NGV Vehicle Loan
NGV Vehicle Loan

To sustain the national energy, NGV (Natural Gas for Vehicles) Personal Loan was established for supporting NGV vehicles owners in NGV modification and installation with the collaboration of PTT Plc.

Service Features

NGV Personal Loan is the special loan for NGV modification and/or installation with low fixing interest rate. Bondsmen are not required for individual loanees, however, for juristic persons, securities are according to the bank’s regulation including at least one managing director or authorized director as a bondsmen are required.

In case of securities are not enough for loan’s amount, loan committee may ask for car registration of the NGV equipped vehicle or conveying payment claimed under the contract as the extra guarantee; however, at least one managing director or the authorized director are required.

Applicants’ Qualifications

Being bank’s or our subsidiaries’ customer whose NGV distributors are registered to PTT NGVCIS


Individuals
  • Being fixed-income earners whose salary is paid through the bank
  • Being the owners of NGV equipped car, spouses or parents of the owners
  • Minimum monthly income of 10,000 baht and net income after debt deduction must be enough for paying installment. Applicants must write the letter of consent allowing bank to auto debiting through their bank accounts.
  • At least 1 year of employment and not exceeding 60 years old calculated from loanee’s age and installment period
  • No default of payment record and allowing bank to check their financial statement

Juristic Persons
  • Being registered as juristic persons and running business for at least 5 years
  • The recent turnover must be over 2 consecutive years’ profit
  • Being the NGV car’s owners
  • No financial blacklist record. In case the applicants have had non-performing loan (NPL), at least one year of debt restructuring and conditions’ following are required
Service Terms/ Conditions
  • Loan type Time-limited loan
  • Loan Term and Installment
    • Individuals: The installment term must not exceed 3 years or 36 times
    • Juristic Persons
      • For loan amount lower than 100,000 baht, 3 years maximum installment or 36 times
      • For loan amount more than 100,000 baht, 5 years maximum installment or 60 times
Required Documents
  • Individuals
    • A copy of national ID card or government officer/state enterprise ID card
    • A copy of applicants’ census registration
    • Original salary letter or any financial documents showing reliable income
    • A copy of driving license or copy of cooperative membership (in case of co-op taxi)
    • Letter of consent loan information disclosure
  • Juristic Persons
    • A copy of ID card and copy of bondsmen or authorized director’s census registration
    • Commercial Registration or Memorandum of Association (MOA)
    • Minutes of the Board’s meeting allowing company to loan from financial institutions
    • Financial documents such as copy of bank statement for the past 6 months and financial report for the past 3 years
    • Letter of consent of loanee’s and bondsmen’s loan information disclosure
    • A copy of car registration. If applicants own more than five NGV cars, car registration information must be required
    • Application form of NGV equipment program
    • An appraisal or quotation from NGV Installation Company which are in the name list provided by PTT. Price index are available at www.pttplc.com
    • A copy of documents authorized by government to operate the transportation or aviation service
    • Copy of letter or certification of results from auditor assigned by PTT
    • Other documents according to the bank’s regulations
Interest rate and fee

Individuals Fixed interest rate at 5% per year

Juristic persons Fixed interest rate at 4% per year

In case of default of payment, we will collect the interest of default as regulated by us including fee charge

For more information, please contact