Government Savings Bank Offers Assistance to Debtors Affected by COVID-19 Crisis
Government Savings Bank (GSB) has recently announced measures to support individuals during the ongoing COVID-19 crisis. Under the initiative “Loans for Expenses for Self-Employed Individuals Affected by COVID-19,” GSB provides a credit limit of up to 10,000 baht per person, totaling 20,000 million baht, to aid in the fight against COVID-19. This financial assistance serves as temporary liquidity for those who faced income loss due to previous crises. In August 2023, GSB extended the loan program, allowing individuals affected by COVID-19 to apply for assistance until October 2024.
However, with the economic situation still in recovery and living costs on the rise, income levels and debt repayment capacities have been affected. To provide relief to debtors impacted by the COVID-19 crisis, the Government Savings Bank has implemented new measures. Under this program, debtors with Non-Performing Loan (NPL) status (account 21) will have their credit returned to normal status. These measures include waiving all interest charges, reducing outstanding interest amounts, and applying the paid funds towards the entire principal amount.
The COVID-19 Disaster Relief Loan Project
Debtors can begin repayment with installments as low as 100 baht per month for the first six payments, and 300 baht per month for the next six payments.
Moreover, the payment period has been extended until October 2024. We encourage all loan debtors affected by COVID-19 to register for these support measures through the MyMo channel or www.gsb.or.th. Alternatively, debtors without MyMo can register via the bank’s website, www.gsb.or.th, until December 31, 2023.
Register for Government Savings Bank With Covid fighting loans, help NPL debtors pay installments starting at 100 per month. Bring your account back to normal. Extended payment period until October 2024.
Mr revealed Withai Rattanakorn, Director of the Government Savings Bank, that the Government Savings Bank, as before, has announced measures to help people during the crisis of the outbreak of COVID-19. under the project “Loans for expenses for self-employed people affected by COVID-19” with a credit limit of no more than 10,000 baht per person, a total credit limit of 20,000 million baht, and a loan to fight COVID-19. The credit limit does not exceed 10,000 baht per person The total credit limit is 10,000 million baht to temporarily increase liquidity for people who had no income during the previous crisis. In August 2023, the bank extended the period for taking part in the loan project. provide expenses for self-employed people affected by COVID-19 until October 2024.
However, because the economic situation is still starting to recover. In addition, the cost of living tends to increase. It affects the income and ability to repay the debtor’s debts. Therefore, to help fix the credit of debtors affected by the COVID-19 crisis, (Debtor on account 21) with NPL status returned to normal debt status. The Government Savings Bank has announced measures. “No interest will be charged Reduce all outstanding interests. and take the money paid to write off the entire principal amount.”
For the COVID-19 disaster relief loan project
The debtor starts paying in installments of only 100 baht per month for installments 1-6, installments 7-12 pay in installments of 300 baht per month.
The payment period has been extended until October 2024. So we invite loan debtors to fight against COVID-19. Register to apply for these support measures in the MyMo channel or www.gsb.or.th. For debtors who do not have MyMo, they can register through the bank’s website. www.gsb.or.th From now until 31 December 2023
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