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Floods

Krungthai Bank Offers Relief Measures for Flood Victims in the North

Strategic Insights

— 1 min read

Krungthai Bank, a Thai financial institution, has implemented various measures to alleviate the suffering of individual and SME customers affected by the recent flood in the North. The bank's Chief Risk Officer, Mr. Ekkachai Techawiriyakul, revealed that the flash floods caused widespread damage to property, occupations, and livelihoods of customers and the general public. In response, the bank has issued financial measures to help flood victims, including reducing interest rates, installment payments, and providing emergency funds to increase liquidity for living expenses.

Key Takeaways:

  • Krungthai Bank has implemented measures to help individual and SME customers affected by the flood in the North, including reducing interest rates and installment payments.
  • The bank has reduced installments by 75% of the current installments for 1 year and reduced interest to 0% per year for 3 months on home loans and SSME business loans.
  • Personal loan installments have been reduced by 75% of the current installments for 1 year, and interest has been reduced to a fixed interest rate of 4.5% per year for 3 years.
  • SME business loans provide assistance, including interest rate reduction, installment payment reduction, principal payment suspension, and contract period extension.
  • Business customers can contact their Business Relationship Manager (RM) to coordinate appropriate assistance.
  • The bank will consider assistance based on the customer's situation.
  • Measures for loans for business rehabilitation and home repair include top-up home loans with a fixed interest rate of 0% per year for 3 months and a fixed interest rate of 2.5% per year for 33 months.

Statistics:

  • 75% reduction in installment payments for 1 year on home loans and SSME business loans
  • 0% interest per year for 3 months on home loans and SSME business loans
  • 4.5% fixed interest rate per year for 3 years on personal loans
  • 3.5% interest rate per year for 2 years on SME business loans
  • Maximum term not exceeding 7 years for SME business loans

Sources:

  • Thai News Agency, 26 Jul 2025
  • Krungthai Bank's press release (no date mentioned)

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