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State bank packages for SMEs, individuals

Jul 21. 2016
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By The Nation

STATE-OWNED banks have launched financial packages with both soft loans and mortgages to support small and medium-sized enterprises and homebuyers.

The Government Savings Bank has arranged Bt30 billion in soft loans through 18 financial institutions for SMEs to replace machinery and improve production efficiency.

Chatchai Payuhanaveechai, president of GSB, said yesterday that this seven-year loan programme with a no-financing condition was expected to assist about 2,000 SMEs.

It carries an interest rate of 4 per cent.

Third phase

“This is the third phase of soft loans for SMEs. The previous ones helped more than 30,000 SMEs with combined soft loans of Bt150 billion,” he said.

The Islamic Bank of Thailand also offers soft loans worth Bt30 billion for SMEs that plan to change their machinery and improve production efficiency.

Government Housing Bank has set a Bt65-billion credit line for its four new loan products as a means to have all customer groups gain better access to residential loans.

Chatchai Sirilai, president of GH Bank, said it had allocated Bt5 billion of the credit line to its “2016 GH Bank Housing Loan Campaign” with the maximum of Bt2 million each.

The three other products are Bt30 billion in loans for government officials and those welfare groups with no deposits, Bt20 million in loans for retail customers and Bt10 billion in loans for customers in the fast-track/regional fast-track project and post-finance project.

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