SpeedyCash 8.0.0

Speedy Cash is a loan application service regulated by the Ministry of Finance, license number 992/2564, offering provincial level credit. Applications are open to all professions, with a minimum income requirement of 10,000 Baht and above. The approval process is quick and easy at no cost.

Pico Credit

• Credit Limit: 50,000 Baht
• Annual Interest Rate: 33%
• Minimum Duration: 3 months
• Maximum Duration: 12 months
• No additional fees

Sample Calculation:

A loan of 10,000 Baht with a monthly interest of 991.88 Baht calculated at an annual interest rate of 33%.

The "S1" loan package offers:

• 62 Days - Interest Rate: 20%
• Service Charge: 5%
• Late Payment Interest Adjustment: 4% - Ceases after exceeding the 62-day deadline

Example:

• Loan Amount: 2,000 Baht
• Interest: 400 Baht
• Service Charge: 100 Baht

If payment is made on the due date, the total payable amount is 2,000 Baht. Late payment incurs a fine of 80 Baht per month after the 62-day deadline. If repayment occurs after exceeding the deadline by 62 days, an additional penalty of 160 Baht (80*2) applies, totaling 2,160 Baht.

Late interest rates vary based on different packages to comply with Pico regulations, not exceeding 36% per annum.

More Information