Govt Savings Bank 'Back-to-School Loan' at 0.60%/month, no collateral

MGR Online•Economy•21d ago

Reader Briefing

Government Savings Bank introduces a new low-interest loan to assist parents with back-to-school expenses.

•Government Savings Bank is offering a 'People's Bank Loan Back-to-School' targeted at parents.
•The loan features a low fixed interest rate of 0.60% per month and requires no collateral.
•Applications are open from May 8 to July 31, 2026, via the MyMo app or bank branches.

•During the back-to-school period, parents face significant financial burdens amidst economic volatility and tight household liquidity.
•Government Savings Bank aims to alleviate educational expenses for school uniforms, books, and supplies.
•The initiative seeks to reduce reliance on informal loans and support continuous education for children and youth.
•The 'People's Bank Loan Back-to-School' has a total project budget of 1,000 million THB.
•The loan amount is a maximum of 10,000 THB per person, with a repayment period of 1 year (12 installments).
•Monthly repayment is approximately 894 THB, covering principal and interest.
•The interest rate is a low fixed rate of 0.60% per month.
•Applications are accepted from May 8 to July 31, 2026.

Full article content is available on the original source.

Government Savings Bank(ธนาคารออมสิน)ℹ️

A state-owned financial institution in Thailand offering the 'Back-to-School Loan'.

MyMo

The mobile application used for applying to the Government Savings Bank's 'Back-to-School Loan'.

Songphol Cheevapinyaroj(นายทรงพล ชีวะปัญญาโรจน์)

The Director of the Government Savings Bank who announced the new loan program.

People's Bank Loan Back-to-School(สินเชื่อธนาคารประชาชนต้อนรับเปิดเทอม)

A specific loan product offered by the Government Savings Bank to help parents with educational expenses.