BANGKOK. Loan shark debtors received help from the state savings bank, which offers them low-interest loans to relieve their burden. The government savings bank offers low-interest loans that people can use to pay off illegal debts, but not to refinance their bank debts.
The GSB is providing low-interest loans of a maximum of 50,000 baht with a maximum repayment period of five years to customers who may currently be in debt to illegal moneylenders elsewhere.
The GSB charges a monthly interest rate of 0.75 to 1.00% for its low-interest loan, which is provided specifically to pay off its illegal debts.
However, such low-interest loans cannot be used to refinance outstanding loans that GSB customers may still have with the bank, he said.
According to Ministry of Interior Undersecretary Sutthipong Chulcharoen, a total of 140,516 people have so far claimed to owe a total of 118 billion baht to a total of 109,951 illegal moneylenders in all provinces of the country.
Loan shark debtors received help from the state savings bank, which offers them low-interest loans to relieve their burden. The government savings bank offers low-interest loans that people can use to pay off illegal debts, but not to refinance their bank debts.
A total of 12,768 debtors have so far successfully negotiated settlement of illegal debts totaling 667 million baht.
The government’s anti-loan sharking campaign involves compromise negotiations between indebted people and loan sharks, with government officials acting as intermediaries to pay off the debts in full.
The debt settlement market is held at least once a month at the provincial office of the Department of Provincial Administration and at least once a week at the district office of the national authority.
2024-02-10 09:46:12
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