Banks offer discounts for overdue loan payments
In a bid to rein in non-performing loans, several commercial banks are offering a cut of 15-20% for payment of overdue loans to encourage customers to clear their credit card and personal debt, according to a debt collection firm.
Pracha Chaisuwan, managing director of Chet Collection Management, said some commercial banks were offering incentives for customers to pay-off credit card and personal loan accounts that are 90 days or more in arrears.
