Purpose of recovery
To buy land or a house, townhouse or condominium as a residence or their families.
To build homes on land for a living for themselves and their families.
To buy land and build homes at the same time.
Payment for the purchase or construction of a house or land for housing projects in cooperation between government agencies and banks.
In order to improve upon or repair their homes and families.
To redeem the mortgage of land and homes from other banks or other financial institutions.
To redeem the mortgage from another bank or other financial institution. And loans to build homes at the same time.
Qualified Borrowers
Civil servants (including employees) as well as public authorities. Officials or state organizations (Which is a government agency. Or agencies of the Autonomous Government) or employees of agencies, government agencies have regulations or rules or contract work until retirement.
Employees under state university Or state college or professional medical staff (including doctors, dentists, pharmacists, medical technicians. Nurses Medical radiation physical therapist Medical scientists And occupational therapy), the Ministry of Health. Or hospitals / public hospitals).
Employees
The borrower must not be older than 40 years.
Agency of borrowers Has signed a Memorandum of welfare housing loans without deposits held with banks.
Term of Loan
Be the loan period is 20 years, 3 format or 25 years and 30 years, with a period determined by the borrower to receive money from the agency. Until his retirement last year, and agencies such deductions remitted bank. And the borrower's age, combined with the repayment period not exceeding 65 years of age by rounding down the loan agreement.
For example, the period of the loan.
The age of the borrower 34 years to 65 years of age receive a salary equal to the 31-year contract for the period of the loan is 30 years.
The age of the borrower 35 years to 60 years of age receive a salary equal to the 25-year period of the loan is 25 years.
Installment
How regressive installment agreement.
30 years
The first year, down 20 percent from the normal rate of pay.
Year 2 - 3 years, down 10 percent from the normal rate of pay.
Year 4 - 5 years, down 5 percent from the normal rate of pay.
Year 6 - 25 years pay normal rate.
26 years - 30 years increased from 10 per cent rate of interest or repayment of principal, recalculated to be completed within the contract period.
25 years
The first year, down 15 percent from the normal rate of pay.
Year 2 - 3 years, down 10 percent from the normal rate of pay.
Year 4 - 5 years, down 5 percent from the normal rate of pay.
Year 6 - 20 years pay normal rate.
21 years - 25 years increased from 10 per cent rate of interest or repayment of principal, recalculated to be completed within the contract period.
20 years
The first year, down 10 percent from the normal rate of pay.
Year 2 - 3 years, down 5 percent from the normal rate of pay.
Year 4 - 15 years to pay the normal rate.
16 years - 20 years increased from 10 per cent rate of interest or repayment of principal, recalculated to be completed within the contract period.
* Interest rate usually means that the rate of repayment of principal and interest on a monthly basis over the same loan. The maximum rate of the calculation.
Interest rate
The one-year lending interest rate in Thailand home convenience - 0.25% per year (= 3.00%).
2-3 year lending interest rate in Thailand home convenience - 0.75% per year (= 5.525%).
The following year home mortgage interest rates in Thailand and convenient - 0.25% per year (= 6.025%).
The average interest rate was 5.54% ** (MLR = 6.525, announced on May 26, 2558).
Note: ** Calculated by assuming 1.00 million baht loan agreement 20 year amortization 7,200 baht / month.
Documents and evidence to borrow.
Notice list of pre-qualified borrower or a certificate from the agency.
A copy of the consent to the deductions.
ID card or government ID card
Certificate of income of the borrower and the guarantor.
Notes
Credit approval According to the rules and conditions of the Bank.
The Bank reserves the right to change conditions without notice.
