Loan Interest Rates

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	Loan Interest Rates

Table of Interest Rates and Actual and Reasonable Expenses for Credit Facility Amounts ^1/

Effective as from July 19, 2007

Interest Rates		Unit: %per annum
1. Term Loans for Corporate Customers in Good Standing	(MLR)	6.875
2. Overdraft Facilities for Corporate Customers in Good Standing	(MOR)	7.125
3. Retail Customers in Good Standing	(MRR)	7.375

Commercial Loans	O/D	Revolving	Short Term (<1 year)	Long Term (>1 year)
Maximum Interest Rates (% per annum)
4. Maximum Rate	MRR+4.125 = 11.50	MRR+4.125 = 11.50	MRR+4.125 = 11.50	MRR+4.125 = 11.50
5. Maximum Default Rate	15.00	15.00	15.00	15.00

Consumer Loans	Personal ^1/		Housing
Consumer Loans	Secured	Unsecured	Housing
Maximum Interest Rates (% per annum)
4. Maximum Rate	MRR+4.125 = 11.50	MRR+4.125 = 11.50	MRR+4.125 = 11.50
5. Maximum Default Rate	15.00	15.00	15.00
Actual and Reasonable Expenses
6. Expenses payable to governmental organizations, i.e.,
1) Stamp duty	0.05% of total facility amount ^3/but not exceeding Baht 10,000
2) Mortgage registration expenses	1.00% of total facility amount, but not exceeding Baht 200,000	-	1.00% of total facility amount, but not exceeding Baht 200,000
7. Expenses payable to any other person, ie.,
Non-Defaulting Cases
1) Expenses for appraisal of collaterals ^2/	-	-	-
2) Insurance premium	Actual	-	Actual
3) Expenses for making payments through other channels	-	-	-
4) Expenses for examination of credit information ^5/	Baht 5, 12	Baht 5, 12	Baht 5, 12
Default Cases
1) Expenses for returning cheques	-	-	-
2) Expenses in case the amount in the account is insufficient (where payment of debt is made by debiting an account maintained with any other commercial bank)	-	-	-
3) Expenses for making demand for debt payment ^2/	-	-	-
8. Expenses which are operating costs
Non-Defaulting Cases
1) Expenses for appraisal of collaterals ^2/	0.25% of the facility amount granted (minimum Baht 2,500 ^4/)	-	Baht 2,500
2) Expenses for a second copy onwards of a statement of debt for each specified period	-	-	-
Defaulting Cases
1) Expenses for making demand for debt payment ^2/	-	-	-
2) Expenses in case of prepayment for housing loan (where refinancing is provided by any other financial institution and the mortgage for such loan is released)	-	-	3.0% of the facility amount ^6/

Remarks:

1/ Credit card facilities, personal loans under supervision of, and other credit facilities under special regulations prescribed by, the Bank of Thailand, are not included.
2/ Expenses referred to in 7 and 8 shall not be repeatedly collected.
3/ In case of a personal loan with individual as guarantor, additional expense for duty stamp of Baht 10 shall be paid for the Guarantee Contract and Baht 5 for a copy thereof.
4/ For a personal loan, expenses for appraisal of immovable collateral shall not exceed Baht 12,000 and of movable collateral shall not exceed Baht 10,000, whereas there shall be no minimum expense in case of a credit facility for education.
5/ Expenses for credit information examination: Baht 5 per item where credit information is not found or Baht 12 where credit information is found.
6/ Expenses in case of prepayment of housing loan in full prior to the end of 3 years from the date of the loan agreement.


	Definition of customers to whom interests are charged:
	Corporate Customers in Good Standing mean Corporate Customers with good financial condition and/or with sufficient collaterals (the Bank may have regard to the type and value of collaterals placed as well as financial record of each customer). Retail Customers in Good Standing mean Retail Customers with good financial condition and/or with sufficient collaterals (the Bank may have regard to the type and value of collaterals placed as well as financial record of each customer). Download Loan Interest Rate in PDF format from here. Download Historical Loan Interest Rate in PDF format from here.


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