Thailand Proposes B20,000 Cap on BNPL Loans
Thailand proposes capping BNPL loans at B20,000 per user with six-month repayment terms and a 15% annual interest ceiling to tackle rising household debt.
BANGKOK: Thailand is proposing to cap ‘Buy Now, Pay Later’ (BNPL) credit at B20,000 per person, limit repayment periods to six months and restrict interest and related charges to an effective rate of 15% per year as authorities seek to curb household debt.