Mr. Pichai Chunhavajira, Minister of Finance, Mr. Chulaphan Amornvivat, Deputy Minister of Finance And Mr. Paophum Rojanasakul, Deputy Minister of Finance, revealed that from the situation of the floods in many areas of the country. Both the north, north-east, central and south regions have damaged property and affected lives and livelihoods. Call and business activity of the people to a great extent, so that these problems are solved urgently Special financial institutions Therefore, financial measures have been implemented, including debt moratorium measures, interest reduction measures, and measures low interest loan. Provide support and relief to people affected by the flood situation. The main points of the project are as follows:
The Government Savings Bank has come up with emergency relief measures for flood victims, which include:
1) Debt moratorium measures For retail loan customers with a credit limit of no more than 10 million baht, they will receive a moratorium on principal payments and a 50 percent reduction in interest for a period of 3 months.
2) Low interest loan measures, 2 projects:
– Emergency loan program to help disaster victims The credit limit per person is not more than 10,000 baht The interest rate is 0.6 percent per month The loan period is not more than 15 months.
– Disaster Housing Loan Project The maximum loan amount per customer is 100 percent of the assessed value. Interest rates start at 2 percent per annum.
You can express your desire to take part in the measure through the Government Savings Bank website or by contacting a branch of the Government Savings Bank from now on.
The Bank for Agriculture and Agricultural Cooperatives (BAAC) has created measures to help disaster victims, including:
1) Debt moratorium measures
– If a debt is due or overdue for 0 -3 months, debt restructuring can be improved by extending the repayment period to no more than 20 years in case that the customer is unable to pay all outstanding interest. The grace period for principal repayment does not exceed 3 years, except for interest on the total amount. And if the customer is able to pay the outstanding interest of 20 percent, 50 percent of the principal will be foreclosed and 50 percent of the interest will be foreclosed.
– In the case of debts that do not generate income (Non-Performing Loans: NPLs) to improve the debt structure by extending the repayment period to a minimum of 20 years, which ‘ interest rate reduction for the entire amount. and reduce debt and interest burden by more than 70 percent when debt can be paid according to the new contract
2) Measures to increase liquidity and restore customers, worth 20,000 million baht, which include:
– Loan project for urgent expenses, year 2024/25, credit limit per person not exceeding 50,000 baht, MRR interest rate (currently MRR BAAC is 6.975 per year), loan period not exceeding 3 years , no interest payment in the first 6 months
– A loan project to restore and improve the quality of life The credit limit per person does not exceed 500,000 baht The interest rate is MRR – 2 per year The term of the loan is not more than 15 years.
You can express your desire to join the degree from now on.
The Government Housing Bank (GH Bank) has created relief measures for victims of natural disasters in 2024 to ease the suffering of public customers, which include:
1) Measures to reduce installments and reduce interest rates For current customers, the installment payment will be reduced by 50 percent from the regular installment payment. and reduce the interest rate on the loan to 2 percent per year for a period of 6 months.
2) Low interest loan measures For new or existing customers You can apply for additional loans or new loans to replace the existing building or repair damaged buildings. The credit limit per person does not exceed 1 million baht. Interest rates start at 2 percent per annum.
3) Debt settlement measures For customers who have been in arrears for more than 3 consecutive months or are in the process of restructuring their debt, the payment of interest and installments will -free for the first 6 months in the event of the customer’s death or permanent disability. Joint borrowers or heirs can continue to pay in installments at an interest rate of 0.01 per year for the remaining period If the entire home is damaged beyond repair, they can owe the to give up the property and continue to pay in installments only
4) Urgent compensation measures For customers who have a home fire insurance policy that covers natural disasters, claims (Fast Track) will be considered urgently as a special case.
You can apply to join the degree from today until 30 December 2024.
Thailand’s Small and Medium Enterprises (SME) Development Bank has taken steps to help customers affected by natural disasters, including:
1) Debt moratorium measures Suspension of principal repayment depending on the severity of the impact and the nature of each business.
2) Capital replenishment loan measures For business repair and rehabilitation through the Smile Biz project, Smile Business The maximum credit limit per person is 5 million baht interest rate starting at MLR – 1 percent per annum (the -currently MLR of SME Bank is 7.5 percent per annum).
You can express your desire to join the degree from now on.
The Export-Import Bank of Thailand (EXIM Bank) has created measures to help customers affected by the floods, divided into:
– Assistance measures for short-term loan amounts Extend the promissory note period up to 180 days, increase the temporary credit limit up to 20 percent of the original revolving credit limit. Does not exceed 2 million baht and convert short-term debt to long-term debt in installments up to 3 years.
– Assistance measures for long-term loan amounts Extend the loan term up to 7 years, reduce interest rates The first year, put down 0.50% or pay only 50% interest in the first 6 months and stop repayment priority for up to 1 year.
You can express your desire to join the measures through the EXIM Bank website from now on.
The Islamic Bank of Thailand (AOT) for existing customers affected by the disaster will receive a refund of principal. Pay only profit margin for a period not exceeding 6 months, with the period extended to not longer than the stop payment periodand exemption from compensation for default payments (Late Fee) to total until the account change date You can submit a request for membership the amount available from today.
The Small Business Credit Guarantee Corporation (TCG) has created measures to help TCG customers and debtors affected by the 2024 floods, which include:
1) Tax payment suspension measure: For TCG customers who are going to pay credit guarantee fees and guarantee management fees from August 23, 2024 to October 31, 2024, they can stop paying loan guarantee fees and guarantee management fees for a period of 6 months from the specified date
2) Measures to stop the payment of installments For TCG debtors who are currently paying installments according to the debt restructuring plan and are not delinquent in their payments, they can postpone the payment of installments for a period of 3 installments by requesting to join the project until September 30, 2024.
The Ministry of Finance believes that such measures will be able to help people cover all target groups, including farmers. small people And local entrepreneurs can reduce the cost burden and have working capital. able to restore the business Improving and repairing buildings, factories, and machinery to allow occupations and business operations to continue. Those affected can contact each specific financial institution to request assistance from now on The Ministry of Finance will keep a close eye on the situation and are ready to issue appropriate measures to take care to those affected in good time. So that people can return to their normal lives as quickly as possible and without any impact on the well-being of the people and continued economic activity on a large scale.
o Government Savings Bank, call 02 299 8000 or hotline 11115
o Bank for Agriculture and Agricultural Cooperatives Tel 02 555 0555
o Government Housing Bank, Tel 02 645 9000
o Small and Medium Enterprise Development Bank of Thailand, Tel 02 265 3000 or hotline 1357
o Export-Import Bank of Thailand Phone 02 169 9999
o Islamic Bank of Thailand, call 02 650 6999 or hotline 1302.
o Small Business Credit Guarantee Group, Tel 02 890 9999
2024-08-27 06:34:16
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