SCB joins ‘soft loan with low interest rate’ to support SMEs

Siam Commercial Bank supports the government sector in helping Thai SMEs access loans through the soft loan project, aiming to increase liquidity for entrepreneurs and increase their competitiveness to overcome all economic challenges. The bank provides a maximum credit line of 40 million baht with a low interest rate of no more than 3.50% per year, with a target of no less than 10 billion baht in loans through the project. Mrs. Pikun Srimahan, Senior Executive Vice President, Chief Executive Officer, SME Business Group, Siam Commercial Bank, said that the overall picture of the Thai economy in the next phase will still face challenges from the fragility of domestic demand, as some SME entrepreneurs are still affected by the uneven economic recovery and have difficulty accessing loans with low financial costs. Siam Commercial Bank is ready to support Thai SMEs to return to strength and become the main cog in driving the economy. Therefore, it has joined the government's soft loan project by providing loans to SMEs to invest in new projects or increase liquidity for existing businesses to create strength and flexibility for their businesses. In this soft loan project, the bank aims to provide loans of no less than 10 billion baht, with a credit line of no more than 40 million baht per person. Entrepreneurs can apply for both long-term and short-term loans, promissory notes (P/N), with an interest rate of no more than 3.5% per year for the first two years, and a maximum repayment period of 10 years. Interested entrepreneurs, both current and new customers, can apply for a loan from today until December 30, 2025 or contact for business information via SCB SME Business Call Center at 02-722-2222 or your business relationship manager or at https://scbsme.scb.co.th /. -511-Thai News Agency Source: Thai News Agency