“Government Savings Bank Announces 3 Billion Baht in Tourism Support with 2-Year Payment Grace Period for Hotel Businesses and Supply Chains”

Government Savings Bank opens another 3 billion baht in tourism support, free of principal payments for 2 years

Mr. Withai Rattanakorn, President of the Government Savings Bank, revealed that from the success of the 5,000-million-baht Soft Loan Re-Open loan in February 2023, which received a lot of attention from entrepreneurs. As a result, the project’s budget will run out in a short time. However, customers still have a continuous demand for credit, reflecting the image of tourism and the economic mechanism is getting better. that many sectors have to help push forward The Government Savings Bank therefore launches the GSB ReOpen credit project for hotel business and hotel supply chain (Phase 2) for another 3,000 million baht immediately. Which is open for loan submission from now on until December 30, 2023

GSB ReOpen Loan Program for Hotel Business and Hotel Supply Chain (Phase 2) with a credit line of 3,000 million baht for hotel business operators and hotel supply chain operators, restaurants, and operators with unique or local identities. Loan to bring money to improve and repair the establishment. Purchasing equipment Invest in fixed assets Or as working capital in the business for SMEs entrepreneurs who are natural persons and juristic persons with Thai nationals holding more than 50 percent of the registered capital The maximum loan amount is not more than 5 million baht per person and the loan period is up to 10 years. The full amount of the loan can be used as collateral. Or you can choose to use both securities and TCG (Small Industry Credit Guarantee Corporation) together as a guarantee. Fixed interest rate for the first year of 3.99% per year, the second year onwards, MLR per year and MLR + 1.00 per year according to the type of collateral (MLR = 6.650) and grace period of up to 2 years.