Debt Consolidation
Sevices Overview Debt Consolidation
“Loans for employees that combine debts to cut interest expenses and reduce debt burdens for better lives”
Objectives
- Consolidate debts including debts from credit cards, cash cards, personal loans without collaterals.
- Reduce burdens through debt consolidation from other financial institutions with higher interests.
- Promote quality of life of capable employees with high debts.
- Minimize turnover of capable employees.
- Mitigate risks and potential corruption in your organization.
Advantages of Applying for Welfare LoanConsolidation with SG Capital
Easy application with minimal documentation.
Loan amount of up to 15 times your income.*
Flexible repayment terms of up to 72 months.
Low interest rates with principal and interest reduction.
No collateral required.*
Convenient repayment through payroll deductions.
Move Forward With Partners and Business Groups
Credit Limit
Maximum of 15 times of monthly income or no more than 2,000,000 baht.
Note: Credit limit according to actual debt outstanding.
Loan Term
- Installment payment period of 12-60 months for loan term of 2-3 years.
- Installment payment period of 12-72 months for loan term of over 3 years.
- Applicants must be less than 55 years of age (including the loan term).
Interest Rate
15% per year effective interest rate (throughout the loan term).
Qualifications of Participating Organizations
- No less than 10 years of company registration (Company Limited and Public Company Limited).
- Using a payroll system to pay salary and paid by the company’s accounting systems.
- Signature in MOU must be from authorized persons according to the company’s rules in the company certificate.
- Operating a legal and moral business including night business and entertainment business.
- With at least 20 employees (according to the Withholding Income Tax Return Form – P.N.D.1a) based on the latest P.N.D.1a
Qualifications of Applicants
- 20-55 years of age (no more than 55 years loan term).
- At least 2 years of length of service.
- Full-time employee with social security.
- With debts from credit cards, cash cars or personal loans without collaterals.
- Work for an organization that already signed an MOU.
- Not currently under criminal or civil prosecution, execution or severe disciplinary actions.
- In case of a veto to extend the credit limit over 15 times of monthly income – 1 guarantor must be a family member, or a relative or a sibling with the same or higher income compared to the applicant.
Required Documents (Applicants)
- Copy of National ID Card of the applicant.
- Latest salary slips no more than the last 60 days.
- Original salary certificate issued within the last 60 days and the last 6 months bank statements of payroll account.
- Invoices from credit cards, cash cards and personal loans without collaterals (latest month) from all financial institutions.
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