5 Bank Loan Options in Bangkok This 2024 | The Beat Bangkok
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Need a Bank Loan? Here Are Five Loan Options in Bangkok This 2024

Home Loan Nick Youngson Alpha Stock Images Photo by Alpha Stock Images/Nick Youngson

A bank loan can seem daunting with all the numbers involved, often causing people to shy away. However, the benefits it offers, whether for purchasing a home or something else, are immense. Simply put, a bank loan is when a bank lends money to consumers for a specified period. As part of the agreement, the borrower must pay interest either monthly or annually.

In Bangkok, numerous banks and finance companies provide this service, so explore your options below to find the best fit.

Happy Cash Personal Loan by LH Bank

With a history spanning two decades, LH Bank positions itself as one of the most trusted financial institutions in Thailand. It offers a wide array of services, including opening a bank account, applying for insurance, and money transferring.

Those who are looking for a reliable loan service may opt for its Happy Cash Personal Loan, which gives customers the option to borrow up to five times their income or a maximum of THB1.5 million, with a repayment period of up to 60 months. The loan offers low-interest rates, flexible options tailored to individual needs, and a swift approval process. Additionally, no guarantor or collateral is required, providing borrowers with peace of mind. Apply here.

Home Loan 4U by CIMB Thai

Dubbed the leading ASEAN focus bank, CIMB Thai is a trusted financial organisation that offers consumer banking, investment banking, Islamic banking, and commercial banking, among others.

It has a loan service called Home Loan 4U, which offers an appealing interest rate for those looking to acquire or construct residential properties. With this loan, borrowers can opt for easy monthly installments of the same amount. Eligibility criteria include being a Thai national currently residing and working in Thailand. For single borrowers, a minimum monthly income of THB15,000 is required. Business owners or self-employed individuals should earn at least THB20,000 if residing in provincial areas, and THB30,000 if based in Bangkok. Apply here.

Krungthai Smart Money Loan by Krungthai

A state-owned bank under license issue owned by the Ministry of Finance, Krungthai has been serving the money-conscious population of Thailand since 1965. It has a wide variety of services, from deposit to credit card and insurance options.

If you want to apply for a loan, the bank offers the Krungthai Smart Money Loan, a special cash loan with a lower interest rate. This product allows you to access funds of up to five times your income, capped at THB1 million. The application requires just a THB30,000 minimum salary. No collateral or guarantor is needed. Apply here.

Home Loan by KBank

ลดดอกเบี้ย ลดภาระ ผ่อนบ้านหมดไว เปลี่ยนมารีไฟแนนซ์บ้านที่ธนาคารกสิกรไทย 🏡 💰 ดอกเบี้ยคงที่เริ่มต้น 1.99%...

Posted by KBank Live on Friday, March 1, 2024

KBank is a banking establishment that strongly promotes sustainability through its services and PR activities, encouraging the young generation to “live responsible, balanced, and sustainable lives.”

Its Home Loan promises speedy approval within just 3 days, making it a convenient choice for borrowers. For salaried workers, the loan offers competitive interest rates: Year 1 to end of term at MRR+1.75% and a 3-year average interest rate of 7.72%. The effective interest rate (EIR) throughout the 20-year loan term is at 7.72%.

Borrowers can opt for installment plans extending up to 30 years. Acceptable collateral includes a variety of properties such as houses, vacant land, remodeling projects, townhouses, commercial buildings, and condominiums. Apply here.

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