Have a house, a car, and a good life

Make your dreams come true. It is possible to have a house, a car.

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 October 2020 – 31 December 2020
• The average interest rate on all housing loan scheme for new homes, second-hand homes or for home construction:

Fixed interest rate at 3 years.

• 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 May 21, 2020  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 October 2020 – 31 December 2020
  
  

  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 May 21, 2020 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.

Get Tesco Lotus e-coupons worth 2,500 baht (and up to 5,000 baht) via the SCB Easy App’s Easy Bonus tab

• The offer is for customers applying for a home loan for a new or used house with a minimum loan amount of 2 million baht and interest rates as per SCB’s announcement, and buying Credit Life insurance with a minimum sum insured of at least 70% of the loan amount and an insurance period of at least 70% of the loan period, when their loan applications and mortgage are approved between 1 October 2020 – 31 December 2020 and loans are drawn within 10 business days from September 30, 2020.
• Eligible customers will get Tesco Lotus e-coupons (valid for using at any locations of Tesco Lotus and Tesco Lotus Express) as follows
  • For loan amounts between 2,000,000 – 4,999,999 baht: Tesco Lotus e-coupons worth 2,500 baht
  • For loan amounts starting from 5,000,000 baht: Tesco Lotus e-coupons worth 5,000 baht
• Customers must register for the SCB Easy app within the month of mortgage approval.
• Tesco Lotus e-coupons will be available for eligible customers on the SCB Easy App’s Easy Bonus tab within 60 days after the promotion period ends. Tesco Lotus e-coupons must be redeemed during 15 December 2020 – 15 February 2021 and used by 15 February 2021
• The promotion is limited to 1 customer/offer throughout the promotion period.

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 October 2020 – 31 December 2020
  
  

  YEAR
  	WITH CREDIT LIFE INSURANCE	WITH CREDIT LIFE INSURANCE AND FREE MORTGAGE	WITHOUT CREDIT LIFE INSURANCE
  Year 1-3	5.823%	6.823%	6.823%
  Year 4 onwards	MRR + 0.75%	MRR + 1.50%	MRR + 1.50%
  Average interest rate 3 years	5.823%/td>	6.823%	6.823%
  Average scheme interest rate (20 years)	6.490%	7.312%	7.312%

  
  
• 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.     
• 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 May 21, 2020, 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 July 2020 – 30 September 2020):
  
  

  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

• Customers eligible for receiving special promotion 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;
• In the case of a credit limit of 100,000 baht, the installment rate is 57 baht/day, calculated from the monthly installment rate (30 days). The credit limit of 100,000 baht is calculated at a fixed interest rate of 4.85% per year. The repayment period is 84 months. The above interest rates are announced as of 1 July 2020
• Interest rates for the period from 1 October 2020 – 31 December 2020
• Interest rates are according to car brand and year of registration;
• The Bank will debit one day in advance if the debiting date for debt repayment is a holiday according to the Bank announcement;
• The vehicle age used for the loan must be not over 15 years, including the installment period for not more than 19 years. Except for the 84-month installment period, vehicle age must be not over 12 years, only for cars, pickup trucks, vans, and must be personal registration only;
• 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 as shall be specified by the Bank.