Bangkok: The Bank for Agriculture and Agricultural Cooperatives (BAAC) has announced a reduction in loan interest rates by up to 0.10% per year, effective from April 1, 2026. This decision is part of an effort to ease the financial burden on small-scale farmers and support economic recovery.
According to Thai News Agency, the BAAC's revised rates align with the policy interest rate. The overdraft rate (MOR) has been decreased by 0.10% per year, bringing it to 6.025% annually. Meanwhile, the prime retail lending rate (MRR) has been reduced by 0.05% per year, now standing at 6.575% annually. These adjustments are intended to lessen the interest expenses for farmers, provide economic support, and address the business challenges posed by natural disasters and US tax measures.