Restaurants affected by restaurant ban in Thailand offered low-interest loans

Minister Arkhom, the new remedy, called ‘Im Jai Loan’, will be limited to a maximum of 100,000 baht per claimant and will apply to established food and beverage businesses, such as restaurants, eateries and street stalls. department store food courts.

The Thai Cabinet has earmarked 2 billion baht to help restaurants hit by regulations that prevent customers from dining there.

According to Finance Minister Arkhom Termpittayapaisith, the new remedy, called “Im Jai Loan”, will be limited to a maximum of 100,000 baht per claimant and will apply to established food and beverage businesses, such as restaurants, restaurants and department store stalls. law courts.

The loan will be provided by the Government Savings Bank at an annual interest rate of 3.99% for up to five years, with borrowers benefiting from a suspension of payment for the first six months. The measure applies to businesses in Greater Bangkok and the southern border provinces.


Up to 40,000 companies are expected to seek to borrow on average around 50,000 baht each. The government already has a similar measure for roadside food vendors, who can borrow up to 10,000 baht from the Government Savings Bank at a monthly interest of 0.35%. (NNT)



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