Krungsri rolls out loan for SMEs' larger investments

They can get up to $4.47m with a special interest rate of 3.5% for the first two years.

Bank of Ayudhya (Krungsri) has launched the “Krungsri SME Power Up” loan, offering financing of up to $4.47m (THB150m) for capacity expansion, machinery, digital technology, and environmentally friendly projects.

The Krungsri SME Power UP loan offers small and medium enterprises (SMEs) a special interest rate of 3.5% per annum for the first two years of the loan, and a repayment period of up to seven years.

The loan aims to support medium-sized SMEs undertaking larger-scale investments and seeking higher financing to strengthen their competitiveness, said Duangkamol Limpuangthip, head of SME Banking Group at Krungsri.

Target industries include tourism, healthcare, smart electronics, wholesale and retail, logistics, agriculture, and agro-processing, the Thailand-based bank said.