Buying a home in Thailand could become more accessible for eligible buyers following the government’s approval of the Home for Each Person PLUS housing loan scheme. With a total budget of ฿50 billion, the program offers preferential interest rates, loan terms of up to 40 years, and financing for eligible residential properties priced at no more than ฿3 million.
Launched through the Government Housing Bank (GHB), the initiative is designed to help more people access homeownership while supporting Thailand’s property market. Here’s what prospective buyers should know about the loan limits, interest rates, eligibility considerations, and application process.
Home for Each Person PLUS: Key Details at a Glance
| Program detail | What to know |
|---|---|
| Total budget | ฿50 billion |
| Maximum property price and loan amount | Up to ฿3 million, subject to the bank’s lending criteria and applicable conditions |
| Maximum loan term | Up to 40 years |
| Introductory interest rate | Starting at 2.60% per year for eligible borrowers in the standard income group, or 2.80% for the group assessed under relaxed income and living-cost criteria, during the first two years |
| Application period | October 15, 2026, to December 30, 2030, or until the allocated budget is exhausted |
| Participating lender | Government Housing Bank (GHB) |
The program has two funding allocations: ฿40 billion for borrowers assessed under the relaxed income and living-cost criteria, and ฿10 billion for borrowers who meet the bank’s standard income criteria. The applicable interest rate depends on the borrower’s assessment and loan category.
Who Could Benefit From the Scheme?
The program is intended to broaden access to home financing, particularly for people with low to moderate incomes who are looking to purchase or build a home. The introductory rates may help eligible buyers manage their initial mortgage payments while planning their longer-term housing costs.
However, a low advertised interest rate does not automatically mean a borrower will qualify. Applicants should expect the bank to assess their income, existing financial commitments, repayment capacity, and other lending requirements. The final approved loan amount and conditions will depend on the bank’s assessment.
What Types of Properties Are Covered?
The scheme covers eligible residential purposes, with the property price or applicable financing limit capped at ฿3 million under the program’s conditions. Eligible purposes announced by GHB include:
- Buying a home: Purchasing an eligible residential property.
- Building a home: Financing the construction of a residence.
- Buying land and building a home: Financing a land purchase together with residential construction, subject to the bank’s requirements.
- Housing on state-owned land: Purchasing or constructing eligible housing on land covered by the program’s conditions.
- Residential equipment and facilities: Financing eligible equipment or facilities related to residential use.
Buyers should confirm that their intended property and transaction qualify before committing to a purchase. In particular, check the bank’s requirements for the property, ownership documents, land title, construction plans, and any relevant permits.
Interest Rates: How the Two Groups Compare
The introductory rates apply for the first two years. After that, the interest rate changes according to the relevant loan category and the program’s published schedule.
Group 1: Relaxed Income and Living-Cost Criteria
This group has an allocated budget of ฿40 billion and an introductory rate of 2.80% per year for the first two years.
| Loan period | Interest rate |
|---|---|
| Years 1–2 | 2.80% per year |
| Year 3 | 3.50% per year |
| Years 4–5 | 4.00% per year |
| Years 6–7 | MRR − 2.00 percentage points |
| Year 8 onward | Retail customers: MRR − 0.75 percentage points; welfare customers: MRR − 1.00 percentage point. Separate rates apply to eligible residential equipment and facilities financing. |
Group 2: Standard Income Criteria
This group has an allocated budget of ฿10 billion and an introductory rate of 2.60% per year for the first two years.
| Loan period | Interest rate |
|---|---|
| Years 1–2 | 2.60% per year |
| Year 3 | 3.40% per year |
| Years 4–5 | 4.00% per year |
| Years 6–7 | MRR − 2.00 percentage points |
| Year 8 onward | Retail customers: MRR − 0.75 percentage points; welfare customers: MRR − 1.00 percentage point. Separate rates apply to eligible residential equipment and facilities financing. |
What does MRR mean? MRR stands for Minimum Retail Rate, a reference interest rate used by banks for certain loans. Because it can change over time, the interest rate charged after the initial fixed-rate periods may also change.
GHB stated an MRR of 6.145% per year in its announcement dated October 15, 2026. Check the bank’s latest published rate and the terms of your own loan when comparing offers.
What Could Monthly Repayments Look Like?
GHB has promoted an initial installment of approximately ฿3,600 per month for every ฿1 million borrowed. This provides a useful starting point for budgeting, but it should not be treated as a guaranteed repayment amount for every borrower.
| Illustrative loan amount | Initial monthly installment estimate |
|---|---|
| ฿1 million | ฿3,600 |
| ฿2 million | ฿7,200 |
| ฿3 million | ฿10,800 |
These figures simply multiply the bank’s advertised initial installment by the loan amount. Actual payments may differ depending on the approved loan, repayment schedule, borrower category, and other applicable terms. Monthly payments can also change when the interest rate changes.
Before deciding on a property, calculate whether you could comfortably afford the repayments beyond the introductory period. Remember to budget for common-area fees, insurance, utilities, maintenance, taxes, and other costs associated with owning a home.
How to Prepare Before Applying
A little preparation can make the home-buying process easier. Before approaching the bank, consider the following steps:
- Set a realistic budget. Estimate a monthly payment you can manage alongside your existing expenses and savings goals.
- Review your finances. Gather information about your income, employment or business, outstanding debts, and current monthly commitments.
- Shortlist eligible properties. Check the purchase price and confirm that the property and transaction meet the scheme’s requirements.
- Prepare supporting documents. Ask GHB which identification, income, bank statement, property, land, or construction documents are required for your situation.
- Compare the full loan terms. Look beyond the introductory rate and review the rate schedule, fees, repayment conditions, and total borrowing cost.
How to Apply for Home for Each Person PLUS
According to GHB’s announcement, applications can be submitted at GHB branches nationwide from October 15, 2026, through December 30, 2030, or until the program’s allocated funds are exhausted.
Because eligibility and documentation requirements can vary, contact the bank before making a financial commitment or signing a property purchase agreement based on an assumption of loan approval.
For official information, visit the Government Housing Bank announcement or contact the GHB Call Center at 0-2645-9000.
What the Scheme Could Mean for Thailand’s Property Market
The ฿50 billion allocation signals continued public-sector support for residential financing and homeownership. By offering lower introductory rates and longer repayment periods, the scheme may help eligible buyers explore homes within the program’s price range.
It could also draw attention to more affordable homes and condominiums, particularly among buyers who have been preparing to enter the property market. The actual impact, however, will depend on borrower eligibility, loan approvals, available housing, household finances, and wider market conditions.
For prospective buyers, the most useful approach is to treat the scheme as a financing option to investigate rather than a guarantee that buying a home will be affordable. A property should fit both your current budget and your longer-term financial plans.
The Bottom Line
Home for Each Person PLUS offers eligible buyers in Thailand another route to residential financing, with a ฿50 billion budget, introductory interest rates starting at 2.60% per year, and loan terms of up to 40 years. The program may be worth exploring if you are planning to buy or build a home priced within the scheme’s limits.
Before applying, confirm which borrower group applies to you, check the latest interest rates and eligibility conditions, and work out whether the repayments remain manageable after the introductory period. The right home loan is not just about securing a low initial rate; it is about finding financing that works for your life over the long term.
Official Sources
- Government Housing Bank (GHB): Home for Each Person PLUS announcement, October 15, 2026
- Thai Government: Official news and program information
Disclaimer: This article is for general informational purposes only and does not constitute financial, legal, or mortgage advice. Program conditions, interest rates, eligibility requirements, and available funding may change. Confirm all details directly with the Government Housing Bank before applying.
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