Cabinet Approves 50-Billion-Baht Housing Loan Program for Low-Income Earners
The Thai Cabinet has approved a 50-billion-baht housing loan program called 'House for Each Person Plus,' offering loans up to 3 million baht repayable over up to 40 years to help low- and middle-income citizens buy or build homes. The scheme will be managed by the Government Housing Bank and placed in a Public Service Account for transparency. Applications will begin after Cabinet approval and continue until the fund is exhausted or the end of 2030.
At a Cabinet meeting on October 14, 2026, Deputy Government Spokesperson Lalida Perisriwatana announced that the government continues to support low- and middle-income citizens in obtaining their own homes. Under the oversight of Deputy Prime Minister and Finance Minister Ekinit Nitithammaprasart, the Ministry of Finance proposed the Government Housing Bank's 'House for Each Person Plus' loan project with a total fund of 50 billion baht. The scheme aims to provide housing loans at interest rates suited to borrowers' repayment capacity and to separate the project's accounts into a Public Service Account (PSA) for clearer management and oversight.
Lalida said the project extends earlier housing support measures, including the 20-billion-baht Happy Home loan and the 50-billion-baht purchase‑construction loan, both of which have been fully drawn. Demand remains high, prompting the government to expand opportunities for citizens to own homes at affordable rates.
Loan details: a maximum of 3 million baht per borrower per collateral, repayment period up to 40 years, covering purchase of land with house or condominium, house construction, land purchase with construction, and housing on state land under set conditions. It also includes loans for residential equipment and facilities per the bank's criteria.
Interest rates will start with special tiers based on borrowers' income groups—those with relaxed income and living‑cost criteria and regular income borrowers—before adjusting to the Government Housing Bank's MRR (minimum lending rate) in the long term. The bank will assess repayment ability throughout the loan term, especially after the promotional rate period, to avoid overburdening borrowers.
The program will open for applications the day after Cabinet approval and run until December 30, 2030, or until the full 50‑billion‑baht limit is lent, with the bank allowed to adjust the timeline as needed. No additional government budget will be requested.
Separating the project into a PSA aims to distinctly separate policy‑driven operations from the bank's commercial activities, aiding supervision, auditing, and performance evaluation. The National Economic and Social Development Council and the Bank of Thailand have commented on risk management, debt‑service assessment, and strict adherence to housing‑loan governance rules.
