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SME D Bank helps SMEs in 4 southern provinces Flood victims Issuing measures to suspend early debt repayment and interest for 6 months

SME  D Bank helps SMEs in 4 southern provinces Flood victims
Issuing measures to suspend early debt repayment and interest for 6 months.

SME D Bank issued 2 urgent measures Help SME entrepreneurs in the 4 lower southern provinces: Songkhla, Yala, Narathiwat and Pattani affected by the floods. Existing customers grant the right to suspend payment of principal and interest for up to 6 months and fund emergency loans with ultra low interest. Used for circulation in business

Ms. NartNaree Rattapat, Managing Director Small and Medium Enterprise Development Bank of Thailand  or SME D Bank revealed that from the situation in the lower South. Affected by the northeast monsoon prevailing over Thailand and the Gulf of Thailand. Causing heavy rain in some areas Until there was a sudden flood Wild water flows, multiple soils, slides and windstorm, both directly and indirectly affect To the occupation of people and entrepreneurs in the lower south Especially in the areas of Songkhla, Yala, Narathiwat and Pattani, SME D Bank is very concerned with, therefore, has issued two urgent measures. Helping SME D Bank customers in these areas include

1. Measures to suspend debt settlement For term loans, the repayment of principal plus interest is not more than 6 months. The contract for working capital withdrawal, promissory note: P / N, issued measures to help suspend interest payments. For up to 6 months

   

And 2. Emergency credit measures for business rehabilitation To provide bank customers whose business is damaged to have funds for recovery and circulation Loan period of up to 5 years, grace period, no more than 1 year, interest rate at 4.99% per year throughout the contract period. The maximum credit limit per person is as follows: 1. Debtor with total approved credit limit not exceeding 1 million baht, loan amount not exceeding 5 hundred thousand baht 2. Debtor with total approved credit limit of more than 1 million baht but not exceeding 5 million baht, loan maximum not exceeding 1 million baht. 1 million baht and 3. Debtor with credit limit of more than 5 million baht, loan amount not exceeding 2 million baht, including the original amount not more than 15 million baht. And can use TCG’s collateral to guarantee only measures that increase not more than 2 million baht

SME D Bank has designated areas to help entrepreneurs affected by the disaster. Which is the province that has been affected by

   

In addition, for SME operators Both existing customers of SME D Bank and general if needing working capital Used for business recovery after the disaster has passed SME D Bank has prepared a special interest rate loan to support To enhance liquidity And working capital, such as “Extra Cash”, covering all businesses affected by COVID-19. Can borrow both natural person and juristic person. Maximum loan amount is 3 million baht per person. Interest rate starting at 3% per annum, fixed for the first 2 years, no collateral required.

In addition, the project “Enhancing Thai SMEs Liquidity” for applicants for liquidity enhancement SME D Happy, the maximum loan limit of 15 million baht, the initial interest rate of 4.25% per year, Smart SMEs loan, the maximum loan amount 15 million baht, the initial interest rate 5 % Per year and credit for raising the community economy The maximum loan amount is 5 million baht, the initial interest rate for a corporate entity is 2.875% per annum in the first 3 years and an individual 4.875% per annum in the first 3 years from now until February 28, 2021 will receive benefits. Reduces project analysis fees (Front End Fee) by 0.5%, helping operators reduce business costs even further. Interested in submitting your wish to receive various services at SME D Bank branches nationwide or ask for more information at Call Center 1357.

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