TMBThanachart Introduces 'Stand Firm' Measures to Assist Loan Customers Affected by Floods with Payment Relief and Extended Repayment Periods
TMBThanachart is concerned for all customers affected by the flooding situation in various regions across the country. We are committed to assisting our customers during these challenging times to ensure they maintain good financial health and liquidity even in crises. We have launched the 'Stand Firm' measures to support customers impacted by the floods, covering retail loan customers, TTB Drive auto loan customers, and business loan customers. The measures include:
For Retail Loan Customers:
- Home Loans, Personal Loans, and Unsecured Welfare Loans without collateral
• Reduce monthly payments to 70% for 3 months, or
• Pay only interest for 3 months, or
• Pay a minimum of 20% of the monthly installment for 3 months.
- Credit Cards and Cash Withdrawal Cards
• For credit cards, reduce interest to 12% and allow repayment of outstanding amounts for up to 84 months.
• For cash withdrawal cards (Flash Card), reduce interest to 22% and allow repayment of outstanding amounts for up to 84 months. Additionally, for customers severely affected, the bank offers further support measures, including a 3-month payment suspension for both principal and interest.
For TTB Drive Auto Loan Customers:
Customers affected by flooding, such as those with residences, workplaces, or businesses in areas designated by the government as disaster zones, etc.
- New Car Loans, Used Car Loans, and Car Title Loans
• Suspend payments for up to 2 months (including any overdue payments), or
• Reduce monthly payments or extend the repayment period, or other appropriate measures.
• In cases of overdue payments, they must not exceed 60 days from the date of application for assistance.
- Car Title Loans with Reduced Interest Rates
• Suspend payments for up to 2 months.
• Maximum interest rate not exceeding 22%, and reduce monthly payments by up to 70% for a period not exceeding 3 months.
• In cases of overdue payments, they must not exceed 30 days from the date of application for assistance.
Customers seeking assistance can check for more information and register for the measures at the website https://www.ttbbank.com/th/tang-luk from today until November 30, 2022, with conditions and approval criteria as determined by the bank.
For Business Loan Customers:
The assistance measures cover all customers, including small entrepreneurs, SMEs, large businesses, large business auto loan customers, and special financial management customers, to enable them to continue their professions or businesses. Support is provided to customers directly or indirectly affected by disasters, such as those with partners or customers who have been affected.
• Long-term loans: Customers do not need to pay principal, only regular interest payments for up to 6 months.
• Short-term loans: Extend payment periods or renew for up to 6 months.
TTB business customers can apply for the measures through their business relationship managers or contact the TMBThanachart Business Customer Service Center at 0 2643 7000 from Monday to Saturday, 08:00 – 20:00, excluding public holidays and bank holidays, to apply for the measures from today until September 30, 2023.
TMBThanachart stands ready to support all customers facing challenges in any situation, aiming to enhance their financial lives and ensure sustainable business growth.