Students go through health and safety measures before going into a class at Matthayombanbangkapi School in Bang Kapi district. (Photo: Varuth Hirunyatheb)
The interest rate for the Student Loan Fund will be lowered to reduce the burden on borrowers, says permanent finance secretary Krisada Chinavicharana.
A draft law to amend the fund set the new interest rate at a maximum of 2%, down from the current maximum of 7.5%, he said.
The House of Representatives passed the first reading of the draft law. The House is expected to have a second and third reading this year.
Mr Krisada said the fund has never charged the maximum rate in its 20 years of existence, maintaining the rate at 1%.
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
