Mr. Chainarong Kajchapanan, Manager of the Student Loan Fund (KND) revealed that “The Student Loan Fund Invite borrowers to join the exhibition mediating household debt and SMEs debt for the last 3 days from today – 11 September 2022 at IMPACT Exhibition Hall 5, Muang Thong Thani, Nonthaburi Province. The fund has collaborated with the Rights and Liberties Protection Department. and the Legal Execution Department Ministry of Justice in organizing debt mediation In order to help and alleviate the suffering of borrowers who are economically affected by the epidemic situation of the coronavirus disease 2019, some borrowers have lost their income. and default on payment leading to litigation or legal enforcement The fund’s target groups are borrowers who are overdue debts. whose contract was terminated and was regarding to be sued and group borrowers who will be subject to lawsuits
If the borrower enters the mediation process Funds will not need to litigate. which will reduce the burden of fund expenses And besides, borrowers who enter the mediation process will not be prosecuted. The borrower will receive a discount on penalties. Including the opportunity to extend the repayment period up to 65 years so that borrowers can return to the normal repayment system. And when the Student Loan Fund Act (No.…) B.E. …. The fund will have the power to relieve the burden of the guarantor. The Fund has a principle that will cancel the guarantee of the guarantor. When the borrower has already paid 25 percent of the outstanding principal as well.
In this regard, borrowers can pre-register to attend the event and download the KK Connect application for the right to request mediation at the QRcode below or via the website. www.studentloan.or.th Or ask for more information at LINE official account of the KASIKORNBANK or call 0 2016 4888” Fund Manager finally said
