Credit Limit (baht)
|
Standard Interest Rate (p.a.)
|
Not exceeding 30,000
|
23%
|
30,001 - 100,000
|
21%
|
100,001 - 200,000
|
20%
|
200,001 - 300,000
|
18%
|
300,001 - 1,000,000
|
16%
|
The interest rate ceiling, including penalty, service and related fees for loan contracts, dated before August 1, 2020 is 28% p.a.
The interest rate ceiling, including penalty, service and related fees for loan contracts, dated from August 1, 2020 onwards is 25% p.a.
From April 1, 2021, a penalty rate of not more than 3% p.a. on the principal portion of the overdue installment, will be charged on top of the maximum interest rate specified in the loan contract and will not exceed the interest rate ceiling including penalty, service and related fees.
The grace period for the penalty is seven days from the payment due date.