Government Savings Bank issued a Sai Thong loan, changing houses, land, orchards to a maximum loan of 10 million baht, used to enhance liquidity

Government Savings Bank issued a Sai Thong loan, changing houses, land, orchards to a maximum loan of 10 million baht, used to enhance liquidity under the campaign ‘Loan this year, pay installment next year’, free of principal-interest payments for the first 6 months.

on September 20 Mr. Withai Ratanakorn, Director of Government Savings Bank revealed that in order to help alleviate the burden of expenses under the epidemic situation of COVID-19 especially the repayment of various debts at high interest rates The bank has opened a loan. Saithong Multipurpose Loan to enhance fluency or used to redeem mortgage loans for consumer use from other financial institutions which eases the use of various types of securities as collateral for loans under the campaign “Loan this year, pay next year”, where the first 6 months do not require payment of principal and interest In order to relieve worries about expenses during the time that we are still facing the Covid-19 situation when borrowing from the Government Savings Bank

Mr. Withai said that the Sai Thong Multipurpose Loan It is a loan that can turn existing assets into cash to help increase liquidity in an emergency by using houses, land, plantations, farms or condos that are free from mortgage as collateral. Maximum loan amount of 10 million baht, repayment period of up to 25 years, free of principal and interest payments for the first 6 months, 7th-24th month, installments of only 5,500 baht per million per month, after that, the interest rate is MRR (currently the GSB’s MRR is 6.245%) or The average interest rate is 3 years, only 4.914% per year. In the case where the borrower wishes to take out life insurance to protect the credit limit according to the bank’s criteria

Under the said campaign, the borrower must be approved and complete the legal contract by December 30, 2021. You can contact and apply for a loan at any GSB branch nationwide from now on. or study details at the Government Savings Bank website www.gsb.or.th , facebook : GSB Society or ask for more information at the GSB Contact Center at 1115.