Key Term and Conditions

Loan objective

- New construction / repairs / renovation
- 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% *

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 better

Calculate 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 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)

 

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

Enquiry

Please leave us your information. We will contact you as soon as possible

I hereby agree and give my consent to Muang Thai Life Assurance Public Company Limited to collect and use my given information to disclose such information to life insurance agents, life insurance brokers, and business partners for the purposes of sale offering of life insurance plans and/or proposing other privileges to me.
For more information. Please contact Credit marketing team, Lending Department
  • creditmarketing@muangthai.co.th

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