FRIDAY, March 29, 2024
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KBank offers urgent assistance due to Podul

 KBank offers urgent assistance due to Podul

Clients affected by tropical storm Podul will get a six-month grace period for paying principal, as well as financial support to rebuild their businesses and homes, Kasikornbank announced on Thursday (September 5).

Additionally, KBank has sent staff to the affected areas to provide assistance to customers.
KBank president Predee Daochai said that as part of relief support for flood victims, business customers will be granted a debt moratorium of up to six months, and access to loans for business rehabilitation with no principal payment for up to six months and a loan term of no more than five years.
For home loan, credit card and express cash card clients, assistance measures will also include a debt moratorium of up to six months. 
Customers with mortgage loans with KBank can access a new loan for home repairs, plus a six-month grace period for principal payment. 
Auto loan clients will be offered a 50-per-cent reduction of instalment payment for up to six months, including the waiver of fees and late payment penalties.
Flood-affected customers can apply for assistance measures from now until October 31, 2019.

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