GSB Announces 3-Month Automatic Debt Suspension for Flood Victims

MGR Online•Economy•1d ago

Reader Briefing

Government Savings Bank introduces automatic debt suspension and various credit lines to assist flood victims in Northern Thailand.

•Government Savings Bank provides a 3-month automatic debt suspension with no interest for eligible flood-affected debtors.
•Government Savings Bank offers four types of emergency and recovery loans for individuals and SMEs with varying credit limits.
•Eligible debtors are those with residences or businesses in disaster areas declared by the Department of Disaster Prevention and Mitigation.
•Business loans under the GSB SMEs Recharge program must be applied for by September 30, 2026.

•Flood situations in several Northern Thailand areas are easing and entering the recovery phase, but damage to homes and businesses continues to affect residents.
•Government Savings Bank implements an automatic debt suspension for 3 months where the bank waives all interest incurred during this period.
•Eligible debtors for the debt suspension will be notified by Government Savings Bank via SMS or letter.
•Government Savings Bank provides an Emergency Loan for Disaster Victims with a maximum limit of 20,000 Baht and no collateral required.
•Government Savings Bank offers a Disaster Victim Assistance Loan up to 50,000 Baht and a Small-scale Recovery Loan up to 300,000 Baht.
•Government Savings Bank provides a Home Recovery Loan for disaster victims with a maximum limit of 1 million Baht.
•Government Savings Bank offers the GSB SMEs Recharge loan up to 30 million Baht for business recovery, with applications open until September 30, 2026.
•Government Savings Bank previously delivered over 1,500 GSB Care Bags containing essential consumer goods to victims in Nan Province.

Full article content is available on the original source.

Songphon Cheewapanyarot(ทรงพล ชีวะปัญญาโรจน์)

Director of Government Savings Bank.

Government Savings Bank(ธนาคารออมสิน)

A bank providing debt suspension and recovery loans to flood victims.

Department of Disaster Prevention and Mitigation(กรมป้องกันและบรรเทาสาธารณภัย)

The agency responsible for declaring disaster areas to determine loan eligibility.

Nan(น่าน)

A province where Government Savings Bank delivered relief bags to flood victims.

GSB SMEs Recharge(ออมสิน SMEs Recharge)

A loan program for businesses to repair establishments or increase liquidity with a limit of 30 million Baht.