New. MoneyThunder, legal digital lending mobile app, powered by ABACUS digital under SCBx subsidiaries and supervised by the Bank of Thailand. New! MoneyThunder, legal digital lending mobile app, powered by SCB Abacus 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 loan product offering (Nano Finance):
- Credit limit: THB100,000
- Monthly interest rate 0.83% - 2.75% (9.99% - 33% APR)
- No collateral/guarantor required
- No deposit fee and pre-loan transfer fee
- No withdrawal fee and prepayment fee
- 2 Types of loan product offering from MoneyThunder
1. Revolving credit – Unlimited withdrawal with minimum payment of 2% of the principal (Min THB200)
2. Term loan – Installment payment plan with min 12-month – max 36-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 31day interest 1881.88*33%*31/365=THB52.74 The remaining principal=THB947.62
- 28 Nov 2022, pay THB973.32 with the principle=THB947.62, accrued 30day interest 947.62*33%*30/365=THB25.7 The remaining principal=THB0
Total payment=THB11,830.32 with the total interest (calculated at 33% APR) = THB1,830.32 from the principal of THB10,000
The calculation is for illustrative purposes only and subject to change without notice.
For more information, please visit
Website: https://www.money-thunder.com/
Facebook: https://www.facebook.com/MoneyThunderOfficial
LINE: @moneythunder or click http://nav.cx/9f2NKwg
SCB Abacus Co., Ltd.
SCB Park Plaza, 19 Tower 3, Ratchadapisek Rd., Jatujak, Bangkok, 10900
