Bangkok: TMB Thanachart (TTB) has announced a reduction in lending interest rates across all loan groups by 0.25% per annum, effective August 15, 2025. This decision aligns with the Monetary Policy Committee’s (MPC) resolution aimed at increasing economic easing, facilitating business adaptations, and lessening the burden on debtors amidst an unpredictable economic climate influenced by global trade policies, liquidity challenges, and escalating household debt.
According to Thai News Agency, Mr. Piti Tantakasem, Chief Executive Officer of TTB, expressed the bank’s commitment to supporting customers amid economic challenges driven by both domestic and international factors. These challenges include the impact of potential US tariffs in the year’s second half, a reduction in foreign tourist numbers, and ongoing household debt issues exerting downward pressure on the Thai economy. TTB’s interest rate reduction applies to loan products linked to the MLR, MOR, and MRR interest rates, assisting a spectrum of customers including retail investors, SME entrepreneurs, and business clients.
In addition to this interest rate cut, TTB is enhancing its “TTB Pay Good… Get Rewards” program, aimed at aiding customers with solid repayment histories. This initiative targets home and car owners with reliable repayment records and salaried employees with personal loans, promising increased customer benefits. TTB is also extending support through the “Khun Su, We Help” project, which offers debt consolidation and transfer solutions, alongside financial literacy education to encourage responsible debt management.
The bank emphasizes its mission to empower Thais with better financial prospects now and in the future. TTB advises customers to borrow responsibly, emphasizing that the effective interest rate for home refinance loans during the entire contract period ranges from 3% to 4% per annum, with other products like the “Car for Cash Loan” and “TTB Flash Cash Card” having varying rates. For more information, customers are directed to visit TTB’s website.