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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 September 28, 2020
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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 |
6.500 |
| 2. Interest rate for prime large customers : Overdraft type (Minimum Overdraft Rate) |
MOR |
7.025 |
| 3. Interest rate for prime retail customers (Minimum Retail Rate) |
MRR |
7.000 |
| 4. Interest rate for prime customers (ICBC Prime Rate) |
ICBC Prime Rate * |
8.000 |
| * 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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21.000 |
| 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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| With collateral |
Without collateral
(not under supervision) |
| 7. Maximum Interest Rate - Normal case |
14.000 |
16.000 |
11.000 |
............. |
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(MRR+7) |
(MRR+9) |
(MRR+4) |
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| 8. Maximum Interest Rate - Default case |
21.000 |
21.000 |
21.000 |
............. |
| B. (2) Commercial loan |
Overdraft |
Revolving |
Short Term
(< 1 year) |
Long Term
(> 1 year) |
| 9. Maximum Interest Rate - Normal case |
12.000 |
12.000 |
12.000 |
12.000 |
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(MRR+5) |
(MRR+5) |
(MRR+5) |
(MRR+5) |
| 10. Maximum Interest Rate - Default case |
21.000 |
21.000 |
21.000 |
21.000 |
| Remark |
| 1/ Exclude the type of loan that the Bank of Thailand stipulates specific criteria |