Loan Approval Criteria


Applicants for loans must be aged 20 years or over, with a maximum repayment period of 40 years. However, when combining the age of the applicant with the repayment period, it must not exceed 70 years or 75 years (as the case may be).

credit approval process

1. Apply for a loan at a bank branch

You can apply for a loan with supporting documents at your convenient bank branch or online. Employees will determine preliminary credit based on interview data. and your documents, such as income, family expenses, and other liabilities to assess your ability to pay in installments.

2. Summarize, analyze and present the loan application with supporting documents for approval.

Once it has been determined that you have the ability to pay in installments up to the credit limit applied for. Employees will refer the matter to the securities appraisal. There will be staff from the collateral appraisal company. Contact you to make an appointment to assess the collateral value. At the date and time that is convenient for you, within 3 working days after you have submitted the loan application.

After that, the branch staff will record the information in the system according to the interview. and your documents such as income, family expenses, and other liabilities to be submitted to the credit approver for further consideration

considering

  • The purpose of applying for a loan such as buying land, building, buying a condominium, redeeming a mortgage, etc.
  • Qualifications of the borrower such as status, education, occupation, etc.
  • Ability to pay off loans
  • Type and value of collateral
3. Notify the result of credit approval approval

The bank will contact and notify you of the results of credit approval within 7 working days from the date you submit the loan application. with supporting documents (complete) to prepare for the contract date

4. Make a loan agreement and mortgage contract

If you are approved for a loan The bank will make an appointment with you to make a loan agreement at the bank branch. and make an appointment for a legal action at the Land Department where the collateral or title deed is registered

In the event that there is a co-borrower or spouse, you must make an appointment for them to sign every contract.

for expenses on the contract date Bank staff will inform you again on the appointment date.

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