Krung Thai Bank

For steady future and stronger national human resources management, we emphasize on educational support by managing Student Loan Fund, under supervision of Ministry of Finance according to the resolution of the Cabinet dated March 28, 1995, to provide fund for students in need for tuition and education fee including living expenses for 1996 academic year.

Qualification:

• High School Level (professional and vocational school)
• Undergraduate Level (Associate, Bachelor’s Degrees) both regular and special classes
• Vocational Level (High Vocational Certificate, Associate and Bachelor’s Degrees): Being Thai nationality with household income of less than 200,000 baht per year and other qualifications required by the monetary fund.

Loan Amount:

1. For tuition and expenses related to education paying to education institution.
2. For cost of living including living, personal expenses paying to the students’ Krung Thai Bank account

Loan Due Date Calculation: Example If the loanees graduated or stopped studying in 2010, the first payment is due on July 5th, 2013

Payment Criteria:

• When graduating or stop studying for two years, loanees have to pay back to the monetary fund according to the time line and method specified in the monetary fund’s committee’s regulations.
• Loanees who still study with less than two consecutive years of loan and has not notified of the student’s status to the bank, the loan is considered to be due.
• Before the 5th of July of the due date year, loanees will receive the principal notification from the bank, first payment amount, loan processing fee, including annual payment schedule.
• Loanees need to pay for the first payment within July 5 of the due date year.
• 1% interest on the remaining principal of the first year must be paid within July 5 every year and loanees have to pay all amount within 15 years starting from the first payment
• It is considered to be default of payment if loanees do not have ability to pay for debts within the due date, which is July 5th every year. Interest will be collected for 12% per year calculated from the principal overdue in case of such overdue is less than 12 months. If such overdue is more than 12 months, 18% interest per year will be applied.

Payment Methods:

First payment
Loanees have to pay for debts at Krung Thai Bank branches nearest to you as followed:

• Fill out loan repayment identification form (Kor Yor Sor 201).
• In case of changing from annual to monthly payment term, please notify changing requirement.
• Notify the first payment amount before paying and loanees will receive a payment receipt from the monetary fund.
  * Payment fee will be charged for 10 baht
• Having more deposit money in saving account than the amount and overdue amount loanees need to pay (if any) including interest and interest penalty (if any) or pay at Krung Thai Bank PCL counter service nationwide.

Remark:
* Refers to the overdue principal amount in each period
** Refers to the rate calculated of 12% for the overdue principal installments of not exceeding one year and 18% for the full overdue principal installments of exceeding one year

Contact Details:
35 Sukhumvit Road, Klong Toey Nua Subdistrict,
Wattana District, Bangkok 10110,
Thailand
Phone: 0-2255-2222

For more details http://www.ktb.co.th/