Check conditions “Good innovation loan with capital” BAAC gives a maximum loan of 300,000 baht.

2023-06-11 13:26:00

BAAC issuing credit “Good innovation with capital” supports farmers and individuals to expand their business with innovation. Give a maximum loan amount of 3 hundred thousand baht, interest rates start at 4%, check the conditions.

Bank for Agriculture and Agricultural Cooperatives (BAAC) reports that BAAC is ready to support capital expenditures / investment costs. farmer customers or guests with a clear plan or business plan Ready to expand with innovation or technology to increase production efficiency With well-innovative credit products with a maximum loan of 300,000 baht, interest rates starting at 4% per year, the BAAC has set the conditions for well-innovated loans with funds as follows:

Borrower’s qualifications

• Be a farmer or a general person
• Have a clear business plan
• have experience in their own business for a considerable period of time
• Use technology and innovation in your career.

condition

• requires technology or innovations in occupations such as drip irrigation systems, intelligent housing systems hydroponic growing system
• Use the application to plan production, receive orders from customers, etc.

loan collateral

• Land mortgages can borrow up to 95% of the mortgage amount.
• Guaranteed by 2 persons, can borrow up to 300,000 baht
• 5 or more people guarantee Can borrow up to 300,000 baht
• TCG can be used as a guarantor.

interest rate

• borrow for expenses The interest rate is 4% per year.
• Borrowing for investment expenses, year 1-3, the interest rate is 4% per year, and from the 4th year onwards, charge MRR.

installment period

• borrow for expenses Pay according to the source of income (monthly, three-month, six-month or once-a-year installments) for a maximum period of not more than 12 months.
• borrowing for investment Remit payment according to the source of income (monthly, three-month, six-month or annual installments The maximum repayment period is not more than 10 years)

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