Loan Purpose

Term loan to support education or student who has not works or generate any income.

Benefit

• Student who has no income can study in oversea or international school.
• Loan limit is up to USD 100,000 or THB 3,000,000 or equivalent LAK, which is considered high compare to annual tuition fee.
• Repayment period is long and its interest rate is lower compare to other personal loan.
• The borrower can pay down principal of the loan without any charge.

Currency Lending

LAK, THB, USD (depending on currency of borrowers’ income)

Tenor

10 years for bachelor degree (in country and overseas)

5 years for local international school (in country)

3 years for bridging or language course (in country and overseas)

Interest

• 9% p.a for USD and THB
• 10% p.a for LAK

Fees

1)    Loan Application form

2)    Support Purpose of the loan

• Loan Utilization Plan
• Invoice or document for tuition fees from school to justify the loan limit.

3)    Identity Document of borrower and guarantor (if any)

• ID Card [copy]
• Household Registration Book  [copy]
• Passport

4)    Financial Documents:

• Bank Statement
• Financial Report (if any)

5)    Collateral

• Land Title Deed of the collateral [copy]
• A Power of Attorney Letter (Copy), which is a written authorization to represent or act on another’s behalf in private affairs, business, or some other legal matter, sometimes against the wishes of the other. For example, the person authorizing the other to use land(s) as collateral

6)    Other relevant document required by the bank

Specific conditions

• The student who benefit from this loan must be from 5years to 25 years old.
• This loan must have co-borrower, which is the person to responsible for loan repayment. The borrower should be direct family of the student.
•  Age of co-borrower is allowed up to 60years (at maturity date of the loan.
•  Loan Disbursement will be based on duration of the course or according to the fee payment schedule.