Cabinet approved the 'Baan Khon La Lang PLUS' loan, 50,000 million baht in total, through the Government Housing Bank (GHB). Homes priced up to 3 million baht qualify. Regular-income borrowers get 40,000 million baht... actually: regular-income group gets 10,000 million baht at 2.60% in years 1-2, 3.40% in year 3, 4.00% in years 4-5, then MRR minus 2.00% in years 6-7. Low-to-middle-income group gets 40,000 million baht at 2.80% in years 1-2. Loan term is 3 to 40 years, and borrower age plus term must not exceed 70. Useful for staff housing and for customers who are buying or building homes; check eligibility and the current MRR (6.145%).
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