Bangkok: The government has tasked the GH Bank with introducing a special measure featuring a low interest rate of only 0.01% to aid those impacted by the recent incident at the Thai-Cambodian border.

According to Thai News Agency, Ms. Sasikarn Wattanachan, deputy government spokeswoman, announced that the Government Housing Bank (GHB), under the Ministry of Finance, is executing the government’s directive to ease the difficulties faced by customers affected by the Thai-Cambodian border dispute. This initiative, named “Measures to Assist and Alleviate Suffering for Customers from Border Incidents,” focuses on reducing interest rates and offering special terms for affected customers.

The measures include several key points:

1. Current customers who are severely injured or have sustained home damage due to the border conflicts will receive a reduced interest rate of 0.01% per annum for the initial five years. From the sixth year onwards, until the contract concludes, retail customers will be charged an interest rate of MRR-0.75% per annum, welfare customers will receive MRR-1.00% per annum, and those purchasing equipment or repaying debts will adhere to the MRR rate. Currently, the GH Bank MRR interest rate stands at 6.495% per annum.

2. For customers whose homes are completely destroyed or who have suffered permanent disability or death, the interest rate will be set at 0.01% per annum until the end of the contract.

3. Customers seeking loans to construct a new building to replace a damaged one will benefit from an interest rate of 0% per year for the first six months, 0.50% per year for months 7-12, 2.50% per year for years 2-3, 3.50% per year for years 4-5, MRR-2.00% per year for years 6-10, and retail and welfare customers will continue at MRR-0.75% and MRR-1.00% per year, respectively, from year 11 until the contract’s end.

In response to the unrest on the Thai-Cambodian border, which has resulted in injuries and fatalities among civilians and officials, the government has instructed all related agencies to swiftly implement relief measures for both immediate and long-term recovery. Affected individuals seeking interest rate reductions or loans under these relief measures are encouraged to present evidence of damages to apply for loans from today at bank branches nationwide.

For further details, individuals can contact GH Bank through their nationwide branches, the GH Bank Call Center at 0-2645-9000, or the Government Housing Bank’s Facebook Fanpage and website at www.ghbank.co.th, as stated by Ms. Sasikarn.