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BAAC opens an emergency loan registration technique for 10,000 baht, with 0.1% interest per month for farmers. Or those who are not yet clients of BAAC loans
Apirom Sukprasert, Manager of the Bank for Agriculture and Agricultural Cooperatives (BAAC), revealed that BAAC has organized a project to support an emergency loan of 20 billion baht for farmers and farm families. To help reduce the burden and emergency on the family during the Covid virus epidemic. For loan details, the project will release a loan limit of no more than 10,000 baht, with interest rates of 0.1% per month (10 baht ), repayable within 2 years and 6 months from the date of the loan. No guarantee is required. The fee can be divided according to the repayment capacity, as in the case of 429.17 baht per month for 3 months and 1,287.50 baht for 6 months and 2,575 baht for 6 months without repayment of the principal and interest in the first 6 months after the loan.
Enrollment for a loan can be done as follows.
1. Request the Official line “BAAC Family” looking for friends by ID: @baacfamily
- (If you don’t have your own smartphone instead, it can be used via someone’s smartphone nearby)
2. Click on the menu “COVID-19 to register and receive help from BAAC” to login.
In the case of being a BAAC loan client, you can do only 6 steps as follows:
1. Prepare information for registration
- Identification number
- Borrower’s BAAC Deposit Account Number
2. Study the terms of use and click “Accept”.
3. Enter personal information
4. Save data in the loan application and the payment period.
5. Verify the information and confirm. The registration reference number will be sent by SMS.
6. Wait for a bank appointment.
Starting May 7, 2020, the bank will begin making appointments for documents and contracts.
Read content related to BAAC emergency loans here.
