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No.2/2021
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Industrial and Commercial Bank of China (Thai) Public Company Limited
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Table 2 Loan Interest Rate 1/
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Effective from November 1, 2021
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Unit : Percentage per annum |
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A. Reference Interest Rates
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| 1. Interest rate for prime large customers : Term loan type (Minimum Loan Rate) |
MLR
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6.500
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| 2. Interest rate for prime large customers : Overdraft type (Minimum Overdraft Rate) |
MOR
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7.025
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| 3. Interest rate for prime retail customers (Minimum Retail Rate) |
MRR
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7.000
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| 4. Interest rate for prime customers (ICBC Prime Rate) |
ICBC Prime Rate *
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8.000
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| * Former ACL Prime Rate was changed to ICBC Prime Rate effective from July 9, 2010 onwards. |
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| 5. Maximum interest rate charged on payment made in favor of customer |
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Maximum Interest Rate - Normal case +3.000
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| 6. Interest rate charged to the loan secured in full by the bank account or bill issued by the bank |
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| - Interest rate quoted for or in pledged bank account or bill plus margin up to 2.50% per annum |
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Unit : Percentage per annum |
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B. Maximum Interest Rates
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| B. (1) Consumer loan |
Personal Loan
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Housing Loan
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....
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With collateral
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Without collateral
(not under supervision)
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| 7. Maximum Interest Rate - Normal case |
14.000
(MRR+7)
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16.000
(MRR+9)
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11.000
(MRR+4)
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.........….
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| 8. Maximum Interest Rate - Default case 2/ |
The normal contractual interest rate +3.000
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The normal contractual interest rate +3.000
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The normal contractual interest rate +3.000
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.............
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| B. (2) Commercial loan |
Overdraft
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Revolving
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Short Term
(< 1 year)
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Long Term
(> 1 year)
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| 9. Maximum Interest Rate - Normal case |
12.000
(MRR+5)
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12.000
(MRR+5)
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12.000
(MRR+5)
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12.000
(MRR+5)
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| 10. Maximum Interest Rate - Default case 2/ |
The normal contractual interest rate +3.000
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The normal contractual interest rate +3.000
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The normal contractual interest rate +3.000
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The normal contractual interest rate +3.000
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| Remark |
1/ Exclude the type of loan that the Bank of Thailand stipulates specific criteria.
2/ Exclude the fee that the Bank made payment in favor of customer.
3/ For the loans with multi-interest rates specified in any loan agreement, the interest rate shall be the highest contractual interest rate +3.000 percent per annum. |