Bangkok--5 Mar--EXIM BANK
Export-Import Bank of Thailand (EXIM Thailand) recently launched an Investment and Production Efficiency Enhancement Credit Scheme, offering a long-term credit facility with a special interest rate of 2% per annum in the first 2 years, credit line of up to 100 million baht per entrepreneur and a maximum tenor of 7 years including a grace period of 1 year. The credit facility can be secured by a letter of guarantee from Thai Credit Guarantee Corporation (TCG) together with a personal guarantee. Free! TCG guarantee fee for 4 years and front-end fee, in conjunction with granting of forward contract. Being available from today until December 31, 2020, the service aims to encourage entrepreneurs in all industrial sectors to purchase and improve their machinery and equipment or factories in order to uplift production efficiency and add value to Thai export goods for greater competitive edge in the new global marketplace.