State-owned Government Savings Bank (GSB) is willing to offer an interest rate at the lowest level possible to the Oil Fuel Fund if the fund needs to shore up its liquidity, says GSB president Vitai Ratanakorn.
GSB to lend B10bn to small firms
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published : 26 May 2021 at 11:03
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State-owned Government Savings Bank (GSB) has launched soft loans totalling 10 billion baht to help small and medium-sized enterprises (SMEs) in the tourism sector improve their liquidity amid the pandemic, says president and chief executive Vitai Ratanakorn.
The three-year loan carries an average annual interest rate of less than 3%. SMEs can apply for the loan by registering at www.gsb.or.th by June 30, or until the total loan facility has been disbursed.
Individuals and juristic entities are allowed to borrow by placing vacant land plots as collateral. The loan amount each client can borrow cannot exceed 70% of the appraised value of their land.
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