Don't Miss Out! Government Savings Bank Launches Back-to-School Loan with Ultra-Low 0.60% Monthly Interest
The Government Savings Bank is offering back-to-school loans at just 0.60% monthly interest with no collateral required, available through May to July 2026. Parents can borrow up to 10,000 baht to cover uniforms, textbooks, and school suppl
The Government Savings Bank has launched a back-to-school loan program offering a low fixed rate of just 0.60% monthly interest with no collateral required, designed to help parents manage the financial strain of new school expenses and enable convenient applications through the MyMo app.
Announced on May 8 by Songphol Chiwapanjarojen, the bank's director, the program addresses the heavy financial burden families face during school openings amid economic volatility and tight household cash flow. The initiative features a 1 billion baht allocation to assist with uniforms, textbooks, school supplies, and other education-related expenses while reducing reliance on unofficial debt sources.
The loan program reflects the bank's commitment as a "bank for society, for all lives," particularly supporting students during this critical foundation-building period of life. Designed with relaxed qualification criteria compared to standard bank requirements, the program allows any parent with employment and income to apply.
Loan terms include a maximum of 10,000 baht per person at a fixed 0.60% monthly rate, repayable over 12 months at approximately 894 baht monthly (including principal and interest). No collateral is needed. Parents can apply through the MyMo application or visit any Government Savings Bank branch for assistance. The application period runs from May 8 to July 31, 2026.
