Bangkok – The government is encouraging credit card and personal loan customers, who are facing financial challenges due to the pandemic, to accept relief measures offered by their banks or credit companies.
The Bank of Thailand has coordinated with the Legal Execution Department, the Ministry of Justice and 22 financial providers to offer more relaxed payback terms for credit card and personal loan customers, based on 3 different customer groups.
Non-performing loan (NPL) clients, who have court judgements against them with the legal execution process underway, will be offered principle only payment schemes for 3-month, 3-year and 5-year periods. Customers who are able to complete payments…
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