Process and Qualifications
Process and Qualifications

For steady future and convenience for members of Student Loan Fund, we provide a loan online system or e-Studentloan since 2008 for students, loanees to receive fund as soon as possible in a short time and process through www.studentloan.or.th

Students’ Qualifications
  • High School Level (professional and vocational school)
  • Undergraduate Level (Associate, Bachelor’s Degrees) both regular and special classes
  • Vocational Level (High Vocational Certificate, Associate and Bachelor’s Degrees): Being Thai nationality with household income of less than 200,000 baht per year and other qualifications required by the monetary fund
Bondsmen’s Qualification (one of the conditions)
  • Being parents of the loanees
  • In the case of deceased father and mother, signature of the adopted guardians must be required
  • Being a person with reliable income
  • If the spouse of the bondsmen refusing to sign in a contract, such bondsmen can sign a contract without their spouse’s consent
  • In case of no bondsmen, securities must be required
    • •
Income Certified Person in Loan Agreement (one of the conditions)
  • Being government employees above C5 or equivalence and must be at least a colonel for soldier or police
  • Being management of educational institution
  • Being local government from village chief (except for government enterprise employees, mayors and other positions)
Loan Money
  • For tuition and expenses related to education paying to education institution
  • For cost of living including living, personal expenses paying to the students’ Krung Thai Bank account

Remark: Students have to submit loan application every education year. The education institution will consider the loanee’s qualifications within annual budgeted fund.

Loan Application through e-Studentloan System
  • Enter website:www.studentloan.or.th to become a member using identification number as the username and assign password to login into e-studentloan system
  • Fill in the loan application form choosing from education level, high school, vocational college or university level and identify loan objectives: tuition / educational related expenses / living expenses
  • Fund announcement is available at the education institution or in the monetary fund’s website
  • A saving account with Krung Thai Bank is required for loanees
  • Fill in the loan documents, sign and submit all documents according to the conditions of the monetary fund (agreement is done only the first semester or when changing education level or education institution)
Payment Criteria
  • When graduating or stop studying for two years, loanees have to pay back to the monetary fund according to the time line and method specified in the monetary fund’s committee’s regulations
  • Loanees who still study with less than two consecutive years of loan and has not notified of the student’s status to the bank, the loan is considered to be due.
  • Before the 5th of July of the due date year, loanees will receive the principal notification from the bank, first payment amount, loan processing fee, including annual payment schedule
  • Loanees need to pay for the first payment within July 5 of the due date year.
  • 1% interest on the remaining principal of the first year must be paid within July 5 every year and loanees have to pay all amount within 15 years starting from the first payment
  • It is considered to be default of payment if loanees do not have ability to pay for debts within the due date, which is July 5th every year. Interest will be collected for 12% per year calculated from the principal overdue in case of such overdue is less than 12 months. If such overdue is more than 12 months, 18% interest per year will be applied.
Loan Due Date Calculation

Example If the loanees graduated or stopped studying in 2010, the first payment is due on July 5th, 2013 (click here for picture)

Total Current Balance Inquiry
    There are four channels for Total Current Balance Inquiry:
  • Visit www.studentloan.or.th by entering identification number, and date of birth
  • KTB Call Center, 1551
  • KTB Help Desk, 0-208-8699
  • Krung Thai Bank PCL nationwide
Repayment Methods
  • Paying through automatic deduction from Krung Thai Bank PCL saving account by notifying the requirement to the bank when making a loan agreement or when opening a new saving account. Loanees need to deposit to the account before July 5 every year (for annual payment term) or before the day of 5 of every month (for monthly payment term). Updated book bank after debiting is required.
  • Paying at Krung Thai Bank PCL counter service nationwide. Loanees can pay more or equal due amount and will receive a payment receipt in return
Pre-payment

Loanees can pay back the entire amount or partial of loan before graduating or during the two years grace period without any interest

Payment Methods

First payment
Loanees have to pay for debts at Krung Thai Bank branches nearest to you as followed:

  • Fill out loan repayment identification form (Kor Yor Sor 201)
  • In case of changing from annual to monthly payment term, please notify changing requirement
  • Notify the first payment amount before paying and loanees will receive a payment receipt from the monetary fund
    * Payment fee will be charged for 10 baht
  • Having more deposit money in saving account than the amount and overdue amount loanees need to pay (if any) including interest and interest penalty (if any) or pay at Krung Thai Bank PCL counter service nationwide
In case of receiving loan invoice during studying or before 2 years after graduating,

Loanees have to fill out “education status report form” (Kor Yor Sor 204) and asks the education institution to certify their status annually until graduating. For those with less than two years graduated, graduation certificate or degree certificate or transcript is required for loan repayment.

In case of death of loanees or being declared as a disable,
  • In case of death, such loan agreement is terminated. Legal heir or education institution of such loanee have to submit death certificate to the bank’s authorized person
  • In case of being declared as a disable, disable identification card must be shown to the bank for consideration of voiding payment as stated in the agreement
Change of Address / Office / Other Status Notification

In case of changing loanees’ status such as name, surname, address, bank account number, starting and working place, loanees have to fill out a changing form and send it to the bank as the following address:

Government Project Management Department, Krung Thai Bangk Public Co., Ltd., Sukhumvit Building,14th Floor, No. 10, Sukhumvit Road, Kwaeng Klongteoy, Khet Klongtoey, Bangkok 10110
(view picture here)

Monetary Fund Loan Agreement Conditions
  • In case of changing of name, surname, address, educational institution or graduated or stop studying, loanees need to send a letter of notification to the bank within 15 days since the date of such changing. If not, it is said of breaching agreement and the loanees may have a right to terminate such agreement immediately
  • Starting working place including salaries or wages must be indicated in writing to the fund’s executives and committee in case of graduating within 30 days of staring work. If there are such changing, loanees need to send a notification within 30 days since such changing occurred
  • Documents relevant to number 1 and 2 conditions above are required by Krung Thai Bank
For more information, please contact