Home Business ‘Government Savings Bank – BAAC’ launches ‘COVID-19 security loan’ without collateral

‘Government Savings Bank – BAAC’ launches ‘COVID-19 security loan’ without collateral

by news dir

14 May ’16 – Anucha Buraphachaisri, a spokesman for the Prime Minister’s Office, revealed that Government Savings Bank and Bank for Agriculture and Agricultural Cooperatives (BAAC) launched “COVID-19” security loans for self-employed income earners. Smallholder farmers or agricultural workers According to the cabinet resolution on May 5, 2021, the total amount of 20 billion baht was approved through the credit of the Government Savings Bank. And the Bank for Agriculture and Agricultural Cooperatives (BAAC), in the amount of 10,000 million baht per bank, is expected to help ease the initial financial burden for more than 2 million people as well as increase liquidity in business operations. Or where there is a need to spend money on an emergency Mitigate the suffering of the lack of income from the COVID-19 epidemic control scale. During the government’s speeding up the COVID-19 vaccination service. So that people can return to normal life as soon as possible

The Government Savings Bank offers “COVID-19 Security Loans” to self-employed people. Small entrepreneur And regular income earners (Excluding regular income earners from the government sector and state enterprises), while the BAAC provides loans to small farmers or agricultural workers. Those borrowers from both banks must have Thai citizenship and age 20 years and over. The loans under the “COVID – 19” program are non-collateralized loans (Clean Loan) for the interest rate specified. Flat rate at 0.35% per month, term of loan up to 3 years, free of principal and interest for the first 6 installments, loan application period from now on until December 31, 2021.

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For the Government Savings Bank In the first phase of the project, in order to control and prevent the spread of COVID-19, services have been started to bank customers. The MyMo application was already launched before May 1, 2021, with more than 9 million people, starting with the affected customers located in six dark red areas, namely Bangkok, Nonthaburi, Pathum Thani, Chonburi. Samut Prakan and Chiang Mai can apply for loan via the MyMo app from today onwards. After that in the next phase, it will expand to serve customers in all areas throughout the country. Which will begin on May 20, 2021, followed by other customers who do not have the MyMo application.

While BAAC is open to participating in the project via LINE Official. www.baac.or.th Or contact for more information at Call Center 02 555 0555

“The government also has financial measures for people and business groups, such as an Emergency Decree on Assistance and Rehabilitation of Businesses Affected by the 2019 2021 Coronavirus Disease, which includes recovery credit measures. And measures for debt relief Credit Guarantee Corporation PGS9 Scheme Measures to assist borrowers affected by the COVID-19 outbreak New wave of the Bank of Thailand And Credit Card Debt and Personal Loan Exposition By General Prayut Chan-o-cha, Prime Minister also held weekly meetings with the economic team. To expedite consideration of ways to help people And measures to help entrepreneurs in each business group as appropriate, “said Anucha.


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