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Local Education Loan

Local Education Loan

 

Since education is the future of national security, we launch “Local Education Loan” for students above undergraduate of being domestic educational fund such as tuition fee, textbook and educational equipment including cost of educational programs related to future career confidence.

 

Service Features

Being a local education loan such as tuition fee, textbook and educational equipment, etc, for undergraduate student including the cost of educational programs related to career or graduate programs of educational institutions, approval by government, with the 80% maximum loan of overall course’s cost with divided payment of not exceeding 80% of semester

 

Applicants’ Qualifications

Loanees’ Qualifications

  • Being loanee’s parents or employees who would like to further study

  • Having fixed income or owning personal business

  • Being sui juris and not exceeding 65 years old calculated from loanee’s age and installment period. The younger is deemed to be considered in case of co-loanee

  • Not being in debt or insolvent

 

Bondsmen’s Qualifications

  • Being government officers / state enterprise employees / state organization employees with salary of not less than 15,000 baht,

  • Being private company employees with salary of not less than 20,000 baht

  • Owning personal business with monthly income of not less than 50,000 baht

  • Not being in debt or insolvent

 

Service Terms/Conditions

  • Loan Types: Personal Loan

  • Length of credit and installment: 10 years maximum

 

Required Documents

  • A copy of ID card, employee card of government officer or state organization

  • A copy of census registration, marriage certificate, divorce certificate of loanees, bondsmen (If any) and spouse

  • A copy of certificate of change of name and/or surname (if any)

  • Income certificate or other documents showing reliable income of loanee, spouse (if any) and bondsmen

  • Student certificate / Educational certificate. Trainee and / or other accepted university’s documents

  • Documents provided cost estimates or charging receipts form institutions

 

Interest Rate and Fee

Interest Rate

  • In case of transferring claims of deposit as a security Interest rate is charged on deposit interest rate plus 2% annual margin

  • In case of having security, interest rate will be charged MRR +1.00% per year.

  • In case of having bondsmen, interest rate will be charged MRR + 3.00% per year.

  • In case of default of payment, interest rate will be charged on total outstanding payment with the highest interest rate of the bank.

 

For more information, please contact