The Bank of Thailand (BOT) has identified more than 1.8 million accounts of personal loan borrowers as “persistent debt” (PD), accounting for over 75 billion baht in total debts.

Krungsri (Bank of Ayudhya) and Grab Thailand have collaborated to launch personal loans for GrabFood merchant-partners, offering a maximum of Bt500,000 on 12-month installment plans, with no collateral or guarantor needed and with interest rates from 14.99 per cent per annum.