Bangkok: Government Savings Bank (GSB) has announced the introduction of four special loan schemes offering 0% interest for the first three months, aimed at providing relief to individuals affected by the border tensions and flooding in Thailand.

According to Thai News Agency, Mr. Wirachai Amornratkulsuwet, Senior Executive Vice President and Acting President of GSB, emphasized the bank's commitment to supporting Thais during crises. The initiative aligns with the Ministry of Finance's policy, led by Deputy Prime Minister and Minister of Finance Mr. Pichai Chunhavajira, focusing on urgent relief for residents affected by the unrest and natural disasters. The bank's measures facilitate access to financial support, helping individuals maintain their livelihoods and recover more swiftly.

The newly introduced loans include emergency loans, home restoration loans, small business rehabilitation loans, and SME rehabilitation loans. Each loan type offers 0% interest for the initial three months, with varying terms to accommodate different needs. For instance, emergency loans offer up to 20,000 baht per person without requiring collateral, while home restoration loans provide up to 500,000 baht for property repairs. Small business loans extend up to 300,000 baht, and SME loans can reach up to 10 million baht, all designed to foster economic stability.

Applications for these loans are now open at all GSB branches. The bank has also extended support through the distribution of over 2,500 "GSB Cares" relief bags and allocated a budget exceeding 2.5 million baht to procure essential items for those in need. Additionally, GSB has implemented a three-month automatic interest-free debt repayment suspension to further alleviate financial burdens on affected individuals.