Three State Banks Launch Solar Loan Program at 2.50% Interest
Thailand's state-owned banks have introduced a new solar energy loan scheme for the public, offering a 2.50% interest rate to support the national clean energy transition.
According to a report by Prachachat Business on October 28, 2026, three major Thai state-owned financial institutions—the Government Savings Bank (GSB), the Government Housing Bank (GHB), and the Bank for Agriculture and Agricultural Cooperatives (BAAC)—have launched a new loan program dedicated to residential solar energy installations.
The initiative offers an interest rate of 2.50% with a maximum repayment period of seven years. This program is designed to align with government policies aimed at facilitating the country's transition toward clean and sustainable energy sources. Songpol Chevapanyaroj, Director of the Government Savings Bank, confirmed that the banks are implementing this measure in response to a recent cabinet resolution.
For residents and property owners in Thailand, this development may provide a more affordable pathway to installing solar panels, potentially reducing long-term electricity costs. However, specific eligibility criteria, such as the required documentation, property ownership conditions, and the exact application process for each bank, remain to be confirmed. Interested parties are encouraged to contact the respective branches of GSB, GHB, or BAAC directly for detailed terms and conditions regarding the loan application process.
