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Educational Loans Fund (NBTC) offers New Year’s gifts against COVID, a penalty of 80-100%, and reduces penalty rates to 0.5% per year to help borrowers owe their debts. Including a 5% principal reduction by paying off the account all at once for borrowers who have never defaulted during a 6-month period from January 1 to June 30, 2021.
The Royal Thai Embassy extends the time to reduce the fine from 75 to 80% to help borrowers until March 31.
New Year’s Gift Warehouse “Financial Measures” for Thais
Mr. Chainarong Kuchapanan, Manager of the Educational Loan Fund (NBTC), said: “How the Fund has provided measures to help and provide opportunities to borrowers who have been financially affected by the infectious disease situation. The 2019 coronavirus (COVID-19) has been ongoing. And now Thailand is facing the epidemic situation. Fund Committee Therefore, a resolution was approved approving temporary measures. To help ease the financial burden and as a New Year’s gift for borrowers. From January 1, 2021 to June 30, 2021, for a total of 6 months as follows:
1. Reduce 100% of penalties for debt settlement, account closure For all borrowers who have not yet been processed Payment can be made at any Krungthai Bank and Islamic Bank of Thailand. Regarding borrowers being processed You must register to claim rights and make an appointment at www.studentloan.or.th The borrower must complete payment of attorney and court fees before closing the account.
2. 80% penalty reduction for unprocessed loan borrowers who have paid all outstanding debts to normal status.
3. Reduce the principal amount by 5% for borrowers who have never defaulted and close the account immediately.
4. Reduce the penalty rate to 0.5% per year for borrowers who have not been processed and are unable to pay the debt on schedule.
The measure is a New Year’s gift that the fund gives to borrowers. The Fund wishes to encourage everyone to fight together to overcome the COVID situation together. Borrowers can view details of debt repayment channels to receive entitlements under this measure at www.studentloan.or.th Payment can be viewed on the Kor Yor App. Connect or request more information on the Official Line Account of the Royal Thai Government (Official Line Account Kor Yor.) Or call. Finally said
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