Consolidating debts and restructuring payments
The initiative’s core objective is to help and rehabilitate debtors with loans scattered across multiple lenders. Once consolidated, their repayment capacity will be reassessed, allowing for restructuring through principal and interest rate reductions.
“Once we buy the debts, we can consolidate each borrower’s obligations and assess their true repayment ability. Then we will restructure — cutting both principal and interest,” Ekniti said, adding that interest rates of 10–20% could be lowered significantly.
“For example, a debtor paying 5,000 baht per month may see payments reduced to just 1,000 baht.”
The Finance Ministry will also promote financial discipline through…