GH Bank cuts mortgage rates for Sakon Nakhon flood victims

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GH Bank cuts mortgage rates for Sakon Nakhon flood victims

By The Nation

 

 

The Government Housing Bank has cut the interest rate on mortgages to help people in Sakon Nakhon whose houses were damaged by floods.

 

The bank offers loan wither low interest rate 3 per pent annually for three years then the rate would be between MRR (minimum retail rate) -0.5 to MRR-1 percentage point, Chatchai Sirilai, president of the GH Bank said on Saturday.

 

Currently, MRR is 6.75 per cent per annum. Customers who wanted to fix a damaged house, or build a new one, could apply for the loans.

 

The bank has also cut mortgage rates to zero per cent for three months for existing borrowers. The rate would then be MRR- 2.5 percentage points for the next 4-12 months.

 

Full story: http://www.nationmultimedia.com/detail/breakingnews/30322191

 

 

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