GSB to aid customers affected from unrest

BANGKOK, 23 May 2010 (NNT) – The Government Savings Bank (GSB) has indicated readiness to assist its customers, business entrepreneurs, and low-income earners affected from the recent political unrest via low interest rate loans and postponement of debt payment.

GSB Director, Lersak Chulthet, announced that loan customers directly affected by the political unrest could defer payment of principals and interests for not more than one year while other customers generally affected from the situation could defer the payment for not more than six months.

The postponement is offered for loan customers of the bank without charges while the interest rate will be lowered accordingly. In addition, customers with due payment during the bank’s closure could pay their obligations on Monday without being considered as late payment.

All the GSB branches in Bangkok will resume operation from Monday onwards, including 10 branches located in department stores.

As for loan assistance, housing loan customers can seek additional loan of not more than 200,000 THB with a fixed interest rate of 3.5% per annum. Savings customers can seek loans of not more than 50,000 THB each with an interest rate of 4.5% per year and due to be repaid within one year.