Investment

The Government Savings Bank of Thailand offers emergency loans to flood victims

GSB said that home-related loans have a low interest rate of MMR-1.25% per annum and customers can offer their house, apartment, land or farm as collateral, provided they are unhindered. .

The Thai Government Savings Bank (GSB) offers emergency loans for people affected by flooding from typhoon Dianmu in 26 provinces in the Northeast and Central regions.

According to the GSB, those with houses or properties damaged by the floods can get a home repair loan of up to Bt1 million at 0% interest in the first year. Homeowners can also apply for an additional loan of up to 300,000 baht to buy or repair furniture and other accessories damaged by the flooding.


GSB said that home-related loans have a low interest rate of MMR-1.25% per annum and customers can offer their house, apartment, land or farm as collateral, provided they are unhindered. .

The bank also increased the loan limit for existing SME customers affected by the flooding by 10%, but not to exceed 5 million baht. The interest rate in the first year will be fixed at 3.5%, while next year will be set in MLR. Loan information and applications are available at any GSB branch or by contacting the call center at 1115. (NNT)


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