Thai Credit Bank Public Company Limited responds to economic stimulus measures by signing a memorandum of cooperation for the Portfolio Guarantee Scheme PGS Phase 11 (PGS 11) 'Strengthening SMEs' with a budget of 50 billion baht in collaboration with the Small Industry Credit Guarantee Corporation (SICGC) to enhance the strength and liquidity of micro and small enterprises, enabling them to operate sustainably and securely. The signing ceremony was presided over by Mr. Phai Phumi Rojanasakul, the Deputy Minister of Finance, who also took a photo with Mr. Sitthikorn Direksunthorn, the Director and General Manager of SICGC, along with representatives from 18 financial institutions on July 11, 2024.

Mr. Nathas Kritwaranont, Assistant Managing Director (FEVP) of the Micro SME Business Management Group at Thai Credit Bank, representing the bank at the signing ceremony, stated, "Thai Credit Bank reaffirms its commitment to stand by micro and small businesses during these challenging economic times, both domestically and internationally. The PGS 11 loan guarantee scheme will enable the bank to provide more funding support to entrepreneurs, allowing SMEs and micro SMEs to continue their operations securely. Additionally, the bank is offering a special interest rate promotion for the SME loan program to micro and small business customers, both secured and unsecured, to provide options that meet their needs."

The loan promotion SME Bold Max offers a fixed interest rate of 3.99% per annum for the first 6 months for loans not exceeding the collateral value, followed by a fixed rate of 6.99% per annum from months 7 to 24. From month 25 onwards, the interest rate will be floating, starting at MRR*-2.05% per annum, with a maximum of MRR*+0.19% per annum (currently between 8.10%-10.34% per annum). For loans exceeding the collateral value (up to twice the value), a fixed interest rate of 0% will apply for the first 3 months, followed by a fixed rate of 9.99% to 11.99% per annum from months 4 to 12, and a floating rate starting at MRR*+0.19% per annum, with a maximum of MRR*+3.20% per annum (currently between 10.34%-13.35% per annum).

For the SME Bold Over 100 loan, a fixed interest rate of 0% will apply for the first 3 months, followed by a fixed rate of 13.99% per annum from months 4 to 12, and a floating rate of MRR*+4.70% per annum from month 13 onwards (currently at 14.85% per annum). The SME Bold Full Speed loan (for corporate customers only) offers a fixed interest rate of 0% for the first 3 months, followed by a fixed rate of 13.99% per annum from months 4 to 12, and a floating rate of MRR*+6.70% per annum from month 13 onwards (currently at 16.85% per annum). The promotion period runs from July 1 to August 31, 2024.

*The current interest rate for prime retail customers (MRR) at Thai Credit Bank is 10.15% per annum (effective from October 12, 2023) and may change.

Micro and small business operators interested in the SME Bold loan can find more details on the website www.thaicreditbank.com or contact the Call Center at 02 697 5454.