Mr. Arit Nanthawitthaya, Chief Executive Officer and Chairman of the Executive Board of Thai Commercial Bank, stated that the impact of the COVID-19 pandemic has severely affected all sectors of business. The bank is actively seeking ways to provide assistance to support and sustain all SME customers in continuing their operations as best as possible.

This time, the bank is ready to respond immediately to government measures by suspending both principal and interest payments for a period of 6 months for all SME business customers with credit limits not exceeding 100 million baht. The bank will implement this debt suspension for this group of customers starting from April 2020 onwards.

This initiative aims to alleviate the financial burden on entrepreneurs. At the same time, to enhance liquidity for businesses with credit limits not exceeding 500 million baht, the bank also offers a soft loan support measure with an interest rate of 2% per annum for a duration of 2 years.

During the first 6 months, no interest will be charged as the government will cover the interest burden during this period on behalf of the entrepreneurs. New soft loans can be requested for up to 20% of the outstanding debt as of the end of December 2019 to help entrepreneurs maintain financial liquidity for ongoing business operations.

All SME customers with credit limits not exceeding 100 million baht will automatically receive a 6-month debt suspension without needing to contact the bank, effective from April 2020 onwards.

For customers wishing to apply for a soft loan, requests can be made from April 7, 2020, to September 30, 2020, through their relationship manager,
or the SCB Business Call Center at 02 722 2222,
or at any Thai Commercial Bank branch nationwide,
and scbsme.scb.co.th.