OBS_VALUE: Default interest rates cannot exceed 25 percent (effective rate) per year for non-title loans, and 24 percent (effective rate) per year for title loan.For an unofficial English translation of the Notification of the Bank of Thailand No. NPG. 12/2563, please see https://www.bot.or.th/Thai/FIPCS/Documents/FPG/2563/EngPDF/25630184.pdf. 