Bangkok: BAAC has announced a collaboration with ‘Good Money’, a subsidiary of Government Savings Bank, to provide loan services through the Good Money application.

According to Thai News Agency, starting today, July 15, this partnership marks the introduction of a Digital Lending service with a comprehensive Digital Credit Guarantee. This initiative facilitates ‘Digital Loan Guarantee’, enabling users to track their loan application status conveniently and swiftly. The collaboration aims to assist ‘vulnerable groups’, including Micro SMEs, in accessing loans more easily. This is achieved through the SME Micro Biz guarantee project, which offers a starting credit limit of 10,000 baht, with no guarantee fee for the first three years and a subsequent fee of 1.5% per year from the remaining guarantee amount. The guarantee period extends up to seven years, with applications open from July 15.

Small and medium-sized enterprises interested in this opportunity can apply for loans and guarantees through the Good Money application by visiting the link https://goodmoneybygsb.go.link/4c69w or the LINE OA: @tcgfirst. The SME Bank provides tools to assess financial health and offers free consultations without any expenses. Additionally, they recommend the ‘Nano Good Money SME Bank’ channel for loan applications. For further details, interested parties can contact the SME Bank Call Center at 02-890-9999. Borrowers are advised to only take out loans that are necessary and within their repayment capability.