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On January 23, 2021, reporters reported on the case of the Government Savings Bank’s measures. “Emergency loan loan” To alleviate the distress of people during the COVID-19 situation.
Previously, the Government Savings Bank has introduced additional credit measures for small people. “Foundation Power Loan” In the amount of 10,000 million baht, open to lending up to 50,000 baht per person by registering through the MyMo application from January 15, 2021
Recently, the Government Savings Bank announced the adjustment of regulations. Funds for foundation enhancement Those who used to borrow loans for expenses for self-employed people affected by the COVID-19 (Emergency Loan) in 2020 can apply for a loan again. From today (23 Jan) onwards
For existing borrowers who want a new borrower, Mr.Withai Rattanakorn, Director of Government Savings Bank, stated that they can apply for foundation-enhancing loans by “GSB”, offering a loan of 20,000 baht per individual or having a good repayment history in the past. Which the bank will consider fully helping
In this regard, credit approval for borrowers Must never have a history of bad debt
Qualifications and conditions for borrowers
- Be a loan customer of the Government Savings Bank Or have closed the account for not more than 3 years
- Is a small entrepreneur Self-employed, such as trade, service profession, age 20 years or more, when including the borrower’s age and loan repayment period must not exceed 70 years.
- Persons with regular income, such as employees, private sector employees with regular salaries of the age of 20 years or more, when including the borrower’s age and loan repayment period must not exceed 60 years
- Those affected by “COVID-19” are certain residents and can contact them.
- Not employed Or employees of the Government Savings Bank – Not receiving regular income from state agencies, state enterprises. Credit terms Strengthen the foundation
- The maximum loan amount is not more than 50,000 baht per person.
- Interest rate 0.35% per month (Flat Rate) In case of default of debt, an additional 0.50% per month of the principal due.
- Repayment of principal and interest In monthly installments Up to 3 years (30 installments) grace period for the first 6 installments (principal and interest), starting payment on the 7th month (30 total installments).
- No securities or guarantors are required.
- Must pay the debt by direct debit That agreed before the due date of payment
- Loan amount of 50,000 baht, interest on a fixed loan at 0.35% per month, for the entire period of 3 years, with a monthly payment of approximately 1,877 baht (principal plus average monthly interest of 175 baht) and throughout the 3-year loan agreement, the principal repayment will be included in the interest. The amount is 56,300 baht with an interest expense of 6,300 baht or an average interest expense of 2,100 baht per year by the borrower making a letter of consent to debit the deposit account that has been specified for debt repayment. Which the borrower has to deposit money into the account That agreed before the due date of payment Loan amount of 50,000 baht, interest on a fixed loan at 0.35% per month, for the entire period of 3 years, with a monthly payment of approximately 1,877 baht (principal plus average monthly interest of 175 baht) and throughout the 3-year loan agreement, the principal repayment will be included in the interest. Is 56,300 baht, with interest expense 6,300 baht or average interest payment of 2,100 baht
How to apply for Foundation Empowerment Loan via Mobile Banking (MyMo)
1. Select menu “Apply for Foundation Enhancement Loan”
2. Press the “Apply” button
3. Press the “Apply” button
4. Enter the number after the ID card.
5. Press “Next”
6. Check the credit application information is correct or not and press “Next”.
7. Display the maximum credit limit that can be requested
8. Select the desired loan amount and check the information, then press “Next”.
9. Read the terms and conditions. Press the check mark “I read and agree to the terms of the contract” and click “Accept”
10.Scroll the screen to read the disclosure agreement until the end of the page.
11. Press “Agree”
12. Press “Confirm”
13. Click to receive OTP
14. The system is sending OTP to the registered phone number.
15. When receiving the verification code from SMS, enter the received code within 2 minutes, press “Confirm”.
16. Details of consent for disclosure of information can be saved in the gallery by pressing
17. Picture of consent for disclosure of information in the gallery
18. After that press “Done” status of application for foundation loan.
Status of application for foundation loan approval
1. In the interbank credit review
2. The customer is not approved for credit because they do not meet the criteria set by the bank. If in doubt, contact 1143.
3. Customers receive credit approval then press “Next” to proceed with the contract. (Must be done within 7 days)
How to make a loan contract for foundation loan
1. Press “Next” to proceed with the contract. (Must be done within 7 days)
2. Slide the screen to read the loan agreement until the end of the page.
3. Read the terms and conditions. Press the check mark “I read and agree to the terms of the contract” and click “Accept”
4. Enter MyMo password to confirm the loan agreement.
5. Receive OTP
6. When receiving the verification code from SMS, enter the received code within 2 minutes, press “Confirm”.
7. Show the result of successful loan application, press “Finish” and the loan will be credited to your account within 24 hours.
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