Thai Times

Covering the Thai Renaissance
Wednesday, Jun 11, 2025

Bank of Thailand Prepares Second Phase of Debt Relief to Support Household Financial Stability

Expanded 'You Fight, We Help' program to offer lower interest rates, debt restructuring, and broader borrower support
The Bank of Thailand is preparing a second phase of its 'You Fight, We Help' debt relief program, aimed at easing the financial burden on households.

The central bank is introducing three expanded measures: a scheme to help borrowers maintain assets while restructuring debt, a revised 'Pay, Close, and Be Done' initiative raising debt ceilings for settlement, and a new program to restructure unsecured loans for borrowers with smaller credit lines.

Under the updated program, eligibility has been broadened to include borrowers with overdue payments exceeding one year, those with minimal delays, and individuals who underwent debt restructuring since early 2022. The Bank of Thailand estimates around one million borrower accounts, totaling three hundred eighty billion baht in debt, could qualify for the asset retention scheme.

The 'Pay, Close, and Be Done' initiative will now allow settlements of unsecured loans up to ten thousand baht per account and secured loans up to thirty thousand baht for vulnerable groups.

Partial repayment thresholds have been lowered to encourage participation, and credit bureau coding will be updated to facilitate financial recovery.

Additionally, the restructuring of unsecured loans will offer non-performing borrowers the option to convert debts into low-interest term loans, freezing interest and directing monthly payments toward principal.

After three years, borrowers could see significant debt reductions.

Approximately nine hundred thousand individuals with debts totaling sixty-one billion baht are expected to qualify.

The Bank of Thailand has extended the registration period for the initial phase of the program to June 2025 and is coordinating with the Ministry of Finance and Cabinet for approval of the expanded measures.

The first phase registered one point six million accounts, with around five hundred thirty thousand borrowers currently eligible.

This second phase is part of ongoing efforts to strengthen household financial stability, support economic resilience, and maintain Thailand’s commitment to sound financial management amid global uncertainties.
Newsletter

Related Articles

Foreign Investors Seek Clarity Amid Thai Market Volatility
0:00
0:00
Open
Foreign Investors Seek Clarity Amid Thai Market Volatility
0:00
0:00
Close
Foreign Investors Seek Clarity Amid Thai Market Volatility
Meta to Invest $15 Billion in Scale AI to Advance AGI Goals
Thai Commerce Minister Meets Philippine Ambassador to Discuss Trade
Ministry of Culture Plans Organizational Reforms to Empower Youth
Cambodian Hacker Group Targets Thai Government Websites
Gother Travel Platform Targets Young Travelers with New Features
Thai Education Ministry Partners with Microsoft for AI Teacher Training
Confucius International Federation Hosts Global Forum in Bangkok
Thailand and China Celebrate 50 Years of Diplomatic Relations
Cambodia Assembles Legal Team to Reclaim Disputed Heritage Sites
Thai Prime Minister Orders Crackdown on Foreign Business Violations
Thailand’s Mass-Market Staples Face Slowdown Amid Weakened Household Spending
Thailand Expands EV Incentives Amid Employment Surge and Localization Goals
Thailand Launches Initiative for Local Large Language Model Development
Foreign Property Demand in Thailand Faces Continued Decline Amid The intensified crackdown on nominee ownership
Thailand Faces Rising Household Debt and Employment Challenges
IMF Warns of Severe Global Trade War Impacts on Emerging Markets
Gold and Bitcoin Positioned for Record Highs Amid Global Economic Uncertainty
Thailand and UAE Strengthen Trade Cooperation Amid Global Challenges
Thailand's Household Debt Reaches 16.42 Trillion Baht in Q4 2024
Thai Households Average Spending Insights for May
Thailand Introduces New Tax Incentives to Attract Overseas Income
United States and Thailand Initiate Official Tariff Negotiations
Thailand Tightens Border Restrictions with Cambodia Amid Tensions
Cambodia and Thailand Reach Agreement Amidst Border Tensions
US Companies Urge Reduction of Vietnamese Tariffs Amid Trade Shift
American Tourist Arrested in Pattaya Following Vandalism and Altercation
Trump Administration Issues New Travel Ban Targeting 12 Countries
Chiang Mai Airport Allocates Land for Commercial Development
Thai Army Responds to Cambodian Statement on Sovereignty
Royal Thai Navy Prepares Amphibious Forces Amid Border Tensions
Border School Conducts Emergency Shelter Drills for Students
Police Chief Orders Border Patrol Readiness in Seven Key Areas
Royal Thai Navy Conducts Amphibious Assault Exercises
Naval Commander Monitors Cambodian Military Drills
Japan Grapples with Rice Shortage Amid Soaring Prices
Transport Minister Orders Expansion of Highway 211
Cambodia Eyes Four Contested Border Areas, Rejects JBC Talks
Thailand to Face Turkey in VNL 2025 Women's Volleyball Clash
Thai Army Asserts Readiness Amid Border Tensions with Cambodia
Thailand's Community Liquor Law Takes Effect Tomorrow
Thai Military Emphasizes Patience in Cambodian Border Dispute
Pichai Celebrates THAIFEX - ANUGA ASIA 2025 Generating 135 Billion Baht
Thai Army Denies Sending Drones to Spy on Cambodia
Holiday Crowds at Korat Zoo Cause Traffic Jam Over 1 km Long
Naka Cave Increases Daily Tourist Quota to 1,500 Visitors
Royal Thai Air Force Plans to Procure New GRIPEN E/F Fighter Jets
First Army Region Commander Inspects Tank Readiness and Personnel
Magnitude 4.6 Earthquake in Myanmar Felt in Chiang Rai, Thailand
1st Army Region Reviews Readiness of 'Black Panther' Division
×