Bangkok: Krungthai Bank is accelerating financial assistance measures to alleviate hardship, reducing interest rates, reducing debt repayment installments, lending, and repairing damaged property. Mr. Payon Srivanich, President of Krungthai Bank, revealed that from the major earthquake incident on the afternoon of March 28, 2025, which had a widespread impact in many areas of the country, causing damage to lives, property, occupations, and livelihoods of customers, the bank has therefore issued financial assistance measures.
According to Thai News Agency, the bank has introduced measures to ease the burden of current loan customers. For home loans and SSME business loans, the bank has reduced installments by 75% of the current installments for one year. The interest rate has been lowered to 0% per year for the first three months, followed by a fixed interest rate of 2.5% per year for the next 33 months, making a total special interest period of three years. Personal loan installments have been reduced by 75% for one year, with a fixed interest rate of 4.5% per year applied for three years.
For SME business loans, Krungthai Bank is providing comprehensive assistance, including interest rate reduction, installment payment reduction, principal payment suspension, interest-only payment, and contract period extension, among other measures. The bank will assess each customer's situation to tailor the assistance appropriately, taking into account the impact of the earthquake, the economic situation, and anticipated business income recovery.
In terms of loans for business rehabilitation and home repair, the bank offers a top-up home loan, home loan for cash, and SSME business loan (Term Loan) at a fixed interest rate of 0% per year for three months. After that, a fixed interest rate of 2.5% per year is applied for the next 33 months. Personal loans (Term Loan) have a fixed interest rate of 4.5% per year for three years. SME Business Loans (Term Loan) have a seven-year term with an interest rate of 3.5% per year for the first two years, followed by MLR-1% per year.
Krungthai Home Loan customers and those who have purchased fire insurance from the bank can verify their coverage and file claims with the relevant insurance companies. Customers are advised to contact their Business Relationship Manager for personalized assistance, and the bank will consider appropriate support in line with each customer's circumstances. For more details on home fire insurance, customers can visit the Krungthai website.