SME D Bank Suspends Debt Repayment for Flood-Hit Businesses
SME D Bank is suspending debt repayments for up to 12 months and offering emergency capital loans to help flood-affected small businesses in Nan province recover quickly.
SME D Bank has launched emergency measures to help small and medium enterprises in Nan province affected by flooding, offering debt repayment suspension of up to 12 months and emergency capital for business recovery. Managing Director Phichit Mitravongse said the flooding has severely impacted SME operations across multiple areas in Nan province, both directly and indirectly. The bank is rolling out urgent relief measures to ease financial burden and help entrepreneurs restart their businesses quickly.
Key assistance measures include a principal and interest repayment suspension for affected customers for up to 12 months on term loans, revolving credit agreements, and factoring facilities, with promissory note repayment extended up to 180 days. The bank is also offering emergency capital loans of 10% of the customer's existing credit limit (minimum 30,000 baht, maximum 200,000 baht for individuals and 200,000 baht for businesses) at the prevailing rate for three years with a 12-month principal grace period and no collateral required except fees.
Additionally, SME D Bank is offering supplementary business development loans with a special fixed rate of just 3% per annum for the first three years, repayable over up to 10 years with up to 12 months' principal grace period. These include the SME Green Productivity loan (up to 30 million baht), Power Up SME loan (up to 1 million baht), and Beyond Wings SME loan (up to 30 million baht). The relief measures are voluntary and entrepreneurs can apply immediately through any SME D Bank branch nationwide, the bank's LINE Official Account, or its website at www.smebank.co.th. The Call Center number is 1357.
