Islamic Bank of Thailand offers assistance for southern flood victims

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To help communities cope with the situation, iBank announced several policies for its clients including suspending debt principal payments for up to 6 months and waiving various fines, including late charges.

Islamic Bank of Thailand (iBank) is offering financial aid to residents affected by ongoing floods in the Southern region.

Heavy rains have been hammering seven provinces in the South since February 24, causing flooding and runoff. According to the Department of Disaster Prevention and Mitigation, the situation has already affected at least 12,000 citizens in the region.

To help communities cope with the situation, iBank announced several policies for its clients.
These include suspending debt principal payments for up to 6 months and waiving various fines, including late charges. Under the campaign, flood-affected borrowers only need to pay interest and request an extension for their loan payment period.

Interested individuals can apply for the program at any of the iBank branches from now until the end of this year. More information can be inquired at the bank’s hotline 1302.



The government has meanwhile instructed relevant units to continue providing assistance to flood victims. The 4th Army Area recently dispatched military officials to evacuate residents and those in need of assistance are urged to file their request at the local Damrongtham Center. (NNT)