Credit card debtor – cash card, hey! Retail Bank of Thailand help Extend the number of periods – reduce interest.
Mr. Ronadon Numnon, Deputy Governor, Financial Institutions Stability Bank of Thailand (BOT) or National Bank Said the BOT asked financial institutions to Specialized Financial Institutions And business operators that are not financial institutions (Financial service providers) expedite help with debtors To mitigate the effects of such situations There are guidelines to help as follows. 1. Debt restructuring, such as reducing installment payments, credit extension Reduce interest rates, etc. 2. Increase working capital. And enhance liquidity 3. Relieve other conditions For SME receivables With credit limit not exceeding 100 million baht under the Softloan Act Will have to delay the payment of debt first
Mrs. Vireka Santaphan Senior Director The BOT Specialist Financial Institutions Supervision and Audit Department said that retail debtors can apply for assistance until June 30, 2021 from the original due date on December 31, 2020. Self help Or employers or business owners can apply for assistance on behalf of the debtor, for example 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.
Ms. Virekha said that for retail debtors, the assistance is divided as follows: 1. Credit card, convert to long-term loans for 48 installments or extend the repayment period. Reduce the minimum installment rate According to the ability to pay the debt Or switch to 48 installments of long-term loans or extend repayment periods Interest not more than 22% 3. Personal loan with installments. And car registration loan Reduce the installment payment at least 30% with an interest rate of not more than 22%.
4. Hire Purchase (No limit) deferred payment of installments (Ton money and interest) 3 months or reduce installments by extending the repayment period. 5. Home Loan (No limit) deferred payment of installments (Principal and interest) 3 months or postpone the principal payment for 3 months and consider reducing the interest as appropriate. Or reduce the payment by extending the repayment period
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