Chiang mai: Three state banks have collaborated to organize the "Bring state banks to help the people" event in Chiang Mai Province, focusing on providing extensive support to SMEs by offering access to low-interest loans with guarantees. This initiative, set to take place on July 26, aims to facilitate financial services for small and medium-sized enterprises.
According to Thai News Agency, Dr. Paopum Rojanasakul, Deputy Minister of Finance, will lead a presentation on 'Products and Assistance for SMEs' by three state financial institutions. These institutions have prepared a range of products and services and will offer guidance on accessing loans. Key offerings include two new products from TCG, with a combined credit line of 5,000 million baht. These products are classified as 'special measures' designed to encourage financial institutions to provide loans by offering high-rate claim payments.
The event will also introduce the SME Power Trade and Biz loan guarantee project, targeting groups affected by trade wars and economic challenges, and the SME Micro Biz loan guarantee project, which caters to small SMEs, online traders, and freelancers. Both projects feature low fees of just 1.5% per year, with free guarantee fees for the first three years and a maximum guarantee period of seven years, aiming to enhance liquidity and reduce financial burdens for SMEs.
D Bank is offering a special loan promotion for SMEs, with a fixed interest rate of only 3% per year for the first three years and a maximum repayment period of 10 years. This promotion covers all business groups and SME needs, with a consulting team available to help access funding sources. Additional promotions include a discount of up to 0.25% on the project analysis fee upon loan approval and free access to the 'DX by SME D Bank' platform service for business upgrades.
EXIM BANK will provide Green X Transformation loans, with a maximum credit line of 100 million baht per case and a special fixed interest rate of 3.5% per year for the first two years. Other offerings include EXIM's low-interest Soft Loan GSB Boost Up, with a maximum credit line of 40 million baht per case and a fixed interest rate of 3.25% per year for the first two years, as well as EXIM for Small Biz export insurance, which protects against non-payment risks for goods for entrepreneurs with an export value not exceeding 100 million baht per year. Premiums are based on the number of buyers guaranteed by EXIM BANK, with a maximum coverage of 2 million baht.