Krung Thai Bank Gradual interest adjustments Standing up to take care of every group of customers. Accelerate adaptation to cope with economic challenges Continuously helping vulnerable groups and SME customers Raise the deposit interest rate to a maximum of 0.35% per year and increase the loan interest rate to a maximum of 0.25% per year, effective April 13, 2023.
Mr. Payong Srivanich, President Krung Thai Bank revealed that from the Monetary Policy Committee (MPC) has decided to raise the policy interest rate by 0.25% to 1.75%, effective immediately on March 29, 2023, in line with expected economic and inflationary directions. The target range will be adjusted in mid-2023. The Bank has carefully considered the pass-through of the gradual increase in funding costs. with the emphasis on taking care and helping all groups of customers Both customers who deposit money and credit customers Especially the vulnerable groups who are still susceptible to the burden of higher cost of living. and SME customers To be able to adapt smoothly and meet economic challenges.
The bank raised the deposit interest rate to a maximum of 0.35% per year to promote savings for depositors to earn more income. In a situation where the cost of living is rising and increase the loan interest rate to a maximum of 0.25% per year, by adjusting the interest rate for large customers (MLR) by 0.25% per year to 6.60% per year, adjusting the loan interest rate for good large customers Overdraft type (MOR) increased by 0.20% per year to 7.07% per year and increased the retail loan interest rate (MRR) by 0.25% per year to 7.12% per year, effective from April 13, 2023 onwards.
The Bank is aware of the uncertain economic situation going forward. therefore supporting all groups of customers to adjust continuously by insisting on taking care of depositors through savings to cope with all-around challenges And closely monitor the situation of every group of customers. Some of them are still susceptible to higher cost of living and debt burden. Always ready to help through group-specific assistance measures So that customers can get help on the spot and timely. and special assistance measures to solve debt sustainably For individual and business customers affected by the economic crisis through a variety of financial instruments both reduce interest rates Reduce the installment payment Extend the repayment period, change the type of debt Revolving Loan is a loan with a specified period (Term Loan) debt restructuring. and increasing liquidity, etc., by considering each customer in accordance with the criteria set by the Bank. The bank will propose guidelines for debt restructuring that are appropriate to the ability to repay debt and the risk of the customer.
For interested customers, you can register at https://krungthai.com/th/personal/loan/personal-loan/486 Contact us at All branches of Krung Thai Bank or Krungthai Contact Center Tel. 02-111-1111
