Thailand backs a THB 50bn home-loan programme through GH Bank

Applications opened on 15 October, with an early cutoff possible

Government Housing Bank (GH Bank) is taking applications for Ban Khon La Lang PLUS (บ้านคนละหลัง PLUS) at its branches nationwide. The announced window runs from 15 October 2026 through 30 December 2030, but lending may close earlier if the THB 50 billion programme allocation is exhausted. Cabinet approval establishes the lending facility; it does not mean the entire amount has already been disbursed.

The scheme is intended chiefly to help lower- and middle-income households purchase or build a home. The bank sets a ceiling of THB 3 million per borrower and collateral property, with repayment terms of up to 40 years. Eligible purposes include purchasing a house or condominium, constructing a home, buying land together with construction and certain housing arrangements on state land. Related residential equipment and facilities may also be covered under the bank's conditions. The programme targets homes priced at no more than THB 3 million.

For practical context, see Thailand economy and finance. This development also connects with Thailand extends 60/40 support scheme through November.

The rate depends on how the bank assesses household income

Most of the facility, THB 40 billion, is allocated to applicants assessed under relaxed income and living-cost criteria. They receive a rate of 2.80% a year in years one and two, followed by 3.50% in year three. The remaining THB 10 billion is allocated to applicants meeting the standard income criteria, with a 2.60% rate for the first two years and 3.40% for year three.

Both groups move to 4.00% in years four and five. In years six and seven the rate becomes the bank's minimum retail rate, or MRR, less two percentage points. From year eight, different MRR discounts apply depending on the borrower's category. As MRR can change, the cost of borrowing beyond the initial fixed-rate years is not locked in today.

GH Bank advertises a starting monthly repayment of THB 3,600 per THB 1 million borrowed. That figure illustrates the opening terms and should not be used as a constant payment in a long-term household budget. The bank says its credit assessment will consider borrowers' capacity to repay, particularly once the preferential rates have ended.

The scheme does not establish mortgage eligibility for foreigners

For a Thai household looking at a modestly priced home, the immediate decision is whether the property qualifies and whether the later repayments remain affordable. A 40-year maximum term does not amount to a promise that every applicant will receive that term, or be approved for the full loan ceiling.

Foreign residents and mixed-nationality families should be especially careful about assumptions. The published programme announcements do not establish automatic eligibility for foreign borrowers, and they do not alter Thailand's separate rules on property ownership. Loan approval and legal ownership of the intended property require distinct checks. Likewise, a large new credit facility may support demand in the affordable segment, but it is too early to treat it as evidence of completed sales or higher home prices.