Chess Money

Chess Money is a P2P Lending company under the supervision of the Bank of Thailand.https://www.bot.or.th/th/financial-innovation/digital-finance/fintech-in-thailand/p2plendingsandbox.htmlThe borrower must be an employee of an employer organization that is a partner with Chess Money.Loan details- Interest reduction starts at 8% per year, maximum at 15% per year, constant throughout the contract period.- Loan term starts at 3 months and lasts up to 36 months.- Credit limit from 1.5 to 4 times of net monthly income.- Know the credit limit approval results as soon as you complete the application through the application. Then the loan application process can be completed within 5 minutes.- Receive the loan within 1-2 days after accepting the loan contract into the salary account.- Loans are reduced principal and interest and do not require collateral.- Close the contract early at any time after one contract period has elapsed.Example of calculating monthly installmentsLoan amount = 10,000 bahtInterest reduces principal and interest per year = 8% interestLoan term = 12 monthsMonthly installment = 869.92 baht per monthTotal installments = 10,439 baht (including interest 439 baht)Detailed calculation formulaMonthly installment = 10000 * ((8%/12)*(1+(8%/12))^12) / ((1+(8%/12))^12) -1 = 10,439 bahtCheck details or ask for more information atWebsite: chessmoney.co.thEmail : [email protected] out the Privacy Notice atWebsite: chessmoney.co.th/privacyChess Money revolving personal loan, low interest rate, large amount, fast approval. Chess Money is a P2P Lending Platform under the Bank of Thailands supervisionhttps://www.bot.or.th/th/financial-innovation/digital-finance/fintech-in-thailand/p2plendingsandbox.htmlEligible only for employees of organizations that partnered with Chess Money.Product Information- Effective Interest rate starts at 8% per year up to 15% per year, fixed throughout the contract- Loan tenors available start from 3 months up to 36 months- Credit limit is from 1.5 multiples up to 4 multiples of your net monthly income- Instantaneous credit limit approval upon completion of registration and make loan request in less than 5 minutes after credit limit is granted- Receive the loan within 1-2 days into your payroll account after acceptance of loan agreement- No guarantor or collateral required.- Prepay anytime after one installment has been paidExample of installment calculationPrincipal = 10,000 bahtEffective interest rate = 8% per yearTenor = 12 monthsInstallment per month = 869.92 baht per monthTotal amount of all installments = 10,439 baht (Total interest payment 439 baht)Detailed calculation of Equal Monthly Installment (EMI)Installment = 10000 * ((8%/12)*(1+(8%/12))^12) / ((1+(8%/12))^12) -1 = 10,439 bahtSee more details or drop a question atWebsite : chessmoney.co.thContact: [email protected] our Privacy Notice at:Website : chessmoney.co.th/privacy