Product Detail

• Credit Line
• Nano Credit Line

How to Apply

Eligibility

• Individuals, aged of 20-60 years
• Thai nationality
• LINE BK Savings Account required
• Minimum income for credit line :
  - Employee have an average monthly income of at least 7,000 baht.
  - Self-employed or business owner have an average monthly income of at least 9,000 baht.
• Minimum income for nano credit line :
  - Applicants have an average monthly income of at least 5,000 baht.

Remark : Examples of occupations are for employees and self-employed people or business owners.

Documents Required

• LINE BK savings account customers do not need to submit documents to verify your identity.
• In the case of being a new customer of Kasikorn Bank Use the following documents to verify income :
  • For Employee
    1. Latest pay slip.
    2. Bank account statement for the account used to receive salary, back to the last 3 months.
  • For Self-employed or business owner
    1. Bank account statement for the account used to receive wage, back to the last 7 months. You can submit statements up to 5 accounts for income estimation.

How to Apply

 

• 

  Step 1

  On the LINE BK main screen, select the menu  "Credit Line".

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  Step 2

  Acknowledge product information from product sales sheet and select "Apply".

• 

  Step 3

  Review and accepts product sale sheet, terms for authentication and biometric consent.

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  Step 4

  Take selfie to authenticate yourself.

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  Step 5

  Review and enter application information

• 

  Step 6

  Accept Terms and Conditions such as Information disclosure, NCB information disclosure to develop credit model, Loan usage and agreement, and Marketing consent.

• 

  Step 7

  Review  loan application result via LINE BK Alert in LINE Application

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  Step 8

  Review offer amount and.  interest rate. In the case that the income cannot be verified or higher credit limit is required, Bank Statement need to be uploaded.

• 

  Step 9

  Setup due date and repayment information.

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  Step 10

  Loan acceptance.

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  Step 11

  Loan contract is completed.

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  Step 12

  Review and  do disbursement via LINE BK  main page

How to Disburse and Repay

• Disbursement and Repayment

   

Apply LINE BK

FAQ

Application

1. What are the qualifications and documents required for the Credit Line/ Nano Credit Line  application?

Eligibility of applicants:

Credit Line	Nano Credit Line
Individuals, aged of 20 - 60 years Thai nationality LINE BK Savings Account required In case of employees, they have an average monthly income of at least 7,000 baht. In case of business owners or freelancers, they must have an average monthly income of at least 9,000 baht. In some cases, customers may need to submit latest 7 months statements (up to 5 accounts) as additional income documents.	Individuals, aged of 20 - 60 years Thai nationality LINE BK Savings Account required Applicants have an average monthly income of at least 5,000 baht. In some cases, customers may need to submit latest 7 months statements (up to 5 accounts) as additional income documents.

2. How do I apply for Credit Line/ Nano Credit Line?

3. How to upload documents required for Credit Line/ Nano Credit Line application?

4. What are the documents required for freelance and self-employed person?

5. What are the documents required for salaried applicant?

 

 

6. How can I estimate my credit limit from my current income?

Can be approximately estimated by:

• Applicants with income less than 30,000 baht per month will receive credit limits* worth up to 1.5 times their monthly income.
• Applicants with income equal or above 30,000 baht per month will receive credit limits* worth up to 5 times their monthly income

*The credit limit of approved applicants will depend on the policies and guidelines of the company.

7. What are the factors used for loan approval?

The company has several loan approval criteria, such as occupation, incomes of customers, number of loan accounts with other leading providers, payment history from NCB and internal policies and guidelines of the company.

8. Can     I apply for  Credit Line/ Nano Credit Line if I have missed or late loan payment history?

Our company's policy has no objection to allowing customers to apply for loan,  but the approval consideration will be reserved to our internal policy. Not only credit bureau information but we also review other loan approval criteria such as occupation, incomes of customers, number of loan accounts with other lending providers, payment history from NCB and guidelines of the company.

9. How long does the Credit Line/ Nano Credit Line  approval process take?

In case the income documents are not required, the application result will be shared within the same day. If the income documents are required, the application result will be shared within 1-3 working days after uploading. However, In case of incomplete documents, LINE BK will request the additional document via SMS/Email registered and it will take additional 1-3 working days for document verification.

10. Can I apply for the Credit Line if I am self-employed?

If you are a business owner or a freelancer, you can apply for the Credit Line with 7 months statements (up to 5 accounts) as income documents.

11. What is the maximum credit limit of LINE BK Credit Line/ Nano Credit Line?

Product	Max Credit Limit
Credit Line	No more than 5 times monthly income and is not exceeding 800,000 Baht.
Nano Credit Line	Maximum of 100,000 Baht

12. What is the difference between Credit Line and Nano Credit Line?

• Credit Line is Personal loans under the supervision of the Bank of Thailand with the maximum interest rate of not more than 25% per year.
• Nano Credit Line is the loan which is designed to support financial needs for small business owners and salary earned person to start their extra business with the maximum interest rate of not more than 33% per year.

13. Which channel will I receive the Credit Line/ Nano Credit Line approval result?

The company will notify the Credit Line/ Nano Credit Line approval result via one of the following channels; LINE BK Alerts, LINE BK application, or letter.

14. Is it possible to get approval for both Credit Line and Nano Credit Line?

LINE BK will ensure you have got the best products that suits your purpose. As a results, each customer will get only one loan product either Credit Line or Nano Credit Line.

Disbursement

1. How do I disburse from my Credit Line/ Nano Credit Line?

You can disburse from Credit Line account via LINE BK application. 

2. What is a time I can disburse the money from my Credit Line/ Nano Credit Line account?

You can disburse the money from your Creit Line/Nano Credit Line anytime via LINE BK application.

Payment

1. Sample payment amount of Installment loan

2. How to repay the bill of my Credit Line/Nano Credit Line?

There are 3 payment channels as follows with no payment fees:

2.1. Automatic payment from your LINE BK Savings Account. You can set this feature through LINE BK.

2.2. Manual payment from your LINE BK Savings Account.

2.3. Make a payment via payment providers using QR code.

Suggestion: No worries from loan overdue by choosing automatic payment. The minimum due amount will be deducted from your linked savings account on payment due date

3. How to repay my Credit Line/ Nano Credit Line using automatic payment from my savings account in the LINE BK application?

4. How to repay my Credit Line/ Nano Credit Line from my LINE BK savings account?

5. How to repay my Credit Line/Nano Credit Line using QR code?

6. What  is the difference between billing date and due date?

• Billing date is the date that summarizes the account balance for the period.
• Due date is the date that payment is due.

7. How to check my payment due date?

8. How to check my monhtly due amount?

9. What is the impact if I missed payment for my Credit Line / Nano Credit Line, Do I have to pay additional fees

Once you disburse loans, you must pay a principal amount with an interest rate upon the payment schedule stated in the statement. If you fail to make a payment on the due date or late repayment, you may have an extra burden and a higher interest rate charged as per your default interest rate. You also may be ineligible for special interest rates and any special privileges, including decreasing or suspending your credit limit. ​

Please note that the additional default interest rate will not exceed 3% p.a. from your regular interest rate. However, the interest rate charged in total will not exceed 25% p.a. for Credit Line and 33%  p.a. for Nano Credit Line.