495% per year)
  • Minimum installment payment: 3,100 baht
  • Maximum mortgage registration fee: 1% of the mortgage amount
  • Collateral appraisal fee: free
  • MRR (Maintenance Repayment Rate): 6.495% per annum

Sources:

  • Thai News Agency (25 Jul 2025)
  • Government Housing Bank (GHB)