# Debt Relief Program Surpasses 500,000 Registrations

- Link: https://www.thailand-business-news.com/banking/192680-debt-relief-program-surpasses-500000-registrations
- Published: 2025-02-13T17:30:17+07:00
- Author: NNT

The “Khun Soo Rao Chuay” debt relief program, or “You Fight, We Help,” has attracted
over 500,000 registrants, with the application deadline set for the end of February.
Backed by 48 financial institutions, the initiative aims to assist debt-burdened
individuals. Deputy Government Spokesperson, Sasikarn Wattanachun, highlighted two
main components of the program.

## Key Takeways

 * The “Khun Soo Rao Chuay” initiative, also known as “You Fight, We Help,” has 
   attracted over 500,000 participants, with applications open until the end of 
   February. It aims to assist individuals struggling with debt, supported by 48
   financial institutions committed to the program’s success.
 * Deputy Government Spokesperson Sasikarn Wattanachun highlighted two primary measures:“
   Pay on Time, Keep Your Assets” allows small-scale borrowers to restructure loans,
   reducing monthly payments significantly while freezing interest for three years.“
   Pay, Settle, End” offers relief for individual borrowers with NPLs, allowing 
   debt settlement at just 10% of the balance.
 * A collaboration between the Bank of Thailand and major financial entities, the
   program includes 15 commercial banks, 27 non-bank financial companies, and six
   specialized financial institutions like the Government Savings Bank. Interested
   borrowers can access more information or apply on the Bank of Thailand’s website
   by February 28th.

The first, “Pay on Time, Keep Your Assets,” targets small borrowers with home, auto,
or SME loans, offering asset retention and debt restructuring. Borrowers benefit
from reduced monthly payments—50% in year one, 70% in year two, and 90% in year 
three—with a three-year interest pause, converting principal payments directly to
debt reduction with possible interest waiver.

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The second, “Pay, Settle, End,” aids borrowers with non-performing loans (NPLs) 
under 5,000 baht. They can clear debts by paying 10% of the owed amount. The Bank
of Thailand, along with commercial banks, non-bank financial providers, and SFIs,
spearheads this effort. Applications are available on the Bank of Thailand’s website
until February 28th.

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