KASIKORNBANK Strategic Acquisition
K
KASIKORNTHAI
ธนาคารกสิกรไทย
开泰银行 KASIKORNBANK
KBank: Financial Aid Programs during COVID-19 for Businesses
■ Offer financial aid programs to help SME and retail customers during the COVID-19 pandemic
1Q20
Credit
Adjustment
(Payment
deferral and/or
interest rate
reduction)
3Q20
4Q20
2Q20
May - Oct 20 Debt Holiday*
6-month grace period on principal and interest payments for
SMEs with credit lines below Bt100mn (Automatic adjustment)
1Q21
2Q21
3Q21
Jul 21 2-month
Debt Holiday
For July and August
4Q21
Feb 20 - Jun 21 Up to 12-month grace period on principal payments/ 6-month grace period on principal and interest payments/ reduction in installment
payments up to 12 months (30%, 50%, and 70%) for SMEs
Apr-Dec 20 "Generous (Business) Owners-Empathetic
Creditor" program: a cooperative effort between KBank and
business operators to reduce interest rates for 6 months
Loans for
SMES
GSB Soft Loans:
Up to 5-year terms
with Bt20mn loan
limit for each SME,
at 2% for 2 years
BOT Soft Loans*: Up to 7-year terms for SMEs with credit limit below Bt500mn, at 2% for
2 years and 6 months interest free
Loans guaranteed by Thai Credit
Guarantee Corporation (TCG): with up to
7-year terms
Apr 21 BOT Asset Warehousing**:
Debt restructuring through Asset Warehousing with
buy-back options within 3-5 years
Apr 21 BOT Soft Loans supported by TCG credit
guarantee scheme**: Up to 7-year terms, at
average interest rate of 5% p.a. for five years (2%
for the first 2 years) with 6 months interest free
SME Loans:
Loan limit of
Bt300,000, at 3%
with up to 5-year
terms, 3-month
grace period on
principal
"Zero Interest-rate
Loan to Retain SME
Staff" program: 0%
interest rate with
10-year terms and
1-year grace period
on debt repayments
for the first year
Loans against mutual funds: Short-term loans for mutual fund holders; mutual
fund units can be used as collateral, with a limit from Bt30,000 to 80-95% of the
funds' NAV, at 2% to 5.5% interest for 6-month to 1-year period
Note: According to the Emergency Decree on Financial Assistance to Enterprises affected by COVID-19 (B.E. 2563), dated April 18, 2020.
** According to the Emergency Decree on Financial Rehabilitation and Recovery to support Businesses affected by COVID-19 (B.E. 2564), dated April 19, 2021.
บริการทุกระดับประทับใจ
K
KASIKORNTHAI
ธนาคารกสิกรไทย
开泰银行 KASIKORNBANK
KBank: Financial Aid Programs during COVID-19 for Individuals
■ Offer financial aid programs to help SME and retail customers during the COVID-19 pandemic
The First Phase
Payment deferral
Payment reduction
• Interest rate reduction
The Second and
Third Phases for
Individual
.
Payment deferral
Payment reduction
• Interest rate reduction
•
· Term loan extension
* Customers can choose
only one option depending
on their debt service
capability
1Q20
2Q20
3Q20
4Q20
1Q21
2Q21
3Q21
Credit card*: Reduce minimum installment payment to 5% in 2020-22 and 8% in 2023, returning to 10% in 2024
Xpress Loan and KLeasing:
3-month grace period on principal and
interest payments
Credit card and Xpress Cash: Grace period on principal payments
Housing Loan: Up to 12-month grace period on principal payments or 50% reduction in installment
payments for up to 12 months
Lower interest rate ceiling*:
Credit Card (from 18% to 16%); Xpress Cash and Xpress Loan (from 28% to 25%); KLeasing (from 28% to 24%)
Credit card, Xpress Cash, and Xpress Loan: 6-billing cycle grace period on principal (Option 1)
4Q21
77
Xpress Loan: 30% reduction in installment payments for 6 billing cycles, at special interest rate of 22% (Option 2)
KLeasing¹) Hire Purchase and Financial Lease: 50% reduction in installment payments for 6 months and extension of term loan
for another 3 months (Option 1)
Xpress Loan (Long-Term Loan) and Housing Loans:
Grace period on principal for 3 months (Option 1); with 0.1% reduction in interest rate for 3 months for HL
Reduction in installment payments for 3 months (Option 2): 30% for XPL and 50% for HL
Grace period on principal and interest payments for 3 months (Option 3)
KLeasing Hire Purchase and Financial Lease: Grace period on principal and interest payments for 3 months
(Option 2)
Credit card and Xpress Cash: Change to 48-month term loan, at special interest rate of 12% for credit card
and 22% for Xpress Cash (card will be closed) (Option 2)
KLeasing¹) Car to cash (Car registration Loan): 30% reduction in installment payments (Option 1) Grace period on principal and
interest payments for 3 months (Option 2) with maximum interest rate <22%
Debt
Consolidation
2-month Debt
Holiday*
For customers effected from
the lockdown in July 2021
Note:
Debt Consolidation: Consolidate loans, with Credit Cards, Xpress Cash and Xpress Loan, by utilizing existing Home Loan's
collateral for new loan from debt consolidation's collateral
Customers who are currently in other relief programs of KBank, are also able to apply to this program. ** Automatic adjustment for all customers
Credit card, Xpress
Cash, Xpress Loan,
Xpress Loan (Long-
Term Loan) and
Housing Loans
1) The Bank has provided another measure i.e. 3-month grace period on principal and interest payments by extending the termination period for a period of 3 months for KLeasing customers, who are severely
affected by COVID-19 and are unable to pay their debts.
บริการทุกระดับประทับใจ
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