City-GSB joins hands with TCG to drive the economy

Provide SMEs state civil loans Free 4-year guarantee fee, including 7%

Dr. Chartchai Phayuhawichai, director of the Government Savings Bank, revealed that according to the government's economic stimulus measures. Promote the country's economic system to be more flexible The Government Savings Bank has therefore implemented under the policy "Civil State Build Thailand" to stimulate domestic consumption and develop sustainable economic foundation. With service opening Credit for civil citizens Which is supported by TCG as guarantor Under the concept of "Guarantee for Citizenship Creation Thai" in which the Government Savings Bank has prepared a credit limit of 50,000 million baht Through 3 types of loans, which are GSB loans for SMEs with flexibility, GSB loans for SMEs sustainably, and a single GSB loan The borrowers are entrepreneurs in the Startup group, innovative entrepreneurs SMEs or large business operators, which TCG waives the guarantee fee of 1.75% per year for 2 years. And the Government Savings Bank help ease the burden of fees for another 2 years. Total 4-year fee waiver In total, 7% of which the borrower does not have to be a guarantor. Which will be available from 1 October 2019 onwards

For GSB loans for SMEs streamlined Use as working capital and GSB loans for SMEs to sustain Suitable for investing in fixed assets Which both of these types Maximum credit limit of 10 million baht. One GSB loan Suitable for use as a working capital and investing in fixed assets. Maximum loan amount of 100 million baht With all 3 types of loans Equal interest rate is Short-term loans for the first 2 years Interest rate 4% per annum, year 3-4 = 6% per annum, year 5 onwards Calculate MLR / MOR to MLR / MOR + 1% while long-term loans for the first 2 years Interest rate of 4% per annum. Year 3-4 = 6% per annum and 5-7 years is equal to MLR / MOR to MLR / MOR + 1%, which can be seen regardless of the type of SMEs All 3 types of loans Covering SMEs from the initial stage of doing business to doing large business

At the same time, the project will be open for service. Hawker loan 4.0 stall, maximum loan amount not exceeding 50,000 baht per item Fixed interest rate of 0.85% per month (Flat Rate) with repayment periods of over 5 years (60 installments), with the Government Savings Bank providing life protection and disability in accordance with the loan amount up to 50,000 baht To the borrower without charge While also receiving sales rights at the Thai Government Savings Bank, which is organized throughout the country throughout the year. Which this project has a duration of 3 years The total credit limit of 5,000 million baht Setting a target of 100,000 loans. Which will be implemented soon

For those interested Must be a low income professional Or provide services such as vendor vendors, hawker stalls, motorcyclists hire Service providers to move products in the market, for example, by borrowing to pay for the rental of stalls Is working capital for trading or providing services. The Bank, supported by TCG, helps look after the borrowers' guarantees as well. In which the Government Savings Bank presents special conditions If the borrower has a history of overdue debt Or having a history of non-performing debt (NPLs) but currently have a normal repayment status Can file a hawker loan This 4.0 stall

"Government Savings Bank Believe that this cooperation Will be an important mechanism to accelerate the cog in the economy from the local level In the SMEs And a group of new generations, people with new ideas And the entire system economy drives quickly in the same direction Can finally stimulate the economy according to the civil state policy to create Thailand, "said the director of the Government Savings Bank.

Dr. Rak Worakit Pokharat, Director and General Manager The Small Industry Credit Guarantee Corporation (TCG) revealed that the cooperation between TCG and the Government Savings Bank In the launch of civil state SMEs credit products Through the Portfolio Guarantee Scheme, Phase 8 (PGS8) to provide support and help SMEs access the funding source. Suitable for small to medium-sized SMEs With a guarantee limit of 200,000 – 100 million baht / person Guarantee period is not over 10 years by TCG and Government Savings Bank. Issue a 4 year free guarantee fee. Under the Thai Government Credit Project

"It is expected that this cooperation will create loans in the system of 52.5 billion baht Able to help 10,000 entrepreneurs This is an important step of cooperation between the two organizations. To empower entrepreneurs To drive the country's economy steadily Wealthy and enduring According to national strategy For SMEs and interested parties Can ask for details and request an online consultation at www.tcg.or.th / Line @: doctor.tcg and TCG Call Center 0-2890-9999, "said Dr. Rak.