Government Savings Bank (GSB) is assisting flood victims in recovering after the water recedes by announcing an automatic 3-month debt moratorium with no interest. The bank is also mobilizing emergency and rehabilitation loan measures to help individuals and businesses regain stability.
On 24 Aug 2026 GMT+7, Mr. Songphon Chiwapanyaroj, Governor of Government Savings Bank, stated that flooding in several northern provinces has begun to ease and recovery efforts are underway. However, damage to homes, work equipment, and businesses continues to impact people's livelihoods and income. Therefore, GSB is swiftly implementing measures. "Automatic debt moratorium with no interest for 3 months." This aims to alleviate financial burdens and provide time to manage necessary expenses, as well as to restore housing, occupations, and income during the post-flood period.
The measure provides a 3-month principal repayment suspension and interest waiver. Interest accrued during the moratorium will be fully waived by the bank, and borrowers will not have to repay it later. The deferred principal of three installments will be added to the final payment. After the moratorium ends, borrowers will resume repayments under original contract terms. This covers all loan groups (except certain types under specified conditions*) whose registered domicile, residence, or place of work is in disaster areas as declared by the Department of Disaster Prevention and Mitigation (DDPM).
The bank will notify eligible borrowers via SMS or direct mail. Those who do not wish to participate can contact any GSB branch or the GSB Contact Center at 1115 to continue normal repayments.
In addition to easing burdens on existing borrowers, the bank has prepared loans for victims needing funds for emergency expenses, business restoration, or property repairs. The Emergency Loan for Disaster Victims offers up to 20,000 baht without collateral, with a 3-month principal and interest holiday. From the 4th month onward, the fixed interest rate (flat rate) is 0.60% per month, with repayment terms up to 24 months. Applications are accepted at any GSB branch.
For those requiring working capital or to ease living expenses, there is the Disaster Assistance Loan with a maximum loan amount of 50,000 baht. The interest rate is 0% for the first 3 months and a fixed flat rate of 0.50% per month thereafter. Principal and interest payments are deferred for the first 3 months, with repayment terms up to 60 months.
GSB also supports recovery through the Small Rehabilitation Loan for disaster victims, providing working capital or funds to repair tools and equipment used in occupations. The maximum loan is 300,000 baht, with 0% interest for the first 3 months; from month 4 onward, interest is 15.00% per year. The maximum repayment period is 7 years. Additionally, the Home Rehabilitation Loan helps repair housing with a maximum loan of 1 million baht, offering a 0% principal and interest holiday for 3 months. From months 4 to 24, the interest rate is 2.00% per year; in the 3rd year, MRR minus 3.35% per year; from the 4th year onward, MRR minus 0.75% per year. The bank also supports appraisal fees up to 3,000 baht.
For businesses affected by flooding, loans under the 'GSB SMEs Recharge' program are available to improve, repair facilities, invest in business assets such as equipment, machinery, or provide working capital to enhance liquidity. Loans can be up to 30 million baht per borrower, with interest starting at 2.99% per year for the first two years. Loan terms can be up to 10 years, with principal payment deferral for up to one year. Business loan applications must be submitted by 30 Sep 2026.
The bank will assess loans based on necessity and repayment ability. Interested parties can find more details on the bank's website at www.gsb.or.th or contact the GSB Contact Center at 1115.
The debt moratorium does not include certain loan types such as large business loans, 'Cheerful Life' personal loans, loans for salaried individuals, Soft Loans, community organization loans, and government policy loans (PSA). Other conditions apply as determined by the bank.
