We are in this together: Thai Banks Lend Help for Thais With Their Home Loans and Credit Card Payments

Thai Banks Help during Pandemic

In this pandemic, the world has not only been fighting with the new disease, COVID-19 but is also fighting through an economic decline. Apart from the government actions to help defeat the disease, most Thai banks are lending support in terms of home loans and credit card payments. This support not only eases out the financial stress in the household but also allowing families to focus more on themselves and their loved one’s health and safety. However, debts would be expected to be paid off in full sometime later in the future. The new due date and details may be different depending on each bank. Asher Property has put together this handy guide.

Krungthai Bank

Krungthai Bank allows home loan clients to repay the principal for 12 months without interest charged.

Thanachart bank

The Thanachart Bank allows home loan payments to be postponed for up to 3 months. The outstanding credit card bill repayment rate has been decreased to 5 percent for the next three months.

Siam Commercial Bank (SCB)

The Thai banks have reduced the outstanding bill repayment rate for its credit card holders from 10 percent to 5 percent until November 2020. However, between November 2020 and November 2021, the rate will be increased to 8 percent. The principal payment for home loan borrowers with credit lines of 3 million baht or less are allowed to hold back payment for 4 months.

Kasikorn Bank (K-Bank)

Home loan borrowers with the Kasikorn Bank only have to pay interest on the borrowing amount within 12 months. The principal is not fixed to be paid during this time. 


Krungsri announced assistance measures for commercial, Business Banking, retail customers, home loaners who have been affected with more flexible repayment. Loaners can benefit a six-month delay on principal repayment as well as a reduced installment amount.

Bangkok Bank

The bank has come up with measures to help cope with the impact of the outbreak for both home loan clients and credit cardholders. House loan repayments can be extended by up to 12 months while minimum monthly installments are granted to be decreased up to 40 percent. Meanwhile, the credit card repayment minimum is also reduced to less than 10 percent of the outstanding balance and interest rates are minimized until December 2021.


Although a Singaporean Bank and not one of the Thai Banks, UOB home loan borrowers whose salary has been reduced due to the epidemic are granted lower installment payments for 12 months besides an extension of loan tenor. Credit card clients can obtain lower minimum payment and lower interest rates under certain conditions.



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