Bank of Thailand Release measures to remedy the impact of COVID 19, extending the time to help retail debtors What details are there?
January 12, 2021 Bank of Thailand – Bank of Thailand A promotional message has been posted that The National Bank is now extending the period for small debtors to apply for assistance until June 30, 2021 and allows financial service providers to expedite assistance to all types of debtors. (Retail receivables, SMEs and large business receivables) as appropriate with the type of credit and the risk of the debtor.
To mitigate the effects of the situationCOVID 19 New Ripple, National Bank asks financial institutions, specialized financial institutions And business operators that are not financial institutions (Financial service providers) expedite help with debtors With details as follows
1. Extend the time for small debtors to apply for assistance until June 30, 2021 (from the original due date on December 31, 2020) whereby the debtor can apply for assistance by himself or by employers and business owners. Can apply for assistance on behalf of the debtor, such as in the case of welfare loans Which requires consent from the debtor who is an employee or employee In order to obtain assistance from the debtor in an efficient and timely manner.
2. Let financial service providers expedite assistance to all types of debtors. (Retail receivables, SMEs receivables and large business receivables) as appropriate with the type of credit And taking into account the risks of the debtor Classified by nature of business and affected areas Which has different guidelines as follows
2.1 Debt restructuring such as reducing installments, extending debt repayment periods Renew the credit limit or keep the limit Change the type of debt from short-term loans to long-term loans. Be free from temporary principal and / or interest payments Reduce the interest rate below the market rate, etc.
2.2 Provide additional working capital and liquidity
2.3 Consider postponing debt repayment for SMEs debtors with credit limit not exceeding 100 million baht under the Soft Loan Act.
2.4 Relax other conditions as appropriate.
The debtor who needs assistance can contact the following channels.
– Directly contact the Call Center of each financial service provider.
– Call 1213, National Bank’s Financial Consumer Protection Center
– Expressway to solve debt Website 1213.or.th And can read all detailsGet it here
Thanks to information from Facebook Bank of Thailand – Bank of Thailand–
