Ms. Chomphunuch Pathomporn, Managing Director of Land and Houses Bank Public Company Limited (LH Bank)<\/span> announced that the bank is concerned and ready to support all customer groups affected by the COVID-19 pandemic. The bank has expedited assistance for affected customers to provide liquidity loans and defer principal and interest payments in accordance with the measures from the Bank of Thailand.

       In recent times, LH Bank<\/span> has implemented various measures to continuously assist customers, and this assistance is an additional measure from the government and the Bank of Thailand to enable customers to continue their business operations. The assistance measures will not incur any fees, as follows:    

  • Measure 1:<\/u><\/span> A six-month deferment of principal and interest payments from April 2020 to September 2020 for SME business customers with a credit limit not exceeding 100 million baht to help maintain liquidity for essential expenses.
  • Measure 2:<\/u><\/span> Additional loan support to enhance liquidity for SME business customers with a credit limit not exceeding 500 million baht.

- Customers can borrow up to 20% of the outstanding debt as of December 31, 2019.
- Interest rate of 2% for 2 years with no interest for the first 6 months.

 

      The bank is fully committed to helping customers navigate this situation successfully and believes that these additional assistance measures will alleviate the impact and reduce the financial burden on customers, ensuring that businesses can continue to operate.

Customers can contact their account managers for advice on assistance measures<\/span> or for more information, please call 1327.<\/span><\/strong>

 

Source: Land and Houses Bank Public Company Limited (LH Bank)<\/span>