Product Detail

With SCB's My Home My Cash, the equity in your debt-free home can help make your wish come true. Whether it’s expanding a business, renovating your home, paying off a debt or following a dream. The type of asset accepted as collateral includes any single detached house, townhouse, shophouse, commercial building, condominium unit or vacant land.
Credit Limit of Up to 20 Million Baht

Credit Limit of Up to 20 Million Baht

Loan limit approval depends on income, collateral value, and conditions prescribed by the bank.
Easy Installment Payments for Up to 30 Years

Easy Installment Payments for Up to 30 Years

Able to opt for installment payment periods of up to 30 years. Installment payment periods when combined with the borrower’s age shall not exceed 65 years (In cases there are many co-borrowers, the youngest borrower’s age will be applied).
Property pledged as collateral

Property pledged as collateral

Single houses, townhouses, town homes, commercial buildings (shophouses), condominiums, and vacant land plots.
Get informed of initial approval results promptly within one working day

Get informed of initial approval results promptly within one working day

Get your money quickly once completed documents are sent to the bank. No guarantor is required. No fee is collected if the account is closed ahead of schedule.
Interest Rate

Interest Rate

Subject to announcement by the bank
Rates and Fees
Interest Rate for Lending Effective Date: 22.05.2020 Announcement Date: 21.05.2020

 

Interest Rate

Options

Interest Rate (p.a.)

3-year Average Interest Rate

Effective Interest Rate

  Year 1 Year 2 Year 3 Remaining Years    
MHMC with 100%/100% Credit Life MRR +1.63% MRR +1.63% MRR +1.63% MRR +1.63% 7.625% 7.625%
MHMC with no appraisal fee and 100%/100% Credit Life   MRR +2.63% MRR +2.63% MRR +2.63% MRR +2.63% 8.625% 8.625%
MHMC with 70%/70% Credit Life MRR +2.38% MRR +2.38% MRR +2.38% MRR +2.38% 8.375% 8.375%
MHMC with no appraisal fee and 70%/70% Credit Life   MRR +3.38% MRR +3.38% MRR +3.38% MRR +3.38% 9.375% 9.375%
MHMC without Credit Life MRR +3.38% MRR +3.38% MRR +3.38% MRR +3.38% 9.375% 9.375%

 

Remarks:

  • The Minimum Retail Rate is equivalent to 5.995% p.a. as announced on 21 May 2020.
  • The Effective Interest Rate is calculated from a 1 million-baht loan for a total period of 20 years.
  • The above interest rates are effective from 1 June – 31December 2020, or until further notice.

Free Appraisal and Free Mortgage Conditions

  1. For customers applying for My Home My Cash and receiving approval and drawdown between 1-30 June 2020.
  2. Eligible collateral for this promotion are single detached homes, townhomes, commercial buildings, condominium units, and empty land plots only (Home Loan Top Up and multi-purpose loan secured with deposit are not eligible under this promotion).
  3. Approval, installment period, interest rate, borrower qualifications, and required documents are determined by the Bank. A total installment period shall not exceed 65 years when combined with the borrower’s age (In case of joint borrowers, the age of the youngest borrower will apply).
  4. To get informed of an initial approval result within one working day, the Bank must receive all documents and appraisal value of land and building in property projects only.
  5. Borrowers can check approval conditions and interest rate at any SCB branch or with SCB loan officers.
  6. Credit Life interest rate conditions:
    • Interest rate for 70%/70% Credit Life will require an insured sum of at least 70% of the credit line covering 70% of the loan period. The insurance period must be at least 10 years (If the loan period is 10 year, the insurance period must be equivalent with the loan period). Customers are allowed to top up property insurance to the credit limit.
    • Interest rate for 100%/100% Credit Life will require an insured sum of at least 100% of the credit line covering 100% of the loan period. Customers are allowed to top up property insurance to the credit limit.
  7. Insurance is provided by SCB Life Assurance PCL. In case of any problem or inquiry, customers can contact the SCB Call Center at 02-777-7777 or contact SCB Life Assurance PCL at 02-655-3000 (free of charge). Customers should understand coverage details and conditions before making any decision. The Bank is only an intermediary and consideration will be at the discretion of the insurer.
  8. To be eligible for a free appraisal, customers shall conduct collateral appraisal by 30 June 2020 and draw down the approved loan within 10 working days from 30 June 2020.
  9. To be eligible for free mortgage fees, the borrower must be approved of My Home My Cash loan of at least 1.3 million baht, draw down the loan within 10 working days from 30 June 2020, and accept interest rates as announced by the Bank. The Bank will be responsible for mortgage fees up to 1% of the credit limit. If the borrower closes the loan account within the first 3 years (through refinancing, selling, or using personal cash), the borrower agrees to refund the 1% mortgage fee advanced by the Bank.
  10. For more information, please contact the SCB Call Center at 02-777-7777.

Conditions for a Free BBQ Plaza e-Coupon with My Home My Cash

  1. A special offer available for those applying for My Home My Cash loan via www.scb.co.th or SCB EASY Application for an amount of 2 million baht or more approved between 1 April – 30 June 2020 and who draw down the loan within 10 working day from 30 June 2020.
  2. Accepted collateral for this promotion includes single houses, twin houses, town houses, commercial buildings, condominiums, and vacant land plots only (Home Loan Top Up and multi-purpose loan secured with deposit are not eligible under this promotion).
  3. 3. Approval Criteria
    • Approval amounts up to 20 million baht with an installment plan of up to 30 years which, when combined with the borrower’s age shall not exceed 65 years (In case there are many co-borrowers, the youngest borrower’s age will be applied).
    • To get informed of initial approval results within one working day, the Bank must receive all documents and appraisal value of land and buildings in property projects only.
    • Approval and installment plan will be considered from your documents, income, collateral value, and conditions prescribed by the Bank.
  4. Approval conditions and interest rate can be checked with branch or loan officers of the Bank.
  5. Interest Rate Conditions:
    • Interest rate for 70%/70% Credit Life will require an insured sum of at least 70% of the credit line covering 70% of the loan period. The insurance period must be at least 10 years (If the loan period is 10 years, the insurance period must be equivalent to the loan period). Customers are allowed to top up property insurance to the credit limit.
    • Interest rate for 100%/100% Credit Life will require an insured sum of at least 100% of the credit line covering 100% of the loan period. Customers are allowed to top up property insurance to the credit limit.
    • Insurance is provided by SCB Life Assurance PCL. In case of any problem or inquiry, customers can contact SCB Life Assurance PCL at 02-655-3000 (free of charge) or the SCB Call Center at 02-777-7777.
    • Customers should understand coverage details and conditions before decision making.
    • The Bank is only an intermediary and consideration will be at the discretion of the insurer.
    • For inquiries about insurance premiums and further details, please contact a salesperson.
  6. To be eligible for a free appraisal, customers shall conduct collateral appraisal by 30 June 2020.
  7. SCB Easy Bonus Conditions:
    • • This special Bar B Q Plaza discount e-coupon offer is available for SCB customers who apply for a My Home My Cash loan via www.scb.co.th and receive approval for a loan and make a drawdown of 2 million baht or more between 1 April – 30 June 2020. The borrower must be an SCB EASY Application user. Conditions are as follows:
    • Drawdown 2,000,000 – 4,999,999 baht, get Bar B Q Plaza discount e-coupon worth 2,500 baht.
    • Drawdown of 5,000,000 baht or more, get Bar B Q Plaza discount e-coupon worth 5,000 baht.
    • Customers fulfilling the Bank’s conditions will receive an e-coupon on the Easy Bonus menu on the SCB EASY Application within 45 days after the end of this promotion. Eligible recipients must get the e-coupon on SCB EASY Application and use it between 25 May – 15 September 2020.
    • The recipient must show the e-coupon to restaurant staff to get the discount. Coupons that have not been confirmed on the Easy Bonus menu or are not used by 15 September will be treated as forgone and cannot be recalled.
    • Limited to 1 customer/offer throughout this promotion.
    • Screenshots of e-coupons from a mobile phone or any other electronic device or any other type of image are not acceptable.
    • The Bank disclaims liability for any damage to customers in the following cases:

      (1) Non-receipt of an e-coupon due to customers’ mobile phone.

      (2) Inability to use the e-coupon due to loss of data on the Easy Bonus menu.

      (3) Use of an e-coupon that does not comply with conditions of this promotion.

    • The offer under this promotion cannot be transferred to others, or changed or exchanged for cash or other items, and cannot be used with other discounts or promotions.
    • Customers receiving an e-coupon must be loan customers of the Bank with normal payment status, and a good track record without any default according to the Bank’s conditions.
    • The Bank reserves the right to change rules, conditions, requirements, period, offers and cancel this promotion by informing customers 7 days in advance, unless it is impossible to proceed accordingly. In case of any dispute, the Bank’s judgment is final.
  8. For more information, please contact the SCB Call Center at tel. 02-777-7777.

Collateral Price Appraisal and Survey Fee

  • Single houses: 5,000 baht per unit (VAT excluded)
  • Town houses, twin houses, and condominiums: 3,450 baht per unit (VAT excluded)
  • Fees subject to change as announced by the bank

Loan Consultation Service Fee

  • Waived.

Stamp Duty

  • 0.05% of loan limit, but not more than 10,000 baht.

Mortgage Fee

  • 1% of credit limit

Fire Insurance Premium

  • As charged by insurance company.

Qualification and Document Required

Qualification

Thai nationality
Has never had a non-performing loan at any financial institution
Age at least 20 years old, not more than 65.

Document Required

Identity Verification

  1. Only a copy of your ID card is required. It providing a copy of a government officer or state enterprise officer ID card with ID number and photo on the card, or passport (in the event that your spouse is a foreigner), please provide a copy of your house registration document.
  2. Copy of house registration
  3. Copy of marriage certificate (if applicable)
  4. Copy of certificate of name change (if applicable)

Collateral Document

  1. Copy of ownership document (copy of title deed, front and back)
  2. Collateral information disclosure (forms available at bank branch)
  3. Photos of the collateral

Income Document

Salaried employee

  1. Salary confirmation and pay slips
  2. Bank statements for past six months

Business owner

  1. Bank statements for past six months (personal account and business account)
  2. Four or five photos of the business premises and map showing location
  3. Copy of trade registration and company registration, including list of shareholders
  4. Tax submission documents for past year, showing income and expenditures as well as receipts for purchase and sale of goods

Self-employed

  1. Bank statements for past six months
  2. Professional license (doctor, engineer, lawyer architect)

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