GSB suspends debt repayment of 1 million customers from COVID
Date 06 May 2021 at 14:12
GSB launches voluntary measures to suspend principal payments through MyMo starting May 11, ’64, which is expected to help borrowers reduce monthly burden of more than 1 million.
Mr.Withai Rattanakorn, Director of Government Savings Bank, revealed that after the Cabinet meeting (Cabinet) on May 5, 2021 approved financial measures to aid and mitigate the impact of the Coronavirus 2019 (COVID) epidemic. -19) Regarding the suspension of debt settlement measures of Specialized Financial Institutions By providing an extension of the suspension period for debt repayment for retail customers Out until December 31, 2021 as a voluntary basis
The Government Savings Bank has issued assistance measures to reduce the burden of monthly installments. And mitigate liquidity problems for bank credit debtors who have been affected by the COVID-19 epidemic by allowing the debtors to voluntarily take measures to hold the principal repayment Pay only interest Covers all types of loan receivables. Both retail and business loans There are approximately 1 million qualified debtors who can enter the project. Moreover, any debtor needs additional assistance from the suspension of principal payment. The bank may consider appropriate assistance measures on a case-by-case basis. This measure is a supplementary measure to resolve outstanding debt problems. The bank has been working since December 1, 2020 to help the debtor who was severely affected and unable to pay the debt according to the original installment. In the past, more than 500,000 people have participated in the project.
In this regard, Government Savings Bank credit customers can request a temporary suspension of principal payment measures. You can also choose your own debt repayment plan through the MyMo application from 11 May – 30 June 2021. For business loan receivables with a loan limit of more than 10 million baht, you can contact the bank branch. For more information, please contact Government Savings Bank Call Center, Tel. 1115.