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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