Government Bank Launches Seven-Point Flood Relief Package
The Government Housing Bank launched a seven-point relief package for flood victims in northern Thailand, offering debt restructuring, zero-interest loans, and potential debt forgiveness for borrowers whose homes were destroyed by severe fl
On August 20, Deputy Government Spokesman Lalida Perischvivat revealed that the government is concerned about residents in Nan province and the upper northern region affected by severe flooding from heavy rains and flash floods. The Government Housing Bank has implemented seven relief measures for 2025 to reduce financial burden and support housing reconstruction, covering debt relief, payment suspension, and loans for repairs or new housing for both regular account holders and non-performing loan borrowers.
For NPL borrowers whose collateral was damaged, debt restructuring is available for up to 18 months with zero interest for the first six months and no payment installments required. NPL borrowers affected by income loss can restructure debt for up to one year with zero interest for the first six months and minimum monthly payments of 1,000 baht, applied entirely to principal reduction.
The government emphasized that if a home is completely destroyed and cannot be repaired, the Government Housing Bank will consider forgiving the structure portion of the debt on a case-by-case basis for both regular and NPL borrowers. Borrowers will only repay the land value portion, relieving them of debt for the uninhabitable structure.
For borrowers with home insurance policies covering natural disasters through the bank's partner insurers, an expedited Fast Track claims process is available. Policyholders can file claims using damage photos and receive compensation up to 20,000 baht without additional documentation requirements. The government recommends affected residents photograph their homes and damaged property before cleanup begins to support rapid claim processing.
The government stressed that home loss extends beyond property damage to include living expenses during recovery, and assistance measures are available even for NPL borrowers. Affected residents can apply at all Government Housing Bank branches nationwide immediately, or contact the G H BANK Call Center at 0-2645-9000 for more information.
