The Government Housing Bank (GH Bank) responds to government policy. Notice of reduction of MRR loan interest rate by 0.25% per annum, effective from 1 May 2024 onwards.
Ready to help increase income from savings for the people by creating a savings deposit product “Savings” with an interest rate as high as 1.95% per year Deposit accounts will be open from 7 May – 30 December 2024.
Mr. Kamonpop Weerapala, Managing Director of GH Bank, disclosed that the Association of State Financial Institutions There was a decision for member financial institutions to reduce interest rates. according to government policy To help retail customers and vulnerable customers, with GH Bank reducing loan interest rates For major retail customers (MRR) reduced by 0.25% per annum from the initial 6.795% per annum to 6.545% per annum for a period of 6 months, effective from 1 May 2024 onwards, to help reduce consumption for more than 1.8 million customers, including customers with income low penetration and vulnerable customers Is there enough money left to survive. and have a better quality of life
In addition, GH Bank is ready to support savings in the public sector. Have more financial control. By putting in savings options that get high returns. Therefore, we have created a savings investment product, “Save Savings”. % per annum (terms as specified by the bank). Interest is exempt from personal income tax. The bank pays interest on deposits twice a year (June 29 and December 29).
Mr. Rak Worakijpokathorn, Managing Director Export-Import Bank of Thailand (EXIM BANK) revealed that EXIM BANK announced a reduction in the Prime Rate interest rate by 0.25% per annum from 6.60% to 6.35% per annum (the interest rate on the loan EXIM BANK uses for general customers and customers SMEs are equal to the interest rate for loans to major retail customers or MRR of commercial banks). To support vulnerable entrepreneurs and SMEs, effective from 30 April 2024 onwards.
This reduction in the interest rate of the Prime Rate is an additional interest rate reduction from the interest rate reduction of 0.15% per annum on April 18, 2024 as a gift to entrepreneurs during the recent Songkran festival. Along with the interest rate reduction this time, EXIM BANK has reduced the interest rate by 0.40% annually to help ease the burden on entrepreneurs. Especially vulnerable groups and SMEs, this is in line with EXIM BANK’s mission to support Thai entrepreneurs to have liquidity in their business activities. Debt and business cost relief and being able to adapt to compete sustainably on the world stage in an environment where the Thai economy is growing at a slower rate. At the same time, interest rates in the financial market remain high.
By InfoQuest News Group (26 Apr ’24)
Tags: EXIM BANK, MR, Government Housing Bank, GH Bank, Interest rate on loan
2024-04-26 04:54:05
#India #BankEXIM #Bank #responds #government #policy #reduces #MRR #months #InfoQuest
