SME Bank joins with bank partners to 'guarantee low-interest loans, free!' Fees for the first 2-4 years, helping SMEs save costs, easily access loans, and revive SME businesses. Mr. Sittikorn Direksunthon, Director and General Manager of the Small Industry Credit Guarantee Corporation (TCG), said that TCG has joined hands with financial institutions to organize the 'Low Interest Loan Guarantee Project' under the PGS 11 'TCG SMEs Sustainable' loan guarantee project, charging a fee of 1.5-1.75% per year. Free! Guarantee fee for the first 2-4 years, guaranteeing the 'Low Interest Loan' group of various banks, with an interest rate not exceeding 5% per year, helping entrepreneurs save costs and reduce financial burdens, increasing liquidity for businesses to expand and recover. For low-interest loans from various financial institutions with SME Bank as loan guarantor under the PGS 11 loan guarantee project 'SME Bank Sustainable SMEs', such as the Agricultural SME Strengthening Loan of the Bank for Agriculture and Agricultural Cooperatives, the SME Green Productivity Loan of SME D Bank, the Bualuang Loan for Business Adjustment of Bangkok Bank, the Environmental Loan for SMEs of Krung Thai Bank, the Business Sustainability Loan of Siam Commercial Bank, etc. In addition, TCG has joined hands with Government Savings Bank to guarantee the IGNITE THAILAND loan project with a total loan guarantee of 5,000 million baht, with a maximum guarantee of 10 million baht per case, in line with the government's policy and the IGNITE THAILAND vision to help reduce the burden on SME entrepreneurs. Free! Guarantee fee for the first 2 years and 0.75% per year for the 3rd and 4th years, with Government Savings Bank charging an interest rate starting at 2.5% per year for the first 2 years, with a maximum loan period of 10 years, with no principal repayment for a maximum of 6 months. 'The project of low-interest loan guarantee helps SMEs in various groups to access loans more easily through the loan guarantee mechanism of the SME Bank in guaranteeing the PGS 11 loan 'SME Bank Sustainable' with no loan guarantee fee for the first 2-4 years. The government is the one who pays the guarantee fee. The loan guarantee amount per person is expanded. The fee is low. The guarantee amount per person is from 10,000 baht to 40 million baht. The guarantee period is up to 10 years,' said Mr. Sitthikorn. Entrepreneurs interested in joining the 'Low Interest Loan Guarantee Project' can contact the 11 SME Bank branch offices nationwide or register via Line OA: @tcgfirst. SME Bank also provides services through the 'SME Financial Advisory Center', which is ready to provide advice and recommendations to SMEs on accessing sources of funds, solving debt problems, and providing financial knowledge. SME entrepreneurs can request advice and receive financial health checks to prepare before applying for a loan for free. Source: Thai News Agency
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