(How Does Money Lending Interest Work) Banks offer no-interest appliance loans - Nation Multimedia
Five government and commercial banks have begun offering interest-free loans, repayable over 12 months, for customers purchasing energy-saving electrical appliances. The loans are financed by a Bt1-billion Energy Ministry programme aimed at encouraging consumers to change out old electrical equipment that consumes too much electricity for new appliances with energy-consumption label No 5. The banks who will lend the government funds are the Government Savings Bank (GSB), the Bank for Agriculture and Agricultural Cooperatives (BAAC), Krung Thai Bank (KTB), Bank of Ayudhya (BAY) and Bangkok Bank (BBL). The GSB is the only bank that will allow walk-in applications for loans to buy any kind of energy-saving equipment at any branch. Learn more
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