BANGKOK (NNT) - Official pawn shops in Bangkok will reduce their interest rates for three months from April 1 to June 30 in anticipation of high cash demand as schools are expected to reopen on May 15.

Bangkok Metropolitan Administration (BMA) deputy permanent secretary Wanlaya Watthanarat said BMA estimates that parents and students who have suffered from the Covid-19 fallout will need financial support in the coming months.

She said the 21 official pawn shops in Bangkok will therefor reduce their interest rates for Bt5,000-Bt100,000 worth of items pawned, from a progressive rate starting from Bt1 to a flat rate of 50 satang per month.

To be eligible for the flat rate interest, applicants who are students are required to present their student ID card, while applicants who are parents must present a student ID of their children as well as evidence proving they are the parent.

-- © Copyright NNT 2021-03-19

 

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If the government would subsidize schools and pay for the supplies, books and clothing during these trying times then more families could save their hard earned goods.

15 hours ago, snoop1130 said:

 Official pawn shops in Bangkok will reduce their interest rates for three months from April 1 to June 30 in anticipation of high cash demand as schools are expected to reopen on May 15.

How considerate.

At  this time of Year when Schools reopen, many Thai parents find the financial burden of new Uniforms, Books, Shoes, and of course the  School Tuition fees extremely difficult.

Even in more affluent times these costs can be very high, and the Government should be looking into some kind of subsidy for the Children to continue learning, as I fear that many will now miss out on Schooling due to the shortage of Money in Households badly affected by Covid Etc.

16 hours ago, ThailandRyan said:

If the government would subsidize schools and pay for the supplies, books and clothing during these trying times then more families could save their hard earned goods.

Not to mention cutting back on the variety of uniforms students need. A different one for each day of the week I believe...