Government Housing Bank’s special loans fully subscribed in 36 seconds

[snoop1130]

 

The Government Housing Bank’s (GHB) special low interest housing loans, worth 450 million baht in total, were fully subscribed in just 36 seconds, according to the state-run bank.

 

The special loans were offered to the public during the “Golden Minute” held at the 22nd Money Expo from 3pm on Sunday. Borrowers subscribed to the special loan scheme via the GHB ALL mobile application.

 

Keep up to date with all things Thailand - Join our daily ASEAN NOW Thailand Newsletter - Click to subscribe

 

Customers were advised to contact the GHB or its branch offices by June 15th to submit their formal applications for the housing loans and sign loan contracts by July 29th.

 

Full Story: https://www.thaipbsworld.com/government-housing-banks-special-loans-fully-subscribed-in-36-seconds/

 

-- © Copyright Thai PBS 2022-05-17

 

- Cigna offers a range of visa-compliant plans that meet the minimum requirement of medical treatment, including COVID-19, up to THB 3m. For more information on all expat health insurance plans click here.

[RafPinto]

They were all sitting in front of their phones and laptops to grab the opportunity.

[RafPinto]

Are those 50-100 Million Baht houses also financed through those "special" friend loans?

5-7 good friends and the money is gone.

[RichardColeman]

The loans carry a 0.69% interest rate for the first year and an average rate of 2.023% for the first three years.

 

.................and then boom !

 

 

[hotchilli]

[Excel]

I wonder how many people actually got deeper into debt in those 36 seconds ?