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SLF manager dismisses rumour that debts will be settled if students convert to Islam

SLF manager dismisses rumour that debts will be settled if students convert to Islam

Student Loan Fund (SLF) manager Chainarong Katchapanan on Tuesday (November 26) denounced the “groundless rumour” circulating on social media that the SLF would remit the debt of borrowers who switch their religion to Islam.

“The rumour is completely groundless,” he said.
“It is not true that the SLF will remit the debt of borrowers who convert to Islam. Religion has no influence on the loan application or conditions. Borrowers should refrain from believing unverified information and contact the SLF office if they have any inquiry,” he said.
“The SLF is an affiliate of the Finance Ministry, which assigned two banks under its supervision to handle loan applications – Krungthai Bank and the Islamic Bank of Thailand. Borrowers can freely choose to apply for a loan at either of these two banks.”
Chainarong said Krungthai Bank had been assigned to manage the SLF’s applications since 1996, and in 2010 the Finance Ministry decided to add the Islamic Bank to the campaign to increase its service channels for borrowers.
“The SLF currently has 5.7 million borrowers, 97 per cent of them applied via Krung Thai Bank, and 3 per cent through the Islamic Bank,” he said.

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