Bangkok 3 Aug- SME D Bank announces to maintain interest rates. reduce the impact lighten the financial burden Prepare new loans for Thai SMEs Free of principal payments for 24 months.
Ms. Nartnaree Rattapat Managing Director The Small and Medium Enterprise Development Bank of Thailand (SME Bank) or SME D Bank said that after the Monetary Policy Committee (MPC) meeting on August 2, 2023 unanimously resolved to raise the policy interest rate by one hundred. 0.25 per year from 2.00 percent to 2.25 percent per year, although the bank has higher financial costs, but because SME D Bank is a state bank with a main mission to help promote and support Thai SMEs therefore ready to take care of by maintaining the same interest rate for as long as possible to reduce the impact alleviate suffering, including allowing Thai SMEs Have enough time to plan and manage the business properly. under the trend of increasing finance costs
SME D Bank understands the situation of SME business operators very well. By keeping the interest rate this time will help lighten the load and relieve anxiety for entrepreneurs to be able to continue the business For SME D Bank's current interest rate (Aug. 3, 2023), the minimum loan type (MINIMUM LOAN RATE: MLR) is 7.50 percent per year and the type of loan for fine retail customers (Minimum Retail Rate: MRR). at 8.05 percent per year
At the same time, the bank provides loan products. Maximum loan amount of 50 million baht, low and fixed interest rates. Installment periods of up to 15 years and no principal payments for up to 24 months, ready to add liquidity for SMEs. In addition, there are also short-term deposit products for juristic persons starting from 2 months to 11 months, receiving the highest returns. up to 2.10% per year, helping to be an alternative to financial management Along with supporting "development" in the "SME D Coach" project by providing comprehensive business consulting. help increase business potential able to adapt and progress through various situations Going well.-Thai News Agency
Source: Thai News Agency