GSB launches cheap loans for the poor
No collateral needed for 10,000-baht loan
Government Savings Bank (GSB) is launching a low-interest loan that does not require collateral, aiming to help low-income earners prop up their liquidity, says bank president Vitai Ratanakorn.
He said the move is in line with the government’s policy of mitigating the prolonged impact of the pandemic on low-income individuals.
The loan will only be available via the bank’s MyMo mobile banking app.
Customers can borrow up to 10,000 baht with a monthly interest rate of 0.35%. The bank offered a similar package in 2020-2021 during Thailand’s Covid-19 lockdowns.
The loan does…
