snoop1130 Posted November 22, 2021 Share Posted November 22, 2021 BANGKOK, Nov 22 (TNA) – The Bank of Thailand allowed debtors to refinance and consolidate debts to reduce their loan interest burdens so that they can survive the COVID-19 crisis. BOT assistant governor Roong Mallikamas supervising the Financial Institutions Policy Group said the central bank supported financial institutions in consolidating mortgage and retail loans to help the debtors who had good repayment discipline or were affected by COVID-19. In this case, collateral from mortgages can be used to reduce interest and installments for a long period. Full Story: https://tna.mcot.net/english-news-828872 -- © Copyright TNA 2021-11-22 - Whatever you're going through, the Samaritans are here for you - Follow ASEAN NOW on LINE for breaking COVID-19 updates Link to comment Share on other sites More sharing options...
Tropicalevo Posted November 22, 2021 Share Posted November 22, 2021 Erm. Masks? Link to comment Share on other sites More sharing options...
Cake Monster Posted November 23, 2021 Share Posted November 23, 2021 15 hours ago, snoop1130 said: collateral from mortgages can be used to reduce interest and installments for a long period. Many Thai Mortgages are already at 35 Years payback time This just appears to be another BOT directive that stops all the bad Debt going into special Situation Loans and NPL, which will help maintain the Countries Credit Rating. Link to comment Share on other sites More sharing options...
Stocky Posted November 23, 2021 Share Posted November 23, 2021 Why is this Southern Thailand news exactly, is the south anymore indebted than anywhere else in Thailand? Link to comment Share on other sites More sharing options...
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