Government Savings Bank reduces interest on small loans to 6.845 percent.

Bangkok, Government Savings Bank reduced the MRR interest rate to 6.845 percent, the lowest in the banking system. Move forward to reduce the burden on the people During the trend of high interest rates As the government under the leadership of Mr. Settha Thavisin, Prime Minister, has assigned orders to state financial institutions. Supporting the government policy in reducing the financial burden of the people, Mr. Kritsada Chinavicharana, Deputy Minister of Finance Has issued a policy for the Government Savings Bank to hold the standard interest rate until the end of 2023. Recently, the Government Savings Bank announced a reduction in retail loan interest rates (MRR) after keeping the standard interest rate low until the end of last year. Therefore, the MRR interest rate has been announced from the original 6.995 percent reduced to 6.845 percent, effective from now onwards. To help alleviate the financial burden of the people during this period until there is a change. This is the lowest MRR interest rat e in the banking system at this time. MRR interest rate or Minimum Retail Rate is the reference loan interest rate. Used for retail loan customers They are the main customer group of the bank. By announcing the reduction of the MRR interest rate this time, the Bank aims to help people in a situation where they have to bear more financial costs for their livelihood. It is considered to support government policy. and consistent with the mission of the Bank for Society. Source: Thai News Agency