KTB Business Assurance Term Loan
In accordance with the borrower’s voluntary intent, this long-term loan is extended to cover his/ her life insurance premium obligations to KTB’s endorsed life insurance operators. In turn, the service will help alleviate potential damage to the borrower’s business loan, designed specifically to protect his/ her business interests in case of death or permanent total disablement on condition that sum insured is fixed throughout the contractual period.
Criteria for Loan Applicants:
Individual customers or juristic persons with existing KTB business loans under the scheme that binds the contractual parties, i.e. Krungthai Bank Pcl. and KTB’s approved insurance companies.
Interest Rates and Fees:
- Interest Rate: MLR per annum;
- Loan management fee, front-end fee and credit consultation fee exempted.
- Other fees apply in accordance with KTB’s regulations.
Types of Loan and Credit Line:
Term Loan (T/L) considered based on the requirement and potential of the borrower and credit line not exceeding the premium paid to KTB’s endorsed insurance companies.
Loan and Repayment Terms:
Loan and repayment terms are considered based on the potential of individual borrower, but will not exceed his/ her existing business T/L credit line and the period covered by the insurance policy as deemed appropriate by the life insurance companies.
Per KTB’s regulations.