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Measure for assisting the customers affected by COVID-19
 

 

ICBC (Thai) Group has implemented the following measure for assisting the customers affected by COVID-19

 
 Financial Assistance Measures Phase 1:
 For Individual and Corporate Customers
 • Grace period for Corporate, SME, and Retails customers for a period of maximum 12 months.
 • Increase credit line to assist business of the customers affected by COVID-19.
 • The company reserves the rights to consider on a case by case basis.
 
 For Commercial Customer with the total group credit line not more than Baht 100 million
 • Grace period of principal and interest for a period of 6 months, starting from April 2020 – September 2020.
 • Must register in Thailand.

 Remarks:

 1. The interest amount shall still be calculated and accrued during the grace period in complied with the existing credit agreement.
 2. After grace period, the principal and interest payment under the existing credit agreement shall be carried on. The customer may have the higher principal and/or interest amount later on.
 
 For Commercial Customer with the total group credit line not more than Baht 500 million
 • Providing new Soft Loan facility for working capital at the credit line amount up to 20% of the loan outstanding at the end of December 31, 2019 with the interest rate at 2% per annum. The customer does not need to pay the interest for the first 6 months.
 • Must register in Thailand
 • Not register in SET and MAI
 • Not NPL account at the end of December 31, 2019

 Remarks: The soft loan approval is subject to the consideration of the Bank according to the criteria.

 
 For Credit Cardholders

 • ICBC (Thai) Credit Cards' Minimum payment rate will be adjusted from 10 % to 5 % automatically. Customers are not required to contact the Bank start from 1 April 2020 - 31 December 2020.

 
 For Hire Purchase Customers:
 For hire purchase loans size within THB 250,000
 • Provide grace period covering hire purchase principle and interest rate for 6 months.
 For hire purchase loans size more than THB 250,000
 • Provide grace period 3 – 6 months or
 • Reduce the installment payment and extend the payment term.
 
 The company reserves the rights to consider customers who are working in the following industry: travelling, transportation, airlines, hotel and resort and restaurant according to the company's policy on case by case.
 
 Financial Assistance Measures Phase 2:

 For Individual and Corporate Customers, Commercial Customer with the total group credit line not more than Baht 100 million, and, Commercial Customer with the total group credit line not more than Baht 500 million

 • The financial assistance measures phase 1 shall be applied.

 

 For Credit Cardholders

 • ICBC (Thai) Credit Cards' Interest Rate will be adjusted from 18% to 16% automatically. Customers are not required to contact the Bank, start from August 1, 2020 onwards.

 

 For all Hire Purchase Customers

 • Reducing the installment amount and extending the loan period.

 

 For Housing Loan

 The customer can make the request for one of the following measures;
 • Grace period of the installment (principal plus interest) for 3 month period; or
 • Grace period of the principal repayment for 3 month period and consider to adjust the interest rate; or
 • Reducing the installment amount and extending the loan period.
 The consideration shall be subject upon the request and on case by case basis.

 

 For more information, please kindly contact:

 ICBC (Thai) Bank
 • Contact our branches or ICBC (Thai) Call Center (0 2629 5588) to coordinate with our Relationship Manager.
 • Website: www.icbcthai.com
 ICBC (Thai) Leasing
 • Telephone: 0 2876 7200 # 1 and 0 2626 8100
 • Website: www.icbcthaileasing.com


(2020-07-23)
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