Key Term and Conditions
Loan objective
- New construction / repairs / renovation
- Loan to buy apartment
- Refinancing
- Working capital for business expansion
- Loan to buy apartment
- Refinancing
- Working capital for business expansion
Term and amount
- Maximum loan period of 15 years
- Providing construction costs up to 100% *
- Providing construction costs up to 100% *
Interest rate
- Fixed interest rate throughout the contract period
* Based on actual construction cost but not over 70% of appraisal value of the property.
Service Information
With a special fixed rate offer throughout the contract period from Muang Thai Life Assurance Will help you reduce interest rate risk in the event that interest rates fluctuate according to economic conditions Enabling you to control financial costs and be able to plan your business management betterCalculate your Loan
Monthly Payment
0 THB
Document required for consideration
Copy of identification card of applicant / spouse / guarantor
Copy of marriage certificate or divorce certificate
Copy of applicant's name-surname change certificate
Record business income - expenditure for the past 1 year
Proof of income tax
Statement dating back 6-12 months
Certificate of credit bureau
Copy of commercial registration or trade registration (if any)
Construction contract / BOQ (if any)
Copy of purchase and sale agreement Or deposit contract (if any)
Copy of title deed, collateral / location map and construction permit
Copy of loan agreement from the original financial institution (in case of Re-Finance)
Copy of mortgage contract (in case of Re-Finance)
Copy of receipt for loan repayment for the past 1 year (in case of Re-Finance)
Copy of marriage certificate or divorce certificate
Copy of applicant's name-surname change certificate
Record business income - expenditure for the past 1 year
Proof of income tax
Statement dating back 6-12 months
Certificate of credit bureau
Copy of commercial registration or trade registration (if any)
Construction contract / BOQ (if any)
Copy of purchase and sale agreement Or deposit contract (if any)
Copy of title deed, collateral / location map and construction permit
Copy of loan agreement from the original financial institution (in case of Re-Finance)
Copy of mortgage contract (in case of Re-Finance)
Copy of receipt for loan repayment for the past 1 year (in case of Re-Finance)
Copy of identification card of applicant / spouse / guarantor
Copy of applicant's name-surname change certificate
Record business income - expenditure for the past 1 year
Proof of income tax
Statement dating back 6-12 months
Certificate of credit bureau
Financial statements for the past 3 years
Copy of commercial registration or trade registration (if any)
Construction contract / BOQ (if any)
Copy of purchase and sale agreement Or deposit contract (if any)
Copy of title deed, collateral / location map and construction permit
Copy of loan agreement from the original financial institution (in case of Re-Finance)
Copy of mortgage contract (in case of Re-Finance)
Copy of receipt for loan repayment for the past 1 year (in case of Re-Finance)
Copy of applicant's name-surname change certificate
Record business income - expenditure for the past 1 year
Proof of income tax
Statement dating back 6-12 months
Certificate of credit bureau
Financial statements for the past 3 years
Copy of commercial registration or trade registration (if any)
Construction contract / BOQ (if any)
Copy of purchase and sale agreement Or deposit contract (if any)
Copy of title deed, collateral / location map and construction permit
Copy of loan agreement from the original financial institution (in case of Re-Finance)
Copy of mortgage contract (in case of Re-Finance)
Copy of receipt for loan repayment for the past 1 year (in case of Re-Finance)
Installment Table
| Credit Limit | Recovery Period (Years) | ||||
|---|---|---|---|---|---|
| 5 | 7 | 10 | 12 | 15 | |
| 5,000,000 | 97,000 | 74,000 | 56,000 | 49,000 | 43,000 |
| 10,000,000 | 194,000 | 147,000 | 112,000 | 98,000 | 85,000 |
| 15,000,000 | 290,000 | 220,000 | 167,000 | 147,000 | 127,000 |
| 20,000,000 | 387,000 | 293,000 | 223,000 | 196,000 | 169,000 |
| 25,000,000 | 484,000 | 366,000 | 278,000 | 244,000 | 211,000 |
| 30,000,000 | 580,000 | 439,000 | 334,000 | 293,000 | 254,000 |
| 50,000,000 | 967,000 | 731,000 | 556,000 | 488,000 | 422,000 |
| 75,000,000 | 1,450,000 | 1,096,000 | 833,000 | 732,000 | 633,000 |
| 100,000,000 | 1,940,000 | 1,461,000 | 1,111,000 | 976,000 | 844,000 |
The said installment is calculated from the interest rate of 6% per annum. The company reserves the right to change the loan interest rate according to the conditions and types of each loan facility.
FAQ
How does Muang Thai Life Assurance Public Company Limited provide credit?
Company Credit Policy Muang Thai Life Assurance Public Company Limited operates the business of providing loans under the supervision of the Office of Insurance Commission. (OIC) by focusing on providing long-term loans to entrepreneurs at a fixed interest rate, therefore consistent with the apartment business. Considered an alternative to interested entrepreneurs
What is the difference between fixed interest rate and floating interest rate?
General financial institutions offer loan with floating interest rate which can be fluctuated depends on economic situation. This floating interest rate causes variation in financing cost to the business owner. In contrary, fixed interest rate provides stable financing cost which is not depends on economic condition and easier for financial planning of the business.
How long does Muang Thai Life Assurance Public Company Limited provide an apartment loan installment period?
15 years
What is the maximum loan for construction cost for the apartment?
The maximum loan for construction cost is 100% from the actual construction cost depending on the ability to pay. However, the total loan amount must not exceed 70% of the appraised value of property
In the case of no debt Can I borrow more?
Able to borrow, however, depending on the borrower's ability to pay and the total loan amount must not exceed 70% of the appraised value of the property.
If interested in applying for a loan to do apartment business But don't know how to start What should be done
The company has a team of experts ready to give advice without charge. Can be contacted at 02-274-9400 ext. 2207, 4039,4078,4498 Or send an email to creditmarketing@muangthai.co.th As well as leaving a contact number for the staff to contact you back
For more information. Please contact Credit marketing team, Lending Department
- creditmarketing@muangthai.co.th
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