GSB unveils details on low-interest loans for those affected by Covid-19

Employees who have regular income will be eligible for a maximum Bt50,000 loan with a flat monthly interest rate of 0.35 per cent and a maximum repayment period of three years. The borrowers can provide either a personal guarantor or a collateral asset. Applications for the loan will be open from April 15 to December 30 at www.gsb.or.th Other requirements for candidates include: Age over 20 years, Thai national, with permanent residence and having been affected by the Covid-19 situation.
The bank also offers a maximum loan of Bt50,000 to self-employed people, freelancers, owners of businesses related to tourism who are affected by Covid-19. Existing borrowers of GSB can also apply for this loan provided the accumulated amount of loan must not exceed Bt200,000. The loan will have a flat monthly interest rate of 0.5 per cent and a maximum repayment period of five years as well as a six months grace period. The application period starts now until September 30.
For further information, visit the bank’s website or call GSB hotline 1115.