Including SME loan promotions from each bank. Which one should you choose? We compare them for you.

This is good news at the beginning of the year because most banks have been gradually releasing SME loan promotions since the beginning of the year. Plus, the conditions are very flexible and understand the hearts of SME entrepreneurs the most. Because it focuses on helping businesses in the Covid-19 era that have been affected by the business. For any readers who are looking for a loan with good conditions, don’t click through yet. M Creation would like to present this article first….

Krungthai Bank, medium-sized business loan promotion

• Medium-sized business loan is a loan that provides the lowest interest rate starting at only 4% with free TCG insurance fee for the first 4 years. Entrepreneurs with sales of 100 million baht or more will receive a special credit line of all types up to 100 million baht with a maximum repayment period of 10 years.

Loan applicant conditions : SME entrepreneurs with more than 3 years of business experience and have passed a credit bureau check . For more details, click here.

• Small Business Loan is a loan product for paying taxes to the Revenue Department. For individuals, the interest rate starts at 5% and for juristic persons, the interest rate starts at 4%. The maximum repayment period is 7 years. The maximum loan amount is 15 million baht ( not exceeding the tax amount to be paid to the Revenue Department ). In addition, the collateral must be land with buildings. In the case of no collateral, the SME Bank guarantees the full amount.

Loan applicant conditions: Individual entrepreneurs or juristic persons and must pass a credit bureau check. In addition, there must be no history of financial damage, not in the process of debt restructuring or no history of bankruptcy. For more details, click

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Kasikorn Bank, small and medium-sized business loan promotion

• Small and medium-sized business loans in the Multipurpose SME Loan Project, which provides a long-term loan of up to 3 million baht and a maximum repayment period of 15 years, with an interest rate starting at MRR + 3% per year. The collateral must be vacant land or land with buildings. Customers who run online sales businesses can also apply for this loan.

Loan applicant conditions : Individual entrepreneurs or juristic persons must submit copies of documents to apply for additional loans. For more details, click here.

• Small and medium-sized business loans in the Single Account Loan project where you can borrow up to 30 million baht in the long term with a maximum repayment period of 30 years and an interest rate starting at MRR + 1% per year. The collateral must be submitted as a business. This loan is suitable for entrepreneurs who want to pay in installments over a long period at a low interest rate.

Loan applicant conditions: Business operators who are juristic persons and have prepared accounts and financial statements that are consistent with the actual condition of the business. In addition, they must have at least 2 years of business experience and a good financial history according to the criteria set by the bank. For more details, click here.

Export-Import Bank of Thailand

• Small and Medium Enterprise Loan Program under the name of Export Loan for Happiness Measure , where you can borrow a maximum of 700,000 baht per person in the long term, and in the case of existing Exim Bank customers, you can request an additional credit limit of up to 1 million baht (including the original credit limit). It also provides an interest rate of 5.50% in the first year and a Prime Rate interest rate of -0.50% in the following years.

Loan applicant conditions : Business operators who are juristic persons and have passed the credit bureau check. They must not have any other credit lines with the Bank, apart from the EXIM Happy Credit line. For more information, click here.

• Small and medium-sized business loan program under the name of EXIM Low Interest Measures to help those affected by the Covid-19 outbreak by providing loans at a low interest rate of 2.00% per year in the first year, with a maximum loan amount of 20 million baht per person and a maximum repayment period of 7 years (Grace Period of no more than 1 year) and free! 2-year TCG guarantee fee for SME entrepreneurs. They can use personal or corporate collateral as guarantors (minimum collateral of 40%). They can also use TCG as a co-guarantor.

Loan applicant conditions: Business operators who have been directly or indirectly affected by the outbreak of the coronavirus (COVID-19). For more details, click here.

savings bank

The Small and Medium Business Loan Program is a special program set up to provide relief to businesses affected by COVID-19. It is a low-interest loan program that helps SMEs borrow up to 500,000 baht without the need for collateral for tourism, Thai spa massage, supply chain, and homestay groups. The repayment period is no more than 5 years, with a 1-year grace period for principal repayment, and an interest rate of 3.99% per year.

Loan applicant conditions: Entrepreneurs who are natural persons or juristic persons registered in the country in which Thai nationals hold more than 50 percent of the registered capital, or are businesses related to tourism and supply chains such as restaurants, spas, Thai massage, tour vehicles, guesthouses, hostels, etc., and have been directly or indirectly affected by the COVID-19 outbreak. For more details, click.

https://www.youtube.com/watch?v=6pASuFxap5Q

Overview of the COVID-19 situation in the second wave, even though it has created problems that affect businesses again, there is still a good thing that SME entrepreneurs still have assistance measures from the bank, which has released the measures just in time. Follow more articles that are useful for your business at Click