Government Savings Bank responds to the Cabinet’s resolution to adjust the Soft Loan Re-Open criteria, pushing for a mechanism to stimulate tourism Extend the loan to revolve the hotel business. related business general restaurant Increase the installment period to 10 years. Loan submission is now open at www.gsb.or.th. and all branches of Government Savings Bank nationwide
Mr. Withai Rattanakorn, Director of the Government Savings Bank, revealed that according to Gen. Prayut Chan-o-cha, Prime Minister and Minister of Defense, has given policies to all sectors to accelerate the recovery of the tourism industry. to be ready to support the increasing number of tourists following the COVID-19 situation begin to unravel The Cabinet has approved the proposal of the Ministry of Finance to improve the criteria for the low-interest loan program. For hotel business and hotel supply chain, including restaurant business (Soft Loan Re-Open) operated by the Government Savings Bank. To be more beneficial to entrepreneurs, such as extending the loan period from the original 7 years to no more than 10 years, lending for working capital in the business Including the relaxation of conditions for consideration of debt repayment history and also expands its target to the restaurant business (Apart from the hotel business) as well. www.gsb.or.th or at any branch of the Government Savings Bank nationwide From now until June 30, 2023 or until the project limit is reached.
Incidentally, the Soft Loan Re-Open program is open to loans to both individuals. and juristic persons with Thai nationals holding more than 50 percent of the registered capital The maximum loan amount per person is not more than 5 million baht. You can choose to use collateral for the full loan amount or choose to use collateral together with The Small Industry Credit Guarantee Corporation (TCG) or use TCG to guarantee the full amount of the loan, in the case of using TCG as a full guarantee A maximum loan of not more than 3 million baht is charged at a fixed interest rate for the first 2 years of 1.99% per year. The principal can be freed for up to 2 years. In the 3rd-10th year, the interest rate is different according to the type of collateral, that is, in the case of Use collateral for the full credit limit The bank charges an interest rate of MLR -1.0 per year, in the case of using collateral with TCG, the interest rate is MLR – 0.5 per year, and in the case of using TCG as collateral for the full loan amount. The interest rate is equal to MLR per year (currently GSB MLR = 6.150%)
