GSB reduces teacher loan interest to 3.50% until end of 2027

MGR Online•Economy•2d ago

Reader Briefing

Government Savings Bank is reducing loan interest rates to 3.50% per year for specific teacher welfare loan projects until December 31, 2027.

•Government Savings Bank reduces interest rates to 3.50% per year until December 31, 2027.
•Eligible debtors include those in the Ch.Ph.Kh. - Ch.Ph.S. welfare loan project and the educational professional support project.
•Registration is open from now until November 30, 2026, via the MyMo app, website, or any Government Savings Bank branch.

•Government Savings Bank reduced the interest rate to 3.50% per year (fixed rate) until December 31, 2027.
•The reduced rate allows the original installment amount to reduce the principal more and clear debt faster.
•Registration for the program is available from the present until November 30, 2026.
•This measure applies to debtors under the Ch.Ph.Kh. - Ch.Ph.S. welfare loan project and the educational professional support project.
•From January 2028 onwards, interest rates will be adjusted to MLR-2 or MRR-2 depending on the original loan agreement.
•As of March 2, 2026, the MLR is 6.025% and the MRR is 6.045% per year.
•Eligible individuals can register via the MyMo application, the website www.gsb.or.th, or any Government Savings Bank branch.

Full article content is available on the original source.

Government Savings Bank(ธนาคารออมสิน)

The financial institution providing interest rate reductions for teacher loan projects.

Ch.Ph.Kh. - Ch.Ph.S. Welfare Loan Project(โครงการสวัสดิการเงินกู้ ช.พ.ค. - ช.พ.ส.)

A welfare loan project for which debtors are eligible for the interest rate reduction.

Educational Professional Support Project(โครงการเกื้อกูลผู้ประกอบวิชาชีพทางการศึกษา)

A project supporting educational professionals for which debtors are eligible for the interest rate reduction.