MoneyThunder: Legal lending

New! MoneyThunder, legal digital lending mobile app, powered by ABACUS digital under SCBx subsidiaries and supervised by the Bank of Thailand.
Why MoneyThunder?
• Legal mobile app under the supervision of the Bank of Thailand with high data privacy and security governed by Personal Data Protection Act (PDPA)
• Quick cash solution with instant loan decision and 10-min time-to-money
• Easy to apply with ID card with service available 24/7

MoneyThunder offers 2 loan types which will be personalized for you. For both loans, no collateral/guarantor, deposit fee or pre-loan transfer fee, and no withdrawal fee or prepayment fee are required.
1. Personal Loan
• Credit limit: THB1,000,000
• Monthly interest rate 1.75% - 2.08% (20.99% - 25% APR)

2. Nano Finance Loan
• Credit limit: THB100,000
• Monthly interest rate 2.75% (33% APR)

2 Types of loan product offering from MoneyThunder
1. Revolving credit – Unlimited withdrawal with minimum payment THB200 (Calculated from 2% of principal + interest)
2. Term loan – Installment payment plan with min 12-month – max 60-month tenor.

Example of installment (principal + interest) calculation for MoneyThunder loan product offering (Nano Finance):

On 1 January 2022, the customer signs a loan contract with MoneyThunder with credit limit THB 10,000 with 12 monthly installments
• Credit limit THB10,000
• Money transferred to your bank account THB10,000
• APR 33%
• Tenor = 12 months
• Due date every 28th

Therefore,
• 28 Jan 2022, pay THB987.00 with the principle=THB742.89, accrued 28day interest 10,000.00*33%*28/365=THB244.11 The remaining principal=THB9257.11
• 28 Feb 2022, pay THB987.00 with the principle=THB727.55, accrued 31day interest 9257.11*33%*31/365=THB259.45 The remaining principal=THB8529.56

• 28 Mar 2022, pay THB987.00 with the principle=THB771.07, accrued 28day interest 8529.56*33%*28/365=THB215.93 The remaining principal=THB7758.49
• 28 Apr 2022, pay THB987.00 with the principle=THB769.55, accrued 31day interest 7758.49*33%*31/365=THB217.45 The remaining principal=THB6988.94
• 28 May 2022, pay THB987.00 with the principle=THB797.44, accrued 30day interest 6988.94*33%*30/365=THB189.56 The remaining principal=THB6191.50
• 28 Jun 2022, pay THB987.00 with the principle=THB813.47, accrued 31day interest 6191.50*33%*31/365=THB173.53 The remaining principal=THB5378.03
• 28 Jul 2022, pay THB987.00 with the principle=THB841.13, accrued 30day interest 5378.03*33%*30/365=THB145.87 The remaining principal=THB4536.90
• 28 Aug 2022, pay THB987.00 with the principle=THB859.84, accrued 31day interest 4536.90*33%*31/365=THB127.16 The remaining principal=THB3677.06
• 28 Sep 2022, pay THB987.00 with the principle=THB883.94, accrued 31day interest 3677.06*33%*31/365=THB103.06 The remaining principal=THB2793.12
• 28 Oct 2022, pay THB987.00 with the principle=THB911.24, accrued 30day interest 2793.12*33%*30/365=THB75.76 The remaining principal=THB1881.88
• 28 Nov 2022, pay THB987.00 with the principle=THB934.26, accrued 31