Great Buy a home or a car with low-interest loans.

Make your dream home or car come true with loans at special low interest rates.

Housing loan conditions (New house / second- hand house / house construction)

• Customers eligible for receiving special interest rates or discounted interest rates for leading development projects as determined by the Bank must be employees of the company that receive payroll via the SCB Payroll Services. They must apply and use automatic debit service through payroll accounts on the day the salary is released, maintain the status as a company employee, and must be permanent employees by four months or more;
• Special interest rates have a promotional period from 1 April 2022 – 30 June 2022  
• The average interest rate on all housing loan scheme for new homes, second-hand homes or for home construction:

  YEAR	WITH CREDIT LIFE INSURANCE	WITHOUT;  CREDIT LIFE INSURANCE
  Year 1-3	3.50%	3.75%
  Year 4 onwards	MRR – 2.00%	MRR - 1.75%
  Average interest rate 3 years	3.50%	3.75%
  Average scheme interest rate (20 years)	3.858%	4.11%

• An on-top loan for buying furniture is up to 10% of the home loan amount and only available for a first property (the first home loan agreement) under 10 million baht. The 10% on-top loan is subject to conditions as specified by SCB.
• Terms of applying for insurance: In case of using the interest rate with CREDIT LIFE INSURANCE, the coverage must not less than 70% of the loan amount and the insured period of 70% of the loan contract period by requiring the insured period is a minimum of 10 years. (If the loan contract period is less than 10 years, the insured period is equal to the loan contract period);
• Underwritten by FWD GROUP      
• Buyers should study and understand the more detailed terms of coverage and terms of payment of benefits, including benefits carefully before deciding to insure every time;
• The Bank is just a broker who guides or arranges a person to enter into an insurance contract;
• If the borrower ceases to be an employee of the company for any reason or the company terminates the use of SCB Payroll Services or customers does not receive payroll through the SCB Payroll Services, it is considered that the special privileges of the borrower will be terminated. The Bank is entitled to increase the interest rate to a new rate, with the interest rate charged to MRR -1.50%. (Including new repayment terms) under the rules, conditions, and procedures set by the Bank (it is to be consistent with the fact that there has been a change.). The interest rate charged as the Minimum Retail Rate or MRR as announced by the Bank on 9 August 2021   at 5.995 percent per year (which may change according to the Bank announcement);
• The Bank is entitled to change, rules, conditions, terms, duration, or cancel this promotion. The notice will be given at least seven days before the operation unless there is a necessity that cannot be notified in advance. In the event of any dispute, the decision of the Bank shall be final;
• The loan approval criteria and other conditions shall be as specified by the Bank.

Home Loan (Refinancing) conditions

• To receive special interest rates, eligible customers must be permanent employees receiving salaries via SCB Payroll, applying for direct debit from their SCB payroll accounts, and remaining employed with a minimum employment period of 4 months.
• Special interest rates for the promotion period from 1 April 2022 – 30 June 2022

  YEAR	FLAT RATE FOR 3 YEARS
  	WITH CREDIT LIFE INSURANCE	NOCREDIT LIFE INSURANCE
  Years 1-3	2.75%	3.00%
  Year 4 onward	MRR - 2.00%	MRR - 1.75%
  Average interest for 3 years	2.75%	3.00%
  Actual interest rate throughout the loan agreement period of 20 years	3.64%	3.89%

  
  
• For a Home Loan Top-Up, additional loan for furniture and decoration, up to 10% of the home loan amount is available for only the first home loan agreement worth less than 10 million baht. Home Loan Top-Up approval criteria and conditions are as specified by SCB.
• Conditions for life insurance: To opt for the interest scheme for Credit Life insurance the sum insured must be at least 70% of the loan amount and the insurance period at least 70% of the loan period. The minimum insurance period is 10 years. In the event that a loan period is shorter than 10 years, the insurance period must be the same as the loan period.
• Life insurance is provided by FWD     
• Customers should thoroughly study and understand details, conditions, and requirements about claims and benefits before making a decision to buy an insurance policy.
• SCB is only a broker recommending or arranging insurance policies for customers’ consideration.
• Special offers for SCB Payroll customers shall be discontinued in case of employment termination for any reason, in the event that your employer has canceled SCB Payroll, or if you no longer receive salary via SCB Payroll. In such case, SCB has the right to adjust interest to the Minimum Retail Rate (MRR)-1.50% (as well as new repayment conditions) following the criteria, conditions, and means as specified by SCB. The Minimum Retail Rate (MRR) as per SCB’s announcement on 9 August 2021 is 5.995% p.a. (subject to change, following SCB’s announcement).
• SCB has the right to amend conditions, terms, requirements, periods, and benefits, and may cancel this promotion with notification 7 days in advance of taking action, unless there is a need whereby such advance notification is impossible. In case of any dispute, SCB’s judgment is deemed final.
• Loan approval requirements and other conditions are as specified by SCB.

Loan Conditions for My Home My Cash

• Customers eligible for receiving special interest must be employees of the company that receive payroll through the SCB Payroll Services. They must apply and use automatic debit service through payroll accounts on the day the salary is released and maintain the status as a company employee and must be permanent employees by four months or more. Special interest rates have a promotional period from  1 April 2022 – 30 June 2022

YEAR
	WITH CREDIT LIFE INSURANCE	WITH CREDIT LIFE INSURANCE AND FREE MORTGAGE CREDIT LIMIT > 1,500,000 Baht	WITHOUT CREDIT LIFE INSURANCE
Year 1-3	5.990%	6.990%	6.990%
Year 4 onward	MRR + 0.75%	MRR + 1.50%	MRR + 1.50%
Average interest rate 3 years	5.990%	6.990%	6.990%
Average scheme interest rate (20 years)	6.539%	7.360%	7.360%



• Customers eligible for receiving special interest must be employees of the company that receive payroll through the SCB Payroll Services between 1 January 2022 – 31 December 2022. They must apply and use automatic debit service through payroll accounts on the day the salary is released and maintain the status as a company employee and must be permanent employees by four months or more. Special interest rates have a promotional period from 1 April 2022 – 30 June 2022



YEAR
	WITH CREDIT LIFE INSURANCE	WITH CREDIT LIFE INSURANCE AND FREE MORTGAGE CREDIT LIMIT > 1,500,000 Baht	WITHOUT CREDIT LIFE INSURANCE
Year 1	5.495%	6.490%	6.490%
Year 2-3	5.990%	6.990%	6.990%
Year 4 onwards	MRR + 0.75%	MRR + 1.50%	MRR + 1.50%
Average interest rate 3 years	5.825%	6.823%	6.823%
Average scheme interest rate (20 years)	6.490%	7.312%	7.312%



• Underwritten by FWD.     
• Buyers should study and understand the more detailed terms of coverage and terms of payment of benefits, including benefits carefully before deciding to insure every time;
• The Bank is just a broker who guides or arranges a person to enter into an insurance contract;
• If the borrower ceases to be an employee of the company for any reason or the company terminates the use of SCB Payroll Services or customers does not receive payroll through the SCB Payroll Services, it is considered that the special privileges of the borrower will be terminated. The Bank is entitled to increase the interest rate to a new rate, with the interest rate charged as Interest rate for fine retail customers or MRR (Minimum Retail Rate) (Including new repayment terms) under the rules, conditions, and procedures set by the Bank (it is to be consistent with the fact that there has been a change.). The interest rate charged as Interest rate for fine retail customers or MRR (Minimum Retail Rate) shall be as announced by the Bank on 9 August 2021, at 5.995 percent per year (which may change according to the Bank announcement);
• The Bank is entitled to change, rules, conditions, terms, duration, or cancel this promotion. The notice will be given at least seven days before the operation unless there is a necessity that cannot be notified in advance. In the event of any dispute, the decision of the Bank shall be final;
• The loan approval criteria and other conditions shall be as specified by the Bank.

Car loan conditions

• Customers eligible for receiving special promotion (* 0% initial down payment) must be employees of the company that receive payroll through the SCB Payroll Services. They must apply and use automatic debit service through payroll accounts on the day the salary is released and maintain the status as a company employee;
• The interest rate charged is as follows. (Promotion period from 1 April 2022 – 30 June 2022):

  INSTALLMENT PERIOD	INTEREST RATE AS A PERCENTAGE PER ANNUM
  	FIXED INTEREST RATE	REAL INTEREST RATE**	FIXED INTEREST RATE	REAL INTEREST RATE**	FIXED INTEREST RATE	REAL INTEREST RATE**
  	CAR	CAR	PICKUP TRUCK	PICKUP TRUCK	EV CAR	EV CAR
  48 months	Starts at 2.50%	Starts at 4.00%	Starts at 2.80%	Starts at 4.50%	Starts at 2.75%	Starts at 5.21%
  60 months	Starts at 2.55%	Starts at 4.13%	Starts at 2.90%	Starts at 4.70%	Starts at 2.85%	Starts at 5.37%
  72 months	Starts at 2.75%	Starts at 4.54%	Starts at 3.05%	Starts at 5.03%	Starts at 2.95%	Starts at 5.52%
  84 months	Starts at 3.20%	Starts at 5.33%	Starts at 3.30%	Starts at 5.49%	-	-

  
  Note: (*) Customers must check whether they have joined the campaign or not by using an ID number to check with the bank's system by SCB staff. (**) The real interest rate is calculated from loans of 1,000,000 baht.
  
  
• The said interest rate for new car loans;
• Interest rates are according to car brand, car type and installment period;
• The Bank will debit one day in advance if the debiting date for debt repayment is a holiday according to the Bank announcement;
• The Bank is entitled to change, rules, conditions, terms, duration, or cancel this promotion. The notice will be given at least seven days before the operation unless there is a necessity that cannot be notified in advance. In the event of any dispute, the decision of the Bank shall be final;
• Credit approval criteria and other conditions shall be as specified by the Bank.

Loan Condition for My Car My Cash (ATS Payroll)

• *Easy installment starting at 56 baht per day, calculated from monthly installment rate (30 days) with credit limit of 100,000 baht, charged at a fixed interest rate of 4.65% per year (according to the Bank's interest rate announcement on 1 March 2022
• Special privileges for customers who receive salaries through Siam Commercial Bank Public Company Limited who apply for a car loan is My Car My Cash, credit limit from 50,000 - 5,000,000 million baht or more. Interest rates starting from 3.65% per year, and the loan amount is approved and disbursed from 1 April 2022 – 30 June 2022.
• Credit limit approved, maximum 100% of the bank's appraised value. And the maximum limit is 5 million baht
• The vehicle used as collateral must not exceed 15 years, including the installment period, not more than 19 years.
• Approval period and credit limit approved. It may differ for each customer. Depending on the completeness of the documents required for the application Customer qualifications, car brand, model, year and condition of the car applied for loan
• For more information, please contact SCB Call Center Tel. 02-777-7777.