10 January 2021 | by Bangkok Business Online
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Reveal details of the measures “debt reduction” and “repayment” from “BAAC” to help borrowers affected by “COVID-19”
Bank for Agriculture and Agricultural Cooperatives or “BAAC” issued project measures “Helping customers”, the Bank who has been affected by “COVID-19” and as a New Year gift is divided into 2 projects: 1) “Good repayment, repayment for loans classified as normal” and 2) “Reduce debt burden for NPL debt or with outstanding interest over 15 months” With details of help as follows
1. “Good repayment, good repayment for normal loan classification
Project conditions
Customers with regular loans No outstanding balance Just come to pay the debt at BAAC and get your money back!
– Farmers and individuals Receive a 20% cash back of the actual paid interest, but not more than 5,000 baht per person.
– group of people Farmer Group, Juristic Person Cooperative Village Fund And urban communities (Except for non-agricultural cooperatives and organizations), receive 10% of the actual paid interest, but not more than 50,000 baht per person.
– Project duration 1 December 2020 – 31 March 2021
– Credit limit of 3,000 million baht and which conditions will expire first
2. Project “Reduce Debt for NPL Debt or Have Interest Outstanding over 15 months”
Project conditions
– Farmers and individuals Get a 20% cash back of the actual interest paid.
– group of people Farmer Group, Juristic Person Cooperative Village Fund And urban communities (Except for non-agricultural co-operatives and corporations), receive 10% of the actual interest paid.
– Project duration 1 December 2020 – 31 March 2021
- Those who cannot join the project
Loan contract borrowers under the project who receive interest compensation under the government policy, non-corporate co-operatives and loan agreements specified by the BAAC, such as loans under Regulation No. 35, subject to the conditions set by the Bank.
- Ask for more information
For more details Or have questions For more information, please contact Bank for Agriculture and Agricultural Cooperatives nationwide or call 02 555 0555
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