Bangkok: SME D Bank has announced a significant reduction in interest rates, lowering them by up to 0.25% annually, to aid Thai small and medium-sized enterprise (SME) entrepreneurs in bolstering their resilience across varying economic conditions.
According to Thai News Agency, Mr. Pichit Mitrawong, the Managing Director of the Small and Medium Enterprise Development Bank of Thailand (SME D Bank), unveiled this initiative as part of the Bank’s commitment to support Thai SMEs in line with the policies of the Bank of Thailand (BOT) and the Monetary Policy Committee’s (MPC) resolutions. The reduction in interest rates is applicable to all loan types, aiming to lessen financial burdens on SME entrepreneurs while stimulating economic activity. Effective from August 15, 2025, the Minimum Retail Rate (MRR) for prime retail customers will drop from 7.575% to 7.325% per annum, the Minimum Overdraft Rate (MOR) will decrease from 7.40% to 7.20% per annum, and the Minimum Loan Rate (MLR) will be reduced from 7.25% to 7.10% per annum.
This marks the third interest rate cut of 2025 by SME D Bank, targeting continued support for SMEs, especially those vulnerable to various challenging factors such as economic downturns, natural disasters, trade taxes, and border conflicts. The objective is to help these businesses sustain operations amidst these adversities.
In tandem with the rate reductions, SME D Bank is retaining its current deposit interest rate. This approach aims to provide organizations, institutions, government bodies, state enterprises, and the private sector with stable and secure high-yield deposit options.
Moreover, SME D Bank is offering special low-interest loan products to facilitate easier access to affordable loans for SMEs. These products feature an interest rate of just 3% per annum, fixed for the first three years, with repayment terms extending up to 10 years. The loan programs include the “SME Green Productivity” loan with a maximum of 10 million baht, the “SME Empowerment” loan with a maximum of 1.5 million baht, and the “Beyond SME Wings” loan with a maximum of 15 million baht, each designed to meet the diverse needs of SMEs.
Additionally, SME D Bank is enhancing the capabilities of SME entrepreneurs through the “Capital Partner Development” service via the DX by SME D Bank platform. This service aims to boost competitiveness and ensure business stability and sustainability in all economic scenarios. Entrepreneurs can access these services through SME D Bank branches nationwide or online platforms such as LINE Official Account: SME Development Bank and the website www.smebank.co.th. For further details, the Call Center can be reached at 1357.