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Pawn shops to reduce interest rate during Covid-19 crisis

Apr 03. 2020
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By THE NATION

Pawn shops in Bangkok will employ measures to help alleviate the financial burden of customers during the escalating Covid-19 situation, city Governor Pol General Aswin Kwanmuang said on Thursday (April 3).

“Bangkok pawn shops will reduce the interest rate for Bt1-5,000 worth of pawning from 25 satang per month to 10 satang per month, while an amount of Bt5,000-100,000 will be granted at a flat rate of interest of 50 satang per month instead of the progressive rate starting from Bt1,” he said.

“Furthermore, the expiration date of pawning ticket will be extended from four months to eight. This will apply automatically to all current and future customers of 21 pawn shops under Bangkok Metropolitan Administration,” added the governor.

For more information, contact Bangkok Pawn Shop Office at tel: 0-21580042-4

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