Bangkok: GH Bank is offering an opportunity for individuals to ease their financial burdens through its newly introduced "Happy Home Loan 2025." The initiative aims to reduce living costs by providing an attractive interest rate of 0.99% per annum for the first year for refinancing mortgages.

According to Thai News Agency, the Government Housing Bank (GHB) is extending this offer to those interested in refinancing existing mortgages from other financial institutions, along with those looking to build, extend, or repair their homes. The loan can also be used for purchasing residential equipment or facilities and settling debts to release mortgages. Borrowers with a life insurance policy for loan protection will benefit from a fixed interest rate of 0.99% in the first year, followed by 3.50% in the second year and 4.20% in the third year, averaging 2.90% over the first three years.

The contract terms differ based on customer type, with welfare customers enjoying a rate of MRR -1.00% per year and retail customers MRR-0.50% per year. For purchases and debt repayments, the rate equals the current MRR of 6.495% per annum. The loan offers a maximum repayment period of up to 40 years, with monthly installments starting at 2,600 baht for a loan of 1 million baht. This initiative is designed to alleviate financial stress for borrowers.

Interested individuals must apply and complete legal transactions by December 30, 2025. Additional information can be sought at any GH Bank branch, through the GH Bank Call Center at 0-2645-9000, or via the bank's Facebook page. Updates are also available on the GHB ALL GEN application and the bank's official website, www.ghbank.co.th.