GSB adds 5 billion baht to EV loans; solar rooftop pending

Prachachat•Economy•6d ago

Reader Briefing

Government Savings Bank increases its electric vehicle loan ceiling by 5 billion baht while preparing a separate fund for solar rooftop loans.

•Government Savings Bank increased the EV loan limit by 5 billion baht, bringing the total to 10 billion baht.
•The EV loans operate under the original conditions of the Soft Loan project.
•The first phase of 5 billion baht for EV loans was fully utilized due to high interest.
•A new loan fund for solar rooftops is being developed using Government Savings Bank's own funds.

Overview

•Government Savings Bank increased the loan limit for purchasing electric vehicles by 5 billion baht, totaling 10 billion baht.
•The increase follows the full utilization of the initial 5 billion baht phase of the Soft Loan project.
•During the first round, loans were distributed at 500 million baht per bank.
•Songpol Chewapanyaroj stated that the additional 5 billion baht loan focuses only on electric vehicles and excludes chargers.
•The loan for solar rooftops is currently awaiting final conclusions and details.
•The solar rooftop loan will be a new fund from Government Savings Bank and is not part of the Soft Loan project.
•Songpol Chewapanyaroj noted that solar rooftop loans may provide fewer savings for those spending less than 3,000 baht per month on electricity.
•Songpol Chewapanyaroj mentioned that future project phases will not request additional budgets from the emergency decree loans.

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Key Quotes

Songpol Chewapanyaroj

"The overall picture of soft loans is good. As for the EV loans with the additional 5 billion baht limit, we must wait for entrepreneurs, banks, and lenders to withdraw first."

ภาพรวมสินเชื่อซอฟต์โลนโดยรวมดี ส่วนสินเชื่อรถอีวีที่เพิ่มวงเงินไปอีก 5 พันล้านบาทนั้น ต้องรอด้านผู้ประกอบการ ธนาคารและผู้ให้สินเชื่อมาเบิกก่อน ถ้าหมดค่อยว่ากันใหม่

Key Entities

Organization

Government Savings Bank(ออมสิน)

A bank providing loans for electric vehicles and solar rooftops.

Government Housing Bank(ธนาคารอาคารสงเคราะห์)ℹ️

An organization ready to support the energy transition loans along with Government Savings Bank.

Person

Songpol Chewapanyaroj(ทรงพล ชีวะปัญญาโรจน์)

The Director of Government Savings Bank.

Policy

Soft Loan Project(โครงการสินเชื่อดอกเบี้ยต่ำ (Soft Loan))

A low-interest loan project used for electric vehicle financing.

Law

Emergency Decree on Loans(พระราชกำหนดเงินกู้)

A legal decree regarding loans from which future project phases will not request additional budgets.