Thailand’s Government Savings Bank Launches New Loans to Promote Renewable Energy

Credit: Markus Winkler/Pexels

The Government Savings Bank (GSB) has taken a major step towards reducing global warming by introducing two new loan products aimed at promoting the use of . The GSB Go Green loan for individuals and GSB for BCG Economy loan for managed businesses have been launched to support the installation and purchase of equipment that reduces pollution, such as solar cells, solar rooftops, EV chargers, electric vehicles, and energy-saving electrical appliances.

The loans offer a fixed interest rate as low as 1.99% and instalments as low as 199 baht per hundred thousand per month. This makes it easier for borrowers to access financing for renewable energy projects that can have a positive impact on the environment. The President of the Government Savings Bank, Mr Withai Rattanakorn, emphasized the importance of promoting renewable energy to reduce greenhouse gas emissions, which is a major cause of global warming.

By introducing these loans, the GSB is supporting the Thai government's efforts to reduce carbon emissions and promote sustainable development. The bank is also encouraging individuals and businesses to take responsibility for their environmental impact and make a positive contribution to the fight against climate change.

Interested parties can contact any branch of the Government Savings Bank nationwide or visit their website for more information. It is hoped that this initiative will inspire other financial institutions to follow suit and introduce similar loan products to promote renewable energy use and reduce global warming. With the collective effort of individuals, businesses, and governments, we can make a significant impact on the environment and create a sustainable future for generations to come.

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