SME D Bank rolls out flood relief for Thai SMEs

• Debt principal and interest payments can be suspended for up to 12 months.
• Emergency repair funding is available for affected existing customers.
• The bank is also offering extra working-capital loans after flood conditions ease.

SME D Bank has launched emergency measures for SMEs hit by flooding across Thailand. The bank said requests can be made from today onward through its branches, LINE Official Account and website.

SME D Bank rolls out flood relief for SMEs nationwide

The relief includes suspension of principal and interest payments for up to 12 months on term loans, P/N working-capital notes and factoring credit. It also allows P/N repayment to be extended by up to 180 days, with interest suspension available.

For existing customers with direct flood damage and premises in areas designated by the bank, SME D Bank is offering emergency repair funding. The facility is set at 10% of the existing credit line, with a minimum of 30,000 baht and a maximum of 200,000 baht.

For individuals, the ceiling is 100,000 baht. For legal entities, it is 200,000 baht. The loan carries MLR interest, runs for three years and has a 12-month principal grace period.

The bank said the emergency measures are voluntary. It also added follow-up lending for liquidity, investment and business upgrades after flood conditions ease, including SME Green Productivity, Pluk Palang SME and Beyond Tidpeek SME loans.