GSB debt moratorium and recovery loans for flood victims

Khaosod•Economy•2d ago

Reader Briefing

Government Savings Bank introduces a 3-month automatic debt moratorium and multiple emergency loan packages to assist flood victims in Northern Thailand.

•Government Savings Bank offers an automatic 3-month debt moratorium with no interest for qualifying flood victims.
•Four distinct loan packages are available for emergency expenses, occupational recovery, home repairs, and SME business support.
•Eligible debtors include those residing or working in disaster areas declared by the Department of Disaster Prevention and Mitigation.
•SME loan applications must be submitted by September 30, 2026.

Overview

•Flooding in several Northern Thailand areas is beginning to subside and enter the recovery phase, though damage to homes and businesses persists.
•Government Savings Bank implements an automatic 3-month debt moratorium where the bank waives all interest incurred during the period.
•Emergency loans for disaster victims provide up to 20,000 baht with no collateral and a flat rate of 0.60% per month starting from the fourth month.
•Occupational recovery loans offer up to 50,000 baht with 0% interest for the first 3 months and a 0.50% monthly flat rate thereafter.
•Small-scale recovery loans for equipment provide up to 300,000 baht with 0% interest for 3 months and 15.00% annually thereafter.
•Home recovery loans offer up to 1 million baht with 0% interest for 3 months, followed by rates of 2.00% and MRR-based rates over 4 years.
•GSB SMEs Recharge loans provide up to 30 million baht for businesses with starting interest rates of 2.99% per year for the first two years.
•Business loan applications for GSB SMEs Recharge must be submitted by September 30, 2026.

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Key Entities

Organization

Government Savings Bank(ธนาคารออมสิน)

A bank providing debt moratoriums and various recovery loans to flood victims.

Department of Disaster Prevention and Mitigation(กรมป้องกันและบรรเทาสาธารณภัย (ปภ.))

The government agency responsible for declaring disaster areas.

Person

Songpol Chewapanyaroj(ทรงพล ชีวะปัญญาโรจน์)

The Director of Government Savings Bank.

Place

Northern Thailand(ภาคเหนือ)ℹ️

The region where the flood situation is beginning to subside.

Policy

GSB SMEs Recharge(ออมสิน SMEs Recharge)

A loan program for flood-affected businesses to improve premises or provide liquidity.