Jump to content

GSB offers Bt50,000 low interest loans to informal debtors


snoop1130

Recommended Posts

Screenshot-2023-11-29-123744-1024x532.png

 

The Government Savings Bank has announced the introduction of a program of credits, to address the problem of debts owed by Thai people who have borrowed from informal lenders.

 

Under the program, informal debtors can borrow up to 50,000 baht from the GSB, repayable within five years, or 60 instalments, at a fixed interest rate of 0.75 percent to settle their informal debts.

 

The borrowers must, however, meet certain requirements, such as having a job, being between 20 and 65 years of age, including the five-year maximum repayment period.

 

Full story: Thai PBS 2023-11-29

 

- Cigna offers a range of visa-compliant plans that meet the minimum requirement of medical treatment, including COVID-19, up to THB 3m. For more information on all expat health insurance plans click here.

 

Get our Daily Newsletter - Click HERE to subscribe

Link to comment
Share on other sites

21 minutes ago, hotchilli said:

More debt?

An interesting question. The bank is owned by the government and managed by the MoF but functions under BoT banking laws. Their balance sheet is subject to BoT scrutiny and rules but their debt doesn't form part of the government budget. It seems this may be off balance sheet debt that isn't including in the

total, at least I can't see it in the 2022 budget.

 

https://dmcrth.dmcr.go.th/attachment/dw/download.php?WP=rUqjMT04qmqZG22DM7y04TyerPMjBT01qmIZAJ1CM5O0hJatrTDo7o3Q

 

 

  • Thumbs Up 1
Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • Recently Browsing   0 members

    • No registered users viewing this page.


  • Topics

  • Latest posts...

    1. 1

      Racism or "just" bad behavior at Pattaya City Hospital?

    2. 1

      Racism or "just" bad behavior at Pattaya City Hospital?

    3. 1

      A Radical Experiment: How Elon Musk Could Shake Up Washington

    4. 0

      The Guardian Steps Back from Elon Musk’s Platform X Amid Content Concerns

    5. 0

      Metropolitan Police Chief Warns of Drastic Budget Cuts Under Labour

    6. 0

      Labour’s Business Backlash: How Tax Hikes and Policy Shifts Are Straining Corporate Ties

  • Popular in The Pub


×
×
  • Create New...