Tisco aid recipients still paying interestHalf of Tisco Bank's auto loan customers have participated in a debt holiday scheme, but 90% continue to service interest. Apart from the bank's auto loan customers, some borrowers in Tisco Bank's other products have joined the debt relief scheme, Mr Suthas said. Mr Suthas said 90% of the bank's participants in the debt relief measures continued to pay interest, and the remaining 10% were those who deferred servicing both principal and interest. Participants who suspended both interest and principal payments have been considered a risky group because Tisco Bank has a harder time assessing their debt payment ability and tendency to default. "Predicting the debt payment ability of 10% of customers who suspended paying both principal and interest is difficult.

Source: Bangkok Post July 07, 2020 23:26 UTC