11 August 2023
Miss Duangkamol Limpuangthip (left), Krungsri Head of SME Banking Group and Mrs. Chulida Tanpetcharat (right), Krungsri Head of Commercial Credit Products Division, introduce a new SME "Bao Sabuy” loan to reinforce the liquidity of SMEs. The new loan is designed to reduce business expenses in light of rising interest rates, offering special interest rates that start from MLR-1.0% for the first six months, applicable for loans up to 50 million baht, with a maximum tenor of up to 12 years for customers who submit the application within 31 Oct 2023, along with special privileges.
Bangkok (11 August 2023) - Krungsri (Bank of Ayudhya PCL.) continues its commitment to support Thailand’s SME entrepreneurs with the introduction of the "Bao Sabuy” loan to reinforce SMEs’ financial liquidity. The new loan is designed to reduce business expenses in light of rising interest rates, offering special interest rates starting from MLR-1.0% for up to 50 million baht loan, spanning up to a maximum tenor of 12 years. The campaign is available for SMEs to apply within October 31, 2023, along with promotional services to help scale businesses.
Miss Duangkamol Limpuangthip, Krungsri Head of SME Banking Group said "As we witness the recovery of Thai economy, a need to curb inflation results in the continued rise of interest rates among the more fragile SMEs who need capital and liquidity to fuel growth and expansion. As a trusted partner for SMEs, Krungsri recognizes such impact and introduces the “Bao Sabuy” loan to help SMEs access long-term funding at more reasonable interest rates for better financial liquidity and without a rise in monthly expenses to allow strong growth ahead.”
Mrs. Chulida Tanpetcharat, Krungsri Head of Commercial Credit Products Division said "The introduction of “Bao Sabuy” loan demonstrates our commitment to ease financial burdens for SMEs. The loan offers a minimum special interest rate of MLR-1.0% for the first six months; businesses can borrow up to 50 million baht with a maximum tenor of 12 years against collaterals on a term loan or promissory notes (P/Ns). Krungsri also offers special privileges for SMEs that match business needs with fast, easy and convenient transactions to capture bustling opportunities such as waiver on sign-ups and annual fees on Krungsri Biz Online (KBOL), a digital banking platform for SMEs, special fees starting at only 1.50% for Merchant Solutions, a special FX transaction discount on 9 currencies when transacted through SWIFT on KBOL, and a free Krungsri Business Link platform that helps to seek out new trading partners.”
“Krungsri is committed to supporting business customers with a variety of products, services, business knowledge, fostering business opportunities to allow customers to overcome challenges and grow sustainably,” Miss Duangkamol concluded.
For more information, contact Krungsri’s Relationship Managers or Krungsri Business Center at 02-626-2626. Terms and conditions are subject to notifications and regulations provided by the Bank.