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Thai banks give nod for home loans to LGBTQ+ community

State-owned housing bank advances the gender equality finance agenda

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

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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