Krungsri Auto helps Thai flood victims with payment deferrals

By THE NATION

 

 

Krungsri Auto, a subsidiary of the Bank of Ayudhya, is offering help to flood victims in the Northeast and the North by alleviating the financial burdens of affected customers.

 

Pairote Cheunkrut, Head of Krungsri Auto Group, said: Krungsri Auto has introduced the ‘Krungsri Auto Falood Relief 2019’ programme to lighten the burdens of affected people in flooded areas, subject to Krungsri Auto’s conditions.

 

The customers of all products of Krungsri Auto are eligible to defer payments for up to six months free of any overdue payment fee and fine. If flooding affects their income, they can also have their instalments reduced by up to 40 per cdent. Krungsri Auto is also lending a helping hand by offering its ‘Car4Cash’ to support affected customers’ liquidity.

 

The loan-to-value ratio will be offered at up to 100 per cent and customers will have as long as 90 days before the first instalment with an unchanged interest rate. The offer is valid for loan application from September 16 to December 30, 2019.

 

“Krungsri Auto extends best wishes to those affected people to get through this serious flooding. We hope that assistance solutions from Krungsri Auto will effectively relieve customers’ troubles.

 

Source: https://www.nationthailand.com/news/30376243

 

-- © Copyright The Nation Thailand 2019-09-16

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Seem like the private sector and the general public are doing more for the victims of the serious flooding in the NE than the government.