Published by
The Bangkok Post
The Bangkok Post
The interest rate for the Student Loan Fund will be lowered to reduce the burden on borrowers, says permanent finance secretary Krisada Chinavicharana. A draft law to amend the fund set the new interest rate at a maximum of 2%, down from the current maximum of 7.5%, he said. The House of Representatives passed the first reading of the draft law. The House is expected to have a second and third reading this year. Mr Krisada said the fund has never charged the maximum rate in its 20 years of existence, maintaining the rate at 1%. During the pandemic, the fund reduced the rate to 0.01% to allevia…
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