GSB cuts interest rates by 0.5% for good debtors until year-end

Thansettakij•Economy•7d ago

Reader Briefing

Government Savings Bank is offering a 0.50% annual interest rate discount for eligible housing loan borrowers with good payment history until the end of 2026.

•The Government Savings Bank (GSB) is launching a 'Home Loan Good Pay GSB Reduces For You' campaign.
•Eligible borrowers will receive a 0.50% interest rate reduction for up to 8 months.
•The campaign targets individuals with consistent loan payments over the past three years.
•Applications and eligibility checks can be done through the MyMo app from May 1 to December 31, 2026.

Overview

•From May 1 to December 31, 2026, the Government Savings Bank will implement a support measure for housing loan debtors.
•The Government Savings Bank announced a 'Home Loan Good Pay GSB Reduces For You' measure in order to support responsible debtors.
•A 0.50% annual interest rate reduction will be applied to eligible housing loans, lasting for a maximum of 8 months.
•This measure aims to maintain credit history standards and prevent debtors from becoming non-performing loans, thereby impacting the national economic system.
•Eligibility for the interest rate reduction is based on a 3-year repayment history, with no overdue payments in the last 12 months, and no prior participation in other bank relief measures.
•Debtors can check their eligibility and participate in the 'Home Loan Good Pay GSB Reduces For You' campaign via the MyMo application.
•Further inquiries can be made at any Government Savings Bank branch or by calling GSB Contact Center at 1115.

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Key Entities

Organization

Government Savings Bank(ออมสิน)ℹ️

A Thai state-owned bank offering financial services and loan products.

GSB Contact Center

The customer service hotline for the Government Savings Bank.

Bagsiom(บสย.)

A financial institution providing loan guarantees, working with GSB to support SMEs.

Policy

Home Loan Good Pay GSB Reduces For You(ผ่อนบ้านดี GSB ลดให้)

A specific loan relief campaign by the Government Savings Bank offering interest rate reductions to eligible housing loan debtors.

Platform

MyMo

The mobile application used by the Government Savings Bank for customer transactions and access to services.

Person

Songpol(ทรงพล)

Director of the Government Savings Bank who set targets for loan disbursement.