Machine Fund- low interest rate loans for Bangkok Bank SME customers
Bangkok Bank, in cooperation with the Office of Small and Medium Enterprise Promotion (OSMEP), is offering loans at three percent less than the market rate for machinery upgrades. This means if your current rate is MRR or 7.75% per annum, you will only pay interest of 4.75%, a saving of nearly 40%.
To be eligible for the Machine Fund the purpose of your investment will be one of these criteria:
To improve the efficiency of existing machinery or to install new machines.
To improve, maintain, install, or replace parts or some mechanical systems of your existing machines.
To install new machines or new control systems in the production process.
Terms and Conditions
You must be an existing Bangkok Bank SME customer and have a business plan to improve the machinery in your production line.
The Office of Small and Medium Enterprise Promotion (OSMEP) will absorb 300 basis points of the interest rate on the loans each year for a period of five years.
The OSMEP will absorb interest to a maximum amount of Baht 5 million.
You will need to pay the project appraisal fee, the asset appraisal fee, loan administration fee and other fees as applicable.
After the five-year period ends you will be required to pay the market interest rate in full.
For further information, please contact your nearest Bangkok Bank Business Center or the OSMEP’s website www.sme.go.th
