Eligibility
- Thai nationality
- 22 to 57 years old
- Income
- At least 10,000 Baht per month for fixed-income earners
- At least 20,000 Baht per month for self-employed/ business proprietors.
- Years of work
- For fixed-income earners, they must have been working at their current workplace for at least six months
- For self-employed/ business proprietors, they must have been in business for at least 1 year.
- Fixed-line phone number available (both home and office)
Loan Limits
Three times the applicant’s monthly income, or up to 1.5 million Baht
Interest Rates and Expenses
Interest rates charged are subject to loan limit, i.e.:
- Platinum Card (loan limit of more than 240,000 Baht): 20 percent
- Gold Card (loan limit of 80,000-240,000 Baht): 24 percent
- Classic Card (loan limit not exceeding 80,000 Baht): 27 percent
Terms and Conditions
- Usages
Loan recipients can use a K-Express Cash card to withdraw cash from K-ATM, with a daily limit of 50,000 Baht
- Repayment
o Cash or Cheque payment
o The closing date on which your spending is summarized (statement date) is the 8th day of every month. Payment can be made in full or at least 5 percent of the outstanding balance of the previous month, by the 23rd of every month.
- The borrower can make a payment by debiting their current or savings accounts at KBank branches or via the Bank’s electronic banking services.
Installment Payment Period
Payment can be made in full or for at least 5 percent of the outstanding balance. Credit limit will be reviewed on an annual basis.
Credit Turnaround Time
The approval result will be announced within five days from the date that all necessary documents have been received by the Consumer Credit Product Operation Department.
Required documents
For fixed income earners:
- Copy of National ID card
- Recent letter certifying monthly salary or pay slip
- A statement of account for the past six months (for those using a copy of letter certifying monthly salary)
For self-employed/ business proprietors:
- Copy of National ID card
- Copy of tax ID card
- Documents related to business registration (evidence to certify that the business has been in operation for at least one year)
- Copy of certificate of commercial registration for company/limited partnership issued not more than three months ago by the Ministry of Commerce
- Copy of Memorandum of Association
- In case of a corporate account, a copy of shareholders list indicating shareholding proportion, issued not more than one year ago, must be submitted.
- A statement of account for the past six months