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“Urgent loan” 50,000, close the informal debt, get free, good loan with Smart Cash limit

“Urgent loan” 50,000 baht Good repayment loans with Smart Cash limit source legal loan I can’t pay the debt. I want to close. informal debt clear to the end aid measures from Bank for Agriculture and Agricultural Cooperatives (BAAC) Maximum loan amount of 50,000 baht per person, repayment period of not more than 12 months, free loan protection in case of death. If you don’t want to return to informal debt with high and unfair interest burdens again, apply now – 31 March 2023.

“Urgent loan” Good repayment loans with Smart Cash limit

  • For customers who borrow loans under the informal debt correction project that repays debts within the specified period. and there is an emergency need for money to prevent incurring informal debt by supporting revolving credit through ATM cards according to the loan principal that has been repaid under the informal debt correction project Maximum not more than 50,000 baht per person, interest rate MRR + (0 to 3) per year, repayment period of not more than 12 months from the loan date, only 1 account per person.

benefits

  • Mortgage protection in case of death not exceeding 50,000 baht per person

This is to facilitate farmers, customers who need credit. You can request a loan via LINE Official BAAC Family.

Good repayment loans with Smart Cash limit, who is it suitable for?

  • Suitable for those who pay off the informal debt settlement project on time.
  • Loan amount not exceeding 50,000 baht
  • MRR + (0 to 3) interest per annum
  • Repayment period not more than 12 months
  • benefits In the event of death, receive no more than 50,000 baht

Loan terms

  • It is a ready-to-use credit line service via electronic card. by linking the loan account to an ATM or debit card that the customer has a deposit account with the bank by calculating interest on the loan from the actual amount of the loan debt counted from the date of the loan disbursement

“Urgent loan” Good repayment loans with Smart Cash limit who can borrow

  • Customers of the bank’s informal debt solution project who can pay the principal in at least 2 installments and not less than 20% of the loan amount and are not NPLs.
  • Passed development and have certificates or evidence of development/training as required

note :- Informal debt correction project for farmers and households

  • For paying informal debts arising from farmers, customers, spouses, children, parents of customers farmers or spouses who are dependents of customer farmers.
  • The loan amount does not exceed 100,000 baht per person, except in the case of the purpose of preserving arable land where the debtor uses the land for mortgage, not exceeding 150,000 baht per person.
  • Interest rate 12% per annum
  • Repayment term of 10 years, up to a maximum of 12 years
  • and receive benefits for credit protection in the event of death not exceeding 100,000 baht per person
  • Return of interest at the rate of 30% of the interest paid on debt

objective

  • to be used as emergency expenses needed in the household Prevents returning to informal debt. Only 1 account per person.

Credit limit (Loan to value)

  • Set a maximum loan limit of not more than 50,000 baht per person and can change the loan amount throughout the contract period.

installment period

  • The principal and interest must be paid at the same time in the amount not exceeding 12 months from the contract date. If the customer is able to pay interest in full together with payment of fees for using the loan in the following year at the rate announced by the bank The bank will extend the repayment period of the principal amount remaining on the debt for no more than 12 months at a time according to the original repayment cycle.

fee

  • Credit limit usage fee At the rate of 1% of the loan amount, but not more than 500 baht, which will be charged for a period of 1 year on the date of the loan agreement. In the following year, it shall be collected on the date of wishing to extend the repayment period.

The principle of repayment in installments

  • Calculating interest by reducing interest (Effective Rate)

interest rate

  • Calculate interest rates according to customer tiers according to each customer’s regulations.

default interest rate

  • Charge interest on the principal portion of the defaulted payment as announced by the BAAC (MRR + 3) plus an additional 3% interest per annum (MRR + 3 + 3) counting from the due date. until the repayment of the unpaid principal amount is completed unless there is a reasonable cause for waiver

Loan collateral

  1. Mortgaged land not more than 95% of the mortgage amount
  2. 2 persons, guarantee not more than 300,000 baht
  3. 1 civil servant, guarantee of not more than 100,000 baht

Conditions for borrowing money under the project

  • It is a ready-to-use credit line service via electronic card. By linking the loan account with an ATM card or debit card that the customer has a deposit account with the bank. by calculating interest on the loan from the amount of the loan that the customer actually draws counted from the date of the loan disbursement

Notification of payment of debts or fees

  • You will receive an invoice before the loan repayment is due or SMS or pick it up in person at a branch.

Notification of receipt of payment from the customer

  • When you have paid the loan installment to the bank You will receive a receipt from the bank. This will contain details such as payment amount, remaining principal and interest, etc.

Notification of changes in terms of service or other important notifications, various fees

  • according to the bank’s announcement

Ways to contact the product issuer

  • For more information, please contact BAAC, every branch or Call Center 0-2555-0555.

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