GH Bank: Sluggish enrolment in zero-interest mortgage scheme
- Published: 18 May 2012 at 00.00
- Newspaper section: Business
A zero-interest mortgage programme launched by the government late last year has attracted "lower than expected" interest from potential homebuyers, says the Government Housing Bank (GH Bank).
Just 3.5 billion baht in loan applications have been submitted to the state-owned bank, of which 3 billion has been approved, according to president Worawit Chailimpamontri.
GH Bank has set a 20-billion-baht target for the scheme, which expires year-end.
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