Thai banks give nod for home loans to LGBTQ+ community

State-owned housing bank advances the gender equality finance agenda

20220629 home loan lgbtq

Thailand passed the first reading of the Marriage Equality Bill on June 16, improving prospects in the LGBTQ+ community for greater social and legal acceptance in a conservative society. © Reuters

APORNRATH PHOONPHONGPHIPHAT, Nikkei staff writer

BANGKOK -- Thai banks have opened up to the LGBTQ+ community with a green light for joint home loans that raises hopes for more equal rights in Thailand's conservative financial circles.

On Tuesday, Government Housing Bank (GHB) became the first state-owned bank to give LGBTQ+ couples access to housing loans. These come with lower-than-market interest rates and maximum installment periods of up to 40 years.

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