Currency and Interest Rate Outlook
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
2Q20
May Oct 20 Debt Holiday*
3Q20
4Q20
1Q21
2Q21
3Q21
Jul 21 2-month
Debt Holiday
4Q21
Credit
Adjustment
(Payment
deferral and/or
interest rate
reduction)
6-month grace period on principal and interest payments for
SMEs with credit lines below Bt100mn (Automatic adjustment)
Feb 20-Jun 21 Up to 12-month grace period on principal payments for SMEs
(Registration has been ended on June 30, 2020)
Apr - Dec 20 "Generous (Business) Owners-Empathetic
Creditor" program: a cooperative effort between KBank
and business operators to reduce interest rates for 6 months
For July and August
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
"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
Apr 21 BOT Asset Warehousing**:
Debt restructuring through Asset Warehousing with buy-
back options within 3-5 years
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
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
SME Loans:
Loan limit of
Bt300,000, at 3%
with up to 5-year
terms, 3-month
grace period on
principal
64
65
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
1Q20
2Q20
3Q20
4Q20
1Q21
2Q21
3Q21
Credit card*: Reduce minimum installment payment to 5% in 2020-21 and 8% in 2022, returning to 10% in 2023
Xpress Loan and KLeasing:
Payment reduction
• Interest rate reduction
3-month grace period on principal and
interest payments
Credit card and Xpress Cash:
Grace period on principal payments
4Q21
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
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)
Xpress Loan: 30% reduction in installment payments for 6 billing cycles, at special interest rate of 22% (Option 2)
KLeasing Hire Purchase and Financial Lease: 50% reduction in installment payments for 6 months and extension of term loan
for another 3 months (Option 2)
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
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)
KLeasing Car to cash (Car registration Loan): 30% reduction in installment payments with maximum interest rate <22%
Debt Consolidation: Consolidate KBank's loans, with Credit Cards, Xpress Cash and Xpress Loan, by utilizing existing Home
Loan's collateral for new loan from debt consolidation's collateral
Debt
Consolidation
2-month Debt
Holiday*
For customers effected from
the lockdown in July 2021
Note: *Customers who are currently in other relief programs of KBank, are also able to apply to this program.
** Automatic adjustment for all customers
บริการทุกระดับประทับใจ
Credit card, Xpress
Cash, Xpress Loan,
Xpress Loan (Long-
Term Loan) and
Housing Loans
99
66View entire presentation