GSB Reduces Interest Rates Up to 8 Months for Good Borrowers

Prachachat•Economy•20d ago

Reader Briefing

Government Savings Bank implements an interest rate reduction program for well-behaved home loan borrowers.

•Government Savings Bank (GSB) is offering an interest rate discount of 0.5% per year.
•The discount will be applied for a maximum of 8 months to eligible borrowers with good repayment history.
•The initiative, called 'Good Home Payments GSB Discounts,' targets responsible borrowers with a history of no late payments for the past 12 months and no past participation in other relief measures.
•Eligible borrowers can check their status and join the program via the MyMo app from May 1 to December 31, 2026.

•Government Savings Bank is implementing a measure called 'Good Home Payments GSB Discounts' in order to support responsible borrowers.
•The interest rate reduction offered by Government Savings Bank is set at 0.50% per year.
•The interest rate reduction will be applied for a maximum of 8 months.
•The program aims to help reduce the repayment burden for borrowers who demonstrate responsible debt behavior, in order to foster good financial discipline among the public.
•Eligibility for the 'Good Home Payments GSB Discounts' measure is determined by a review of the borrower's repayment history over the past 3 years, with a requirement of continuous good payments and no arrears in the last 12 months.
•Borrowers who have previously participated in other relief measures or are currently in a debt moratorium are excluded from this program.
•The 'Good Home Payments GSB Discounts' measure is initially being rolled out to home loan borrowers.
•The 'Good Home Payments GSB Discounts' measure is available through the MyMo app from May 1, 2026, to December 31, 2026.

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Government Savings Bank (GSB)(ออมสิน)ℹ️

The financial institution implementing an interest rate reduction program for good borrowers.

Mr. Songpol Cheevaphanunroj(นายทรงพล ชีวะปัญญาโรจน์)

The Director of the Government Savings Bank who announced the new interest rate reduction measure.