Thai cabinet approves $1.49 billion housing loan scheme, official says

BANGKOK, Oct 14 (Reuters) — Thailand's cabinet on Wednesday approved a 50 billion baht ($1.49 billion) housing loan scheme, offering loans of up to 3 million baht with repayment terms of up to 40 years, a spokesperson said. ($1 = 33.5400 baht) (Reporting by Panarat Thepgumpanat and Chayut Setboonsarng; Editing by Martin Petty) ((chayut.setboonsarng@thomsonreuters.com; +66854849033)