New loan & debt comparison site helps Thai public hit by Corona
How are Thai banks caring for customers affected by the Covid-19 crisis ?
In response to rising levels of debt in Thailand due to the economic impact of the Covid-19 crisis, the FFG Thailand team have launched Fair-Debt.org - a consumer focused loan and debt information website.
With many seeking to take out loans or pause loan repayments because their incomes have been hit hard by the pandemic, this online tool aims to help debtors make sense of the way banks' currently apply interest holidays to loans, with online calculators that show the term of payment, payment amount and amount of debt owing afterwards.
There is information to help bank customers better understand financing products and debt management and people can also check banks’ debt calculations and can lodge an online complaint if these aren't correct.
Fair-Debt.org - supporting people to manage their money and holding banks to account during unprecedented times.