GSB cuts interest rates by 0.5% for good borrowers until end of 2026 via MyMo

Matichon•Economy•20d ago

Reader Briefing

Government Savings Bank (GSB) offers a 0.5% interest rate reduction until the end of 2026 for eligible housing loan customers with good repayment history.

•Government Savings Bank (GSB) is offering a 0.5% interest rate discount to eligible housing loan borrowers.
•The offer is valid from May 1 to December 31, 2026, for customers with a good repayment history over the past three years.
•Eligible customers can check their status and apply for the benefit through the MyMo application.

Overview

•On May 5, 2026, the Director of GSB announced a new policy. GSB begins implementing the 'GSB Home Loan Good Payment Reduction' measure.
•GSB housing loan customers with good repayment history will receive a 0.50% per year interest rate discount.
•The measure aims to acknowledge responsible borrowers and reduce their repayment burden.
•This initiative is designed to encourage good financial discipline and responsible loan repayment.
•The interest rate reduction is 0.50% per year.
•The offer is valid for housing loans from May 1, 2026, to December 31, 2026.
•Borrowers with a good repayment history over the past 3 years, without any payment arrears in the last 12 months, are eligible.
•Customers can check eligibility and participate in the program via the MyMo app.
•Inquiries can be made at any GSB branch or by calling GSB Contact Center at 1115.

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Source: Matichon (Original)

Key Quotes

Songphol Cheevapanyaroj

"The bank aims to enhance financial discipline among the public by supporting borrowers to responsibly repay loans according to loan agreement conditions."

ธนาคารตั้งเป้าหมายยกระดับการสร้างวินัยทางการเงินที่ดีของประชาชน โดยสนับสนุนให้ลูกหนี้ธนาคารรับผิดชอบผ่อนชำระหนี้ตามเงื่อนไขสัญญาเงินกู้

Key Entities

Organization

Government Savings Bank(ออมสิน)ℹ️

A Thai state-owned bank implementing a new interest rate reduction policy for housing loans.

MyMo

The mobile application used by the Government Savings Bank for customers to check eligibility and participate in the interest rate reduction program.

Person

Songphol Cheevapanyaroj(นายทรงพล ชีวะปัญญาโรจน์)

Director of the Government Savings Bank (GSB) who announced the interest rate reduction policy.