Bangkok pawnshops to cut interest rates to help people survive
With people struggling to make ends meet in the ongoing Covid-19 crisis, Bangkok authorities are getting all state-run pawnshops to reduce interest charges for three months from July 1.
The new monthly interest rates will be as follows:
• 0.1% for a pledge of up to 5,000 baht
• 0.8% for 5,001 to 15,000 baht
• 1% for pledges above 15,000
• Each pawn ticket can be worth no more than 100,000 baht
• A person can hold no more than five pawn tickets worth a total of 500,000 baht
• Gold can be pawned at 87.5% for its original purchase value.
Visit www.pawnshop.bangkok.go.th for more details.
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