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SME Bank adds measures to help customers arrange full reduce stay extend installment increase Strengthen the business through the Covid-19 crisis Inviting to apply online

SME Bank adds measures to help customers fully “reduce – stay – extend – installment – increase”
Strengthen the business through the Covid-19 crisis Inviting to apply online

SME D Bank issued additional customer support measures Grant both rights “Reduce-Stay-Expand-Installment-Increase” to support customers’ business to survive the crisis through the Covid-19 Inviting request to join the measures online, both conveniently and securely

Small and Medium Enterprise Development Bank of Thailand (SME Bank), SME D Bank, as a state-owned specialized financial institution, is concerned and well aware of the suffering of customers who have affected business both directly and Indirectly from the outbreak of the Corona virus 2019 (Covid-19), including economic factors Therefore issued additional customer assistance measures According to the guidelines of the Ministry of Finance And the Bank of Thailand (BOT) under the name of measures “Reduce – Stay – Expand – Installment – Increase” to help customers mitigate the effects Reduce cost burden Can sustain the business to survive Acting employment Including being a protection against falling debt

For the said measures Covering all business groups affected by Covid-19 And economic factors Especially the tourism business group And related businesses open for both existing customers of SME Bank and general SMEs.

The Bank of Thailand considers the health, safety of customers and employees as a priority, therefore, to reduce travel risks. Entrepreneurs interested in joining the measure We invite you to report your desire to participate in online measures such as LINE Official Account: SME Development Bank, OSR (Online Service Request) or scan the QR Code or click on the banner of the Bank’s website (www.smebank.co.th) ) Or apply through the “SME D Bank” application, can be downloaded for both IOS and Android systems, etc. After the request is made, the next step is to specify personal information. And measures that require assistance, then the SME Bank will contact you back To carry them into measures For more information, please contact Call Center 1357.

For measures “Reduce – Stay – Expand – Installment – Increase” consists of 1. Reduction measures granting 1% interest reduction for 1 year for 5 business groups, consisting of 1. Hotel / hotel business 2. Spa business 3. Restaurant business / restaurant 4. Tour guide business and 5. Tourist transportation services in 22 major provinces, according to the Tourism Authority of Thailand (TAT), consisting of Bangkok, Nakhon Pathom, Nonthaburi, Samut Sakhon, Samut Prakan, Chachoengsao, Pathum Thani, Chon Buri, Phuket, Chiang Mai, Nakhon Ratchasima, Kanchanaburi, Krabi, Phra Nakhon Si Ayutthaya, Songkhla, Surat Thani, Prachuap Khiri Khan and Saraburi by able to add more Area, as appropriate, the customers can get lower interest rates. Must not be in the period of interest rate relaxation under the Cabinet’s resolution (Cabinet) and not in the Soft Loan Project

2. Suspension measures by automatically postponing the payment of principal and interest for 6 months for every customer with a credit line of no more than 100 million baht and with normal repayment status Or not more than 90 days past due as of December 31, 2019, effective from April 2020 onwards until completion of 6 months

However, customers do not have to submit a request. Or register at all during the delay payment Interest charged continuously But not combined with the principal To calculate interest

For repayment After the deadline has been delayed Customers can pay off debt in 3 ways as follows

(1) Pay in the final installment one time

(2) Distribution equally distributed in each installment

(3) extend the repayment period equal to the period of debt delay

(Which customer Want to pay in the method (2) or (3) before the due date Please inform the bank staff of the branch where you are using the service.)

3. Measures to extend repayment times In accordance with the ability to pay the debt up to 5 years.

4. Measures to ease debt repayment Which, during the accommodation, pays the principal Clients are also able to request a relaxation of interest payments.

And 5. Measures to increase capital with low interest To increase liquidity Through various credit programs such as

– Extra Cash loans for tourism business juristic persons, such as tour businesses, spa businesses, related transportation businesses (tour buses, buses, vans, taxis, tour boats, rental cars), tour companies, hotels, accommodations, and restaurants. 3 million baht per case Installments of up to 5 years. Interest rate at the first 2 years, 3% per year and 3-5 years at MLR + 1%. No collateral required.

– Credit to upgrade the community economy Interest starting at 3% per annum for the first 3 years

– Transformation Loan to strengthen (Soft Loan for machine change Phase 2) with fixed interest rates of 4% per annum throughout the 7 year project life.

– BOT soft loan for existing customers of the Bank of Thailand with 2% interest per year, 2-year loan period, with the first 6 months the government paying interest instead Loan amount not exceeding 20% ​​of outstanding balance as of 31 December 2019

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