GH Bank to offer loans to support homestay operators


BANGKOK – In response to the government’s tourism stimulus scheme, the Government Housing Bank (GH Bank) is to offer loans, with a fixed interest rate of 4.2% for up to five years, to homestay operators who plan to expand their businesses or renovate their property.

The GH Bank President, Chatchai Sirilai, said the loans are for any individual and juristic person who runs a homestay or home lodge business. They can use the money to expand their businesses, pay off mortgages, pay rental fees, renovate their property or buy more land and facilities for their businesses.

The GH Bank is to offer loans with a fixed interest rate of 4.2% for up to five years, and the minimum retail rate (MRR) will be applied after five years. Each loan is capped at 3 million baht, with a maximum repayment period of 20 years. The bank will also waive loan application and appraisal fees in response to the government’s policy to boost tourism spending and support income distribution to local communities.

People can apply for loans at the GH Bank from November 13 to December 30 this year. The contracts will be ready by March 31 next year. Application for loans will reopen between January 2 and December 30 next year, and the contracts will be ready by March 31, 2021. For more information, please call the GH Bank at 0-2645-9000 or visit or the bank’s Facebook page.