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Multi-Purpose Loan for Retired Government Officer

Multi-Purpose Loan for Retired Government Officer

 

Always by Your Side at Every Stage of Life
 

Applicant’s Qualifications:
 

 Be a pensioner listed in the local Office of Finance and receives monthly pension in an adequate amount to pay off loan installment.

 

Loan Purpose:
 

 To cover the actual living expenses and pay off outstanding debts for financial institutions, including KTB.

 

Loan Credit Limit:
 

Must not exceed the amount specified in original letter certifying your family inheritance pension.

 

Interest Rate:
 

 MLR – 0.375% per annum.

 

Loan Period:
 

 Maximum 30 years. No age limit.

 

Collateral:
 

 The right to your family inheritance pension.

 

 Payment Method:
 

  • Principal installment with interest, or
  • Interest payment only

 

Required Document:
 

  • A copy of ID card, a copy of pensioner’s government employee card and a copy of loanee’s census registration.
  • Original letter certifying your family inheritance pension.

 

 

Collateral

LTV

Interest Rate

1. Pledge as collateral

    1.1 Land (deed)

 

   1.2 Land with building or rooms in apartment building

O/D or T/L combined must not exceed 50% of appraisal value.

O/D or T/L combined must not exceed 60% of appraisal value.

- O/D : MRR+ 2.0% per annum

- T/L : MRR+ 1.0%  per annum

2. Pledge bond as collateral

O/D or T/L combined must not exceed 90%

- O/D : MRR+ 1.0% per annum

- T/L :  MRR per annum

3. Pledge deposit account as collateral

- O/D  must not exceed  90%

- T/L must not exceed 100%

Interest gained from deposit account plus 2.0% per annum

 

 

For more information, please contact