Bangkok: EXIM BANK responds to the Ministry of Finance to relieve interest burden for SMEs starting or expanding export businesses. Interest rates start at 5.75% per year. Participate in all activities to get a special interest rate discount of 0.25% per year. Mr. Itthipol Lertsakthanakul Deputy Managing Director The Export Bank of Thailand (EXIM BANK) said that EXIM BANK along with executives of state-run specialized banks jointly announced 'State banks reduce first. Relieve people's burdens' by offering a variety of products. Helps increase liquidity and reduce financial cost burden for Thai entrepreneurs of all business sizes and all industry groups. Including adjusting the business towards sustainability to increase competitiveness on the world stage as follows: Products to support business growth for entrepreneurs EXIM First Step Export Financing, working capital. Interest rates starting at 5.75% per year (Prime Rate -1.00% per year) for small enterprise operators (Size S) in all industrial groups in terested in exporting or importing for export. Maximum credit limit 10 million baht. Special interest rate reduction of 0.25. % per year in the first year in case of registering to participate in various activities of EXIM BANK EXIM Export Ready Credit, a long-term investment to circulate in the business and enhance liquidity for entrepreneurs. Every size and every industry group Interest rates starting at 4.75% per year (Prime Rate -2.00% per year), maximum credit limit 20 million baht. For environmentally friendly business operators, they will receive an interest discount of 0.25% per year in the first year. Products to support adaptation to a digital society and green businesses EXIM Green Start loans, working capital to enhance liquidity in business operations of all business sizes and all industry groups. Focusing on entrepreneurs who operate environmentally friendly businesses or have environmental projects that have already been implemented. Interest rate starting at 4.50% per year (Prime Rate -2. 25% per year), maximum credit limit 200 million baht, special interest reduction of 0.25% per year in the first year in case of registering to participate in various EXIM BANK activities. EXIM Better Rubber Export Financing provides working capital for purchasing rubber and enhancing liquidity for entrepreneurs in the rubber industry. Interest rates starting at 4.25% per year (Prime Rate -2.50% per year) maximum credit limit of 200 million baht for entrepreneurs who have standards, marks or verification of origin. (Traceability) as determined by the Rubber Authority of Thailand (RAOT), will receive an interest discount of 0.75% per year throughout the project period. EXIM Extra Transformation Loan Long-term investment to assist entrepreneurs in accessing capital for purchasing or improving machinery and equipment, adding on, improving, or constructing factory buildings. Buy robots and automation systems Interest rates starting at 5.25% per year (Prime Rate -1.50% per year) Entrepreneurs who participate in the project to develop the robot and automation industry to raise their competitive potential to enter Industry 4.0 or invest in the special development zone project area. Eastern (EEC) will receive an interest discount of 0.50% per annum in the first year. In addition, EXIM BANK has ongoing assistance measures for SMEs that are NPLs during COVID-19. (According to government policy) Option 1 in the case of paying principal and interest. Interest reduction of 0.50% per year for 3 months or in the case of choosing to pay only the principal. Suspension of interest payment for 3 months, 2nd option in case of being able to repay debt according to the conditions normally for 3 consecutive installments. Suspension of principal repayment. Ready to reduce interest by 1.00% per year for 1 year. EXIM BANK is ready to stand by and support Thai entrepreneurs to have liquidity in their business operations. Relieve debt and business costs and adapt to be able to compete sustainably in the world trade arena that is full of challenges and new business opportunities. For more details, please contact the EXIM Contact Center, Tel. 0 2169 9999 Email: contactcenter@exim.go.th. Source: Thai News Agency