GSB offers new loans – for homebuyers and businesses

“The GSB Housing Loan is targeted at those who wish to buy, build, renovate or refinance their homes from other institutes,” he said. “Borrowers can buy life insurance and use it as collateral for the loan. The campaign offers 2.5 per cent interest in the first three years, after which the interest will be at a minimum retail rate [MRR] of -1.5 per cent. [GSB’s MRR is currently 6.425 per cent].
“The GSB D-VERs loan is designed to be a rotational fund for businesses to invest in fixed assets or refinance their property from other institutes,” Withai said. “Loans start from Bt1 million and go up to a maximum Bt100 million. Borrowers of less than Bt20 million can buy life insurance and use it as collateral and receive an interest of 3.99 per cent in the first year and 4.99 per cent in the second year.”
In case the borrowers use their assets as collateral at 100 per cent of the loan amount, they will receive an interest rate from the third year of +0.75 of the minimum overdraft rate [MOR] or minimum loan rate [MLR]. The bank’s current MOR is 5.995 per cent and MLR 6.15 per cent. Borrowers who use assets worth over 30 per cent of the loan as collateral will receive an interest rate of MOR or MLR at +1.25.
“GSB is also offering the ‘SMEs Start-up No1’ loan in celebration its 107th anniversary. Business owners with innovative ideas and strong business plans can apply for a maximum Bt10-million loan and buy life insurance as collateral,” added Withai. “Alternately, they can use assets worth more than half of the loan amount and receive 1.07 per cent interest in the first year and then MRR of +1.5 per cent interest throughout the contract.”
For more information, contact GSB booths at the expo or Call Center 1115.