Central bank issues debt relief measure to slash Thais’ interest burden

29 August 2020
The Nation
Banking and financial services
debt consolidation / debt relief / interest rate

The Bank of Thailand on Thursday issued a new debt relief measure aimed at reducing Thais’ interest rate burden from 16-25 per cent to 5.5-8.8 per cent.

The debt consolidation measure will allow borrowers to bundle their credit card, personal and mortgage loans into one sum, Thanyanit Niyomkarn, assistant central bank governor said on Thursday (August 27).

Keep reading…

 The Nation Reporter

Ask Question
Report Problem
Share Idea
Send Feedback
Submit Resources

Do you have questions on the content published by Open Development Thailand? We will gladly help you.

Have you found a technical problem or issue on the Open Development Thailand website?

Tell us how we're doing.

Do you have resources that could help expand the Open Development Thailand website? We will review any map data, laws, articles, and documents that we do not yet have and see if we can implement them into our site. Please make sure the resources are in the public domain or fall under a Creative Commons license.

View | Delete

File was deleted

ERROR!

Please add the code:

* The idea box couldn't be blank! * The email address is not valid! Something's gone wrong, Please Resubmit the form! Please add the code correctly first.

Central bank issues debt relief measure to slash Thais’ interest burden

Contact us

Thank you for taking the time to get in contact!