Speedy Loan
Speedy Loan Balance Transfer
Apply for Speedy Loan Balance Transfer to settle your debts at other financial institutions and transfer the outstanding balance to SCB.
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- Apply online
Product Detail
Speedy Loan Balance Transfer lets you transfer outstanding credit card or personal loan balances with other financial institutions to SCB. It helps ease large debt burdens with lighter installments at lower interest, with no security or guarantor required. Loan amounts can be up to 5 million baht and will be made available in your account. Installments can be paid via different channels for your convenience.
How to apply
It’s simple.
No security or guarantor is required.
Installment periods starts from 12 months
Installment periods: 12 – 72 months
Loan amounts transferred to your account
Once a loan amount is approved, it will be transferred to your deposit account following your instructions.
Approved loan amounts
Approved loan amounts are between 20,000 baht – 5 million baht
No fees
No front-end or origination fees
Interest rates
Interest rates for Speedy Loan Balance Transfers
Approved loan amount |
Interest rate p.a. |
|||
|---|---|---|---|---|
For employees |
For business owners |
|||
| Months 1-12 | Month 13 onward | Months 1-12 | Month 13 onward | |
| 1 million baht or more | 9.99% | 21.50% | 15.99% | 23.50% |
| 150,000 - 999,999 | 12.99% | 23.50% | 15.99% | 25.00% |
| 50,000- 149,999 | 22.00% | 25.00% | 24.00% | 25.00% |
| 20,000- 49,999 | 24.00% | 25.00% | 24.00% | 25.00% |
* Speedy Loan Balance Transfer conditions
- Interest rates are only for customers with an approved Speedy Loan amount and applying for Speedy Loan Balance Transfer between April 1 – June 30, 2021.
- The minimum Speedy Loan Balance Transfer loan amount is 20,000 baht.
- The minimum outstanding balance for each account applying for Speedy Loan Balance Transfer is 5,000 baht. Speedy Loan Balance Transfer is available for a maximum of 5 accounts.
- The most recent credit card statement or personal loan statement with other financial institutions (in the past 1 month) is required as a supporting document for consideration.
- Installment periods are between 12 – 72 months, based on an approved loan amount.
- Credit approval requirements and other conditions are as specified by SCB.
- 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 effect, unless there is a need whereby such advance notification is impossible. In case of any dispute, SCB’s judgment is deemed final.
- For more information, please call the SCB Call Center at 0 2777 7777.
Promotion for customers applying for Speedy Loan Balance Transfer and receiving approval
| Approved loan amount (baht) | Value of Central gift voucher (baht)/loan account |
|---|---|
| 500,000 - 999,9999 | 500 |
| 1,000,000 - 1,999,999 | 1,000 |
| > 2,000,000 | 2,000 |
*Conditions on Central gift voucher eligibility and use by Speedy Loan applicants
- When a customer’s Speedy Loan Balance Transfer application is approved with a minimum loan amount of 500,000 baht, they will receive Central gift vouchers based on their approved loan amount. The promotion runs between April 1 – June 30, 2021.
- The promotion is limited to one offer/loan account throughout the promotion period.
- Central gift vouchers will be sent to eligible customers by mail to their addresses as provided to SCB within 60 days after the end of the promotion period.
- The loan account status of customers eligible for Central gift vouchers under this promotion shall remain normal as of the mailing date.
- Use of Central gift vouchers is subject to conditions as specified by Central Department Store.
- Offers under this promotion cannot be transferred to others, exchanged for cash or other items, or used in conjunction with other discounts or promotions
- 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 effect, unless there is a need whereby such advance notification is impossible. In case of any dispute, SCB’s judgment is deemed final.
- For more information, please call the SCB Call Center at 0 2777 7777.
Applicant qualifications
1. Aged between 20 – 60 years old
2. Minimum monthly income requirements
• Employees (already passing probationary period): 15,000 baht
• Business owners: 15,000 baht
3. Can be reached at home or office phone numbers.
Document Required
Identity document:
1) Just a copy of ID card, or
2) A copy of government/state enterprise officer ID card with your ID number and photo on it and a copy of house registration.
Income statements
- Employees: The most recent payroll slip or a salary confirmation letter and a deposit account statement for the past 3 months.
- Business owners: A copy of business/partnership registration issued by the Ministry of Commerce and a deposit account statement for the past 6 months.
Deposit account
A copy of the account information page of the financial institution for balance transfer.
Documents of loans with other financial institutions
A copy of credit card or personal loan statements with other financial institutions for the past month.
Proof of ID
Acceptable primary proofof identity includes, but is nolimited to, original.
Proof of address
A document issued by a government department that shows your address.
Proof of income
Providing details about your employer as well as how much money you made in a given pay period.
