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All-Purpose Loan for Employees of Private Enterprises

All-Purpose Loan for Employees of Private Enterprises

 

Employer-endorsed MOU:

 

Qualified Borrowers:

  • Regular employees with minimum three-year employment record in a private enterprise (Note: guarantors must be individuals from the same organization with requirements similar to those applied to the borrowers).

 

Purpose of Loan:

  • Daily living cost.

 

Credit Line and Period:

  • Guarantor-required or guarantor-waived: maximum Baht 500,000 for a maximum of ten-year borrowing period;
  • Mortgage/ transfer right of claim to savings as guarantee: maximum Baht 5.0 million and a maximum of 15-year borrowing period.

 

Interest Rate;

  • Guarantor-required and guarantor-waived;   
  • Income deducted by employers for debt repayment: MRR + 2.00%;
  • Employers confirm transfer of borrowers’ income to their savings accounts: MRR + 3.50%;
  • Mortgage: MRR;
  • Transfer right of claim to savings as guarantee: savings rate + 1.50%.

 

Required Documents for Loan Application:

  • Copies of personal ID card, census registration proof, borrowers’ and guarantors’ employee ID cards;
  • Original copy of income certifying letter or salary slip or copies of bank statement.

 

In the Absence of Employer-endorsed MOU:

 

Qualified Borrowers:

  • Regular employees with minimum three-year employment record in a private enterprise (Note: guarantors must be individuals from the same organization with requirements similar to those applied to the borrowers).

 

Purpose of Loan:

  • Daily living cost.

 

Credit Line and Period:

  • Guarantor-required or guarantor-waived: maximum five times the income and maximum ten-year borrowing period;
  • Mortgage/ transfer right of claim to savings as guarantee: maximum five times the income and maximum 15-year borrowing period.

 

Interest Rate;

  • Guarantor-required and guarantor-waived;   
  • Income deducted by employers for debt repayment: MRR + 2.00%;
  • Employers confirm transfer of borrowers’ income to their savings accounts: MRR + 3.50%;
  • Mortgage: MRR + 1%;
  • Transfer right of claim to savings as guarantee: savings rate + 1.50%.

 

Required Documents for Loan Application:

  • Copies of personal ID card, census registration proof and borrowers’ and guarantors’ employee ID cards;
  • Original copy of income certifying letter or salary slip or copies of bank statement.

 

For more information, please contact