Krung Thai Bank and Kasikorn Bank have adjusted their terms in response to the crisis experienced by customers who have been hit by flooding.
Krung Thai Bank would offer a grace period on loans, and no interest rate charges for the first three months. They said they would cut the interest rate 0.25 per cent for the fourth and 12th months for home loan customers. The bank will also offer personal-loan customers to suspend payback loan for the first three months. Small and medium enterprises (SMEs) will get a 1 per cent reduction on the interest rate and loan payback extended for six months.
Kasikorn Bank has offered to suspend loan payback for up to 12 months for its customers whose businesses have been impacted by the floods.