Government Housing Bank adds two further Covid-relief measures

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The Government Housing Bank (GHB) granted two additional measures Friday to help customers amid the latest Covid-19 crisis.

GHB’s board of directors has agreed to introduce more campaigns to alleviate customers in groups affected by the current outbreak following the Finance Ministry’s guidance to ease debt repayment burdens, said the GHB president Chatchai Sirilai.

Under the first one, or Measure No.13, borrowers with normal status will get debt repayment deferral and pay only monthly interest for three months, starting from May to July.

For Measure No.14, customers with non-performing loan status or under debt restructuring can postpone their debt repayment and pay only monthly interest at an annual rate of 3.90 per cent for three months, starting from May to July.

GHB said that only merchants or business owners who are unable to pay their installments in the given period can join the Measure no.14.

Those who are interested must register online via mobile application “GHB All” from May 11-29, and upload documents showing the impact from Covid-19 to verify eligibility.

The GHB is a state enterprise established under the Finance Ministry to lend mortgages to low-income individuals. Before the latest two, the bank had launched 12 measures since last year to support affected customers.

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