Thailand’s GSB to extend low-interest loans to help tourism-related SMEs

13 Sept 16:51 Key points summarised by AI

Thailand's state-owned Government Savings Bank (GSB) has allocated a 10 billion baht fund to provide low-interest loans to small and medium-sized enterprises in the tourism sector, aiming to alleviate economic strain from the COVID-19 pandemic.
Eligible SMEs can apply for loans ranging from 1-50 million baht, using property as collateral, with a three-year repayment period featuring tiered interest rates: 0.10% for the first year, 0.99% for the second, and 5.99% for the third.

New home loan scheme aims to boost property sector with Bt125 billion

20 Oct 11:38 Key points summarised by AI

The Cabinet approved a new Bt50-billion 'A House for Each PLUS' home loan scheme from the Government Housing Bank, offering up to Bt3 million with 40-year repayment terms for low- and middle-income earners.
This initiative aims to significantly boost the property sector and national economy, projecting to generate Bt125 billion in economic activity and create jobs.