It can also be used for various consumption purposes, including interior decoration, renovation of residential property, and acquisition of vehicles. The loan is secured by a first registered mortgage on property. However, in certain cases, the loan is charged at the Minimum Lending Rate, such as loans for acquisition of property in a housing project financed by the bank. Loans that do not exceed Baht 1 million are also charged at the Minimum Lending Rate. This is in response to the government policy for encouraging homeownership among the lower income brackets.
Loans are repayable in equal monthly installments over the life of loan.
The maximum maturity is 20 years. The bank has made arrangements with insurance companies to provide property and casualty insurance cover for the property pledged, as well as life insurance cover for the borrower. The cost of the insurance can also be financed by the bank. Bangkok Bank Public Company Limited .