The floodwaters have seriously damaged their operations, he added.

Under the measures, the bank will:

1) Suspend debt repayment for term loan on both principal and interest for 6 months. For promissory note, interest repayment will be suspended for six months.

2) The bank will provide emergency loans for rehabilitation with a maximum repayment period of five years and a one-year grace period. It will charge an interest rate of 0.415 per cent per month. The criteria for the maximum loan amount are specified below:

1) A customer with a maximum credit limit of Bt1 million will able to ask for a loan that doesn’t exceed Bt500,000.

2) A customer who has a credit limit of more than Bt1 million but not exceeding Bt5 million is eligible for a loan that doesn’t exceed Bt1 million.

3) A customer with a credit limit of more than Bt5 million can ask for a loan that doesn’t exceed Bt2 million. The new loan will be combined with previous lending and not exceeding a total of Bt15 million.

For SMEs seeking help on rehabilitation, the bank has prepared a package with a special interest rate for investment and improvement as well as a local economy loan aimed at providing operation expenses for businesses in the fields of agro-industrial, tourism, retail, local products and farm produce.

The bank will personal loans with a special interest rate of 0.417 per cent per month for the first three years or an average of 5 per cent per year. Corporate loans are also on offer, at 0.25 per cent per month or an annual average of 3 per cent in the first three years.

Customers could apply for the loans on ‘SME D Bank’ application. The bank may ask for additional documents that will hasten the approval process.

The bank’s staff in flood-hit areas will offer prompt support. For further inquiries, call 1357.