# GSB flood relief: 3-month debt holiday, 0% home repair loan

Thailand's Government Savings Bank said on 7 October 2026 it will suspend principal and charge no interest for three months for borrowers in DDPM-declared disaster zones, waiving that interest entirely. It also opened a home repair loan of up to 1,000,000 baht at 0% in year one, repayable over 15 years. All 50 Bangkok districts were declared disaster areas.

Thailand's Government Savings Bank (GSB) opened a relief package for flood-hit borrowers on 7 October 2026, under a Finance Ministry policy. Bank director Songphol Chevapanyaroj said it pairs a debt holiday with easier terms on the bank's disaster loans. This is not distant news for Bangkok: every district in the capital was declared a disaster area in late September.

## Who gets the three-month break, and on what terms

The debt holiday goes to borrowers whose registered address, home or place of work sits inside an area declared a disaster zone by the Department of Disaster Prevention and Mitigation (DDPM). It runs for three months, meaning three instalments.

Two points worth getting straight:

- **The interest is written off**, not parked. You will not be asked to pay it back later, unlike debt holidays where interest keeps running quietly in the background.
- **The three principal instalments are not cancelled.** They move to the final instalment of the contract, and payments return to the original schedule once the break ends.

Eligible customers do not have to apply. GSB says it will notify them in batches by SMS or letter. Anyone who would rather keep paying normally can say so at any branch or through GSB Contact Center on 1115.

One caveat: the break does not cover every product. Large business loans, the bank's Chiwit Suksan loan and loans for salaried earners are excluded, as are Soft Loan, community organisation credit and state-policy lending. If your contract type is unclear, ask the branch before assuming.

## Four loans, and the one homeowners should look at

The one that matters most to a damaged house is the **home repair loan**, which covers repairs, replacement buildings, and furniture or essentials destroyed by water.

| Loan | Limit per borrower | Opening rate | Longest term |
| --- | --- | --- | --- |
| Emergency, no collateral | 20,000 baht | 0% for 3 months, then 0.60% a month flat | 24 months |
| Small business recovery, TCG-guaranteed | 300,000 baht | 0% for 3 months, then 0.70% a month flat | 7 years |
| Home repair, secured | 1,000,000 baht | 0% in year 1, then MRR minus 2.865% in years 2-3 | 15 years |
| SME relief | 5,000,000 baht | 0% for 6 months, then MLR minus 2.65% in months 7-12 | 7 years |

A few details behind the table: the home repair loan skips principal for the first 6 months and charges MRR minus 0.750% a year from year 4, with up to 3,000 baht of the valuation fee covered. The SME loan can skip principal for up to a year. And the small business loan's 0.70% flat monthly rate works out to an effective 15% a year, which is not cheap, so it suits short borrowing rather than long-term debt.

GSB quoted MRR at 6.045% and MLR at 6.025% a year as of 2 March 2026, and both can change by bank announcement. Ask for the rate on your signing date before trusting any instalment estimate, and remember every loan is still subject to approval.

## Does Bangkok qualify

Eligibility follows the official declaration, not the water line outside your door, so check the announcement.

- Bangkok declared all 50 districts a disaster area on 25 September 2026 after days of heavy rain.
- The DDPM then named 38 districts and 118 subdistricts in Bangkok as emergency assistance zones, the step that unlocks Finance Ministry relief budgets.

That list of 38 includes mainstream residential areas: Lat Krabang, Min Buri, Nong Chok, Prawet, Suan Luang, Bueng Kum, Chatuchak, Don Mueang, Huai Khwang, Din Daeng, Ratchathewi, Watthana, Khlong Toei, Bang Khae and Phasi Charoen. So anyone paying off a condo or house in those areas has a reasonable chance of qualifying, and this is not only an outer-suburb story. Alongside the financial measures, the bank says it has handed out more than 10,000 relief bags worth over 4.5 million baht, concentrated on outer Bangkok and nearby provinces.

## Median prices on DooAsset

When a home becomes unliveable, the next question is usually what a temporary rental costs. From listings open on DooAsset on 7 October 2026:

- [Condos for rent in Bangkok](https://dooasset.com/en/rent/condo/): 573 units, median 29,000 baht a month, middle range 20,000 to 49,000 baht
- [Condos for sale in Bangkok](https://dooasset.com/en/buy/condo/): 339 units, median 8,500,000 baht, middle range 5,550,000 to 16,000,000 baht

Set against that, a 1,000,000 baht repair loan covers floors, walls, wiring and furniture for one house in many cases, but it is nowhere near the price of replacing the home. If you do have to move out, budget the rent above plus a deposit on top of the repair bill.

## Checklist before you go to the bank

1. Check whether your district and subdistrict appear in the DDPM announcement, then ask your district office for proof that you are a flood victim.
2. Confirm your loan type is one that joins the debt holiday rather than one of the excluded products.
3. If no SMS or letter has arrived, call the branch that holds your contract instead of waiting.
4. Photograph every bit of damage before you clean up, and keep repair receipts and quotations for the loan application.
5. If you rent the place out, settle repairs and rent during the works with your tenant in writing.

## Related reading

- [Renting out your condo: an owner's checklist](https://dooasset.com/en/articles/renting-out-your-condo-bangkok-owner-checklist/)
- [Move-in day checklist for a rented condo](https://dooasset.com/en/articles/move-in-day-checklist-rented-condo-bangkok/)
- [Getting your condo deposit back](https://dooasset.com/en/articles/getting-condo-deposit-back-bangkok/)
- [Buying a resale condo step by step](https://dooasset.com/en/articles/buying-resale-condo-bangkok-step-by-step/)

## Key facts

- Published: 7 Oct 2026
- Author: the DooAsset team
- Topic: Home loans and rates
- Reading time: 5 min
- Facts checked: 7 Oct 2026

## Frequently asked questions

### Do I have to apply for the GSB debt holiday?

No. GSB says it notifies eligible customers in batches by SMS or letter. If you would rather keep paying on the normal schedule, tell any branch or call GSB Contact Center on 1115. If nothing arrives, call the branch holding your contract rather than waiting.

### Is the interest from the three-month break added back later?

No. GSB waives the interest that builds up during the break, so it is not repaid. The three suspended principal instalments do remain owed: they are moved into the final instalment of the contract, and payments go back to the original terms when the break ends.

### Does a home in Bangkok qualify?

It depends on the official declaration rather than the water outside. Bangkok declared all 50 districts a disaster area on 25 September 2026, and the DDPM named 38 districts and 118 subdistricts as emergency assistance zones. Check your district and subdistrict against that list first.

### How much is the home repair loan and what does it cost?

Up to 1,000,000 baht per borrower, secured. Principal is skipped for the first 6 months and interest is 0% in year one, then MRR minus 2.865% a year in years 2 to 3 and MRR minus 0.750% from year 4, over a term of up to 15 years. Approval is at the bank's discretion.

### Does the debt holiday cover every GSB loan?

No. The bank excludes several products, including large business loans, its Chiwit Suksan loan, loans for salaried earners, Soft Loan credit, community organisation lending and state-policy loans. If you are unsure which group your contract falls into, ask your branch before assuming you qualify.

## Links

- [This article](https://dooasset.com/en/articles/gsb-flood-debt-holiday-home-repair-loan/)
- [Source: ธนาคารออมสิน — ออมสิน ขานรับนโยบายรัฐ ช่วยลูกหนี้น้ำท่วมตั้งหลัก พักหนี้ – ไม่คิดดอกเบี้ย 3 เดือน ยกระดับสินเชื่อเติมทุนซ่อมบ้าน – ฟื้นอาชีพ – ฟื้นกิจการ ดอกเบี้ย 0% ใน 6 เดือนแรก](https://www.gsb.or.th/news/gsbpr50-69/)
- [Source: มิติหุ้น — GSB ขานรับนโยบายรัฐ ช่วยลูกหนี้น้ำท่วมตั้งหลัก พักหนี้ – ไม่คิดดอกเบี้ย 3 เดือน](https://www.mitihoon.com/2026/10/07/683820/)
- [Source: ข่าวหุ้นธุรกิจออนไลน์ — “ออมสิน” พักหนี้น้ำท่วม 3 เดือน–ยกดอกเบี้ย ชูสินเชื่อฟื้นฟูสูงสุด 5 ล้านบาท](https://www.kaohoon.com/news/general/869891)
- [Source: กรุงเทพธุรกิจ — กางพื้นที่ กทม. 38 เขต 118 แขวง เป็นเขตช่วยเหลือภัยพิบัติน้ำท่วม](https://www.bangkokbiznews.com/news/1254219)
- [Source: ฐานเศรษฐกิจ — ปภ.เปิดรายชื่อ 38 เขต 118 แขวง เข้าเกณฑ์ช่วยเหลือผู้ประสบภัยน้ำท่วมกทม.](https://www.thansettakij.com/general-news/670252)
- [Source: เดลินิวส์ — เช็กเงื่อนไข ออมสินปล่อยกู้ 4 สินเชื่อฉุกเฉิน-ฟื้นฟูช่วยน้ำท่วม](https://www.dailynews.co.th/news/6255089/)
- [Bangkok has 65,300 unsold condos, 25,700 of them ready to transfer](https://dooasset.com/en/articles/bangkok-condo-unsold-stock-q3-2026/)
- [Refinancing a home loan in Thailand 2026: when, cost, is it worth it](https://dooasset.com/en/articles/refinance-home-loan-thailand-2026/)
- [Orange Line free rides Dec 2027, fares Jan 2028; Purple South 2030](https://dooasset.com/en/articles/mrt-orange-purple-south-timeline-2026/)
- [All articles](https://dooasset.com/en/articles/)

Updated: 7 Oct 2026

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