Bangkok: Bangkok Bank has launched measures to assist customers affected by flooding in the South and invites them to contribute to flood victims through the Volunteer Friends in Need (Por Ror.) Foundation, the Thai Red Cross Society, the Disaster Relief Fund, the Chaipattana Foundation, and the Songklanagarind Hospital Foundation. Bangkok Bank Public Company Limited has announced that it has launched relief measures for customers affected by flooding in the southern region, specifically for business loan customers.
According to Thai News Agency, the bank is implementing initiatives such as relaxing debt repayment terms to accommodate the debtor's situation. These measures include reducing installment amounts, extending repayment periods, and temporarily waiving principal payments for up to 12 months. Additionally, the bank is providing support for large business loans to enhance short-term liquidity and assist in repairing and rehabilitating businesses, including offering SME business loans with a loan period of up to 5 years and a fixed interest rate starting at 3.5% per year for the first two years under the GSB Boost Up Soft Loan Project.
For retail loan customers, Bangkok Bank has prepared various measures to ease debt repayment conditions based on the severity of the impact. For credit card holders, the bank is offering reduced debt repayment rates by lowering the minimum overdue interest from the normal rate by 3% for up to 12 months, reducing outstanding interest by up to 75% for no more than 3 billing cycles, and offering debt restructuring options. Personal loans under supervision, such as the Bua Luang Sukjai Loan, will see interest rate reductions by 1% or postponed principal payments for up to six months.
Home loans, mortgage loans, and personal loans will also benefit from measures such as reduced monthly installments by up to 40% for a maximum period of 12 months and options to suspend principal payments while still paying interest for up to six months. Furthermore, the bank is supporting new customers and additional loan applications with the Bualuang Poonphol Loan, offering special interest rates and free survey and collateral appraisal fees for home repairs.
Customers affected by the floods can apply to participate in the relief program by December 30, 2025, through various bank channels. For more information, they are encouraged to visit the bank's website or contact the Bangkok Bank Call Center.
The bank also invites the public to assist flood victims by donating through several foundations, including the Volunteer Friends in Need (Por Ror.) Foundation, the Thai Red Cross Society, and the Chaipattana Foundation. Donation details and contact information for obtaining receipts for tax deductions are provided to encourage participation in this relief effort.