Bangkok: Government Savings Bank (GSB) has announced the launch of its Home Equity Loan program, offering a fixed interest rate starting at 3.99% for the first year, making it an attractive option for those seeking a lump sum of money. This program is available at any GSB branch from May 16, 2026, to December 30, 2026, with approval and contract completion required by January 31, 2027.
According to Thai News Agency, the loan features a fixed interest rate beginning at 3.99% for the first year, with an average of 5.10% per year over the first three years. Borrowers can expect low monthly payments during this period, with 5,000 baht per million baht borrowed. The maximum loan amount allowed is 10 million baht, and installment payments can be spread over 30 years.
The program also offers support for appraisal fees up to 5,000 baht and mortgage registration fees up to 100,000 baht for loan amounts of 3 million baht or more. The minimum interest rate (MRR) is set at 6.045% per annum, subject to change. The effective interest rate ranges from 3.990% to 5.795% per year.
For loans secured by land with buildings or condominiums, the effective interest rate varies depending on the loan amount and borrower's income. For loans not exceeding 3 million baht, the rate ranges from 5.618% to 5.725%, while for loans of 3 million baht or more, the rate ranges from 5.533% to 5.610%.
Loans using land or orchards as collateral will not exceed 50% of the appraised value, and the property must meet certain conditions such as being located in a developed community with access to utilities and public roads. An additional 1% interest rate per year will be added for these loans, with support for appraisal and mortgage registration fees subject to specific conditions. If the account is closed within five years of the loan agreement, the full mortgage registration fee must be refunded to the bank.
Customers are advised to borrow responsibly, considering only what is necessary and affordable. Other terms and conditions apply as determined by the bank.