Bloomberg News

Thailand Approves 20 Billion Baht in Zero-Interest Housing Loans

October 04, 2011

Oct. 4 (Bloomberg) -- Thailand’s Cabinet today approved a plan for the Government Housing Bank to lend 20 billion baht ($642 million) with zero interest to first-time home buyers.

The move will help low-income earners who have never owned a house, the Cabinet said in a statement.

To contact the reporter on this story: Suttinee Yuvejwattana in Bangkok at suttinee1@bloomberg.net

To contact the editor responsible for this story: Daniel Ten Kate at dtenkate@bloomberg.net


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