TrueMoney is Thailand’s leading payment application for all mobile network users. The all-in-one app lets you securely make cashless payments for all your everyday needs, including mobile top-ups, bill payments, online and offline purchases, and much more! == Instant mobile top-up == Top-up your TrueMove H and Dtac prepaid numbers easily anytime and anywhere. == Digital Lending made Easy == Secure legal loans effortlessly with rapid approval under the supervision of Bank of Thailand. True Money work with 2 financial institution partners to offer 3 products: Ascend Nano, part of TrueMoney's parent company 1. Personal Loan (name: Pay Next Extra) Type of loan: Revolving credit Credit limit: Up to 5x of monthly income Interest rate: 0% - 25% APR Repayment period: up to maximum of 48 months 2. Digital Personal Loan (name: Pay Next) Type of loan: Revolving credit Credit limit: Up to 20,000 THB Interest rate: 0% - 25% APR Repayment period: up to maximum of 5 months Kiatnakin Phatra Bank 1. Personal Loan (name: KKP Cash Now) Type of loan: Term loan Credit limit: Up to 5x of monthly income Interest rate: 8.99% - 25% APR Repayment period: minimum 24 months to maximum of 60 months --- Example of Loan total cost and installment calculation --- Account Summary and due dates for personal loan of Ascend Nano - Account Statement Date: The 15th of each month Payment Due Date: The 1st of each month Sample Scenario - The customer received a loan amount of 10,000 THB and conducted transactions. On March 12, the customer withdrew a loan amount of 2,500 THB in cash via a transfer to their TrueMoney Wallet account and selected a repayment plan of 5 installments with an interest rate of 24% per annum. Interest Calculation (First Installment Only) from March 12 to April 1:- The monthly installment amount is 530.40 THB. - Interest paid calculation = 2,500 x 24% x (20/365) = 32.88 THB - Principal paid calculation = 530.40 - 32.88 = 497.52 THB - Remaining principal amount = 2,500 - 497.52 = 2,002.48 THB Interest Calculation (Second Installment Only) from April 2 to May 1: - The monthly installment amount is 530.40 THB. - Interest paid calculation = 2,002.48 x 24% x (30/365) = 39.50 THB. - Principal paid calculation = 530.40 - 39.50 = 490.90 THB. - Remaining principal = 2,002.48 - 490.90 = 1,511.58 THB Interest Calculation (Third Installment Only) from May 2 to Jun 1: - The monthly installment amount is 530.40 THB. - Interest paid calculation = 1,511.58 x 24% x (31/365) = 30.81 THB. - Principal paid calculation = 530.40 - 30.81 = 499.59 THB. - Remaining principal = 1,511.58 - 499.59 = 1,011.99 THB. Other fees for cash disbursement: - Cash disbursement fees (TMN charge): 30- 300 THB based on cash disbursement amount Example of disbursement fee: - Cash disbursement amount