GSB launches new loan campaign to strengthen grassroots level
The Government Savings Bank (GSB) has launched a new campaign called “Loans for Strengthening Foundation” under which loans of up to Bt50,000 will be offered to those affected by the Covid-19 outbreak regardless of their employment status.
“The bank earmarked Bt20 billion for loans for regular job holders who have been impacted by the outbreak since April, and so far, Bt1.012 billion has been used,” GSB president Withai Ratanakorn said. “For the remaining Bt18.98 billion, we decided to adjust the criteria and allow those who don’t have regular jobs to apply as well.”
The “Loan for Strengthening Foundation” is expected to use Bt10 billion of the bank’s reserve.
“To be eligible, applicants can be either regular employees, self-employed or have a family member affected by the Covid-19 situation,” added Withai. “The loan is capped at Bt50,000 per person with a flat interest rate of 0.35 per cent per month under a maximum three-year repayment plan. GSB offers a six-month grace period and requires no collateral or guarantor.
“We believe this new campaign will help strengthen the financial status of people at grassroots level, who are the important foundation of Thai economy,” added Withai.
Those interested can register at www.gsb.or.th until December 30.
