Government Housing Bank Launches Seven Relief Measures for Flood Victims
The Government Housing Bank launched seven relief measures for flood victims in northern Thailand, including payment holidays, reduced interest rates, and loans up to 2 million baht for home repairs and reconstruction.
The Government Housing Bank (GHB) has introduced seven assistance measures to help flood victims and residents affected by heavy rainfall and flash flooding in Nan Province and the upper northern region. Affected individuals can apply for these measures at GHB branches nationwide starting immediately.
Mahattana Ampornpisit, Managing Director of the Government Housing Bank, stated that the flooding has severely impacted homes, livelihoods, and businesses in the affected areas. As a state financial institution with the mission to provide housing for Thai people, the GHB has launched comprehensive relief and rehabilitation measures under the 2025 Disaster Victim Assistance Program.
Measure 1: For current customers, the GHB offers a one-year payment reduction and interest rate relief, including a three-month payment holiday with 0% interest for the first three months. From months 4-12, the interest rate drops to 2% annually, with monthly installments reduced by 50%. Customers seeking to repair or rebuild their homes can also access repair loans of up to 300,000 baht with repayment periods of up to five years. The first 100,000 baht carries a fixed 1% interest rate for three years, while the next 200,000 baht is charged at 1.99% annually, with no additional mortgage registration required.
Measure 2: For both existing and new customers, the GHB provides loans up to 2 million baht per collateral for home repairs or reconstruction. Interest rates are 0% for months 1-3 with no installment payments required, 2% annually for months 4-24, and declining rates in subsequent years tied to the GHB's Minimum Retail Rate (MRR, currently 6.145% annually). Loans of up to 40 years are available, with a 1 million baht loan requiring only 3,100 baht monthly. Assessment and mortgage registration fees are waived or capped at 1% of the loan amount.
Measure 3: For customers with non-performing loan (NPL) status whose collateral sustained damage, the GHB offers debt restructuring for up to 18 months with 0% interest for the first six months and no payment obligations. From months 7-18, interest is 1% annually with installments covering at least the monthly interest. After the restructuring period, customers return to their original interest rates.
Measure 4: For NPL customers experiencing income loss, the GHB provides debt restructuring for up to one year with 0% interest for the first six months. Monthly payments are reduced to 1,000 baht (applying entirely to principal reduction). From months 7-12, interest rises to 1% annually.
