Government Savings Bank Launches SMEs Recharge and Full Max Loan Programs with Interest Rates Starting at 2.99%

Government Savings Bank Director Songpol Chiwapanya announced that GSB is accelerating support for entrepreneurs to adapt amid economic fluctuations through the "GSB Revive Thai Business" soft loan initiative, featuring two credit products: "GSB SMEs Recharge" and "GSB Full Max."

Both programs offer initial interest rates of just 2.99% annually for the first two years, with repayment periods up to 10 years. This aims to reduce financing burdens, enhance liquidity, and boost competitiveness of Thai businesses.

GSB SMEs Recharge is designed for liquidity support or refinancing existing debt. It serves both existing and new SME customers with maximum loan amounts of 30 million baht per applicant. The program covers exporters affected by taxation issues, businesses competing against imports, tourism enterprises, border dispute areas, disaster-affected customers, and supply chains impacted by Middle East conflicts.

GSB Full Max supports business expansion with maximum loans of 100 million baht for SMEs and 150 million baht for large enterprises. It covers three priority areas:

1) Reinvent Thailand: Supporting strategic industries including agriculture, agro-processing, tourism, automotive, medical and health services, smart electronics, wholesale-retail, and logistics supply chains for global market expansion.

2) Transformation: Backing digital conversion, green economy transition, and future innovation initiatives.

3) Tourism and Middle East Recovery: Supporting tourism and service sectors impacted by Middle East conflicts, including related supply chains.

Interested entrepreneurs can apply at any GSB branch. The bank will assess loans based on repayment capacity and borrower necessity. Further details are available at www.gsb.or.th or by calling GSB Contact Center at 1115.