PAYPAYA: Legal Cash Loan 1.1.6

PAYPAYA is a legal cash loan application operated by Akulaku X Co., Ltd., which is part of the SCBX group and regulated by the Bank of Thailand. This platform aims to provide secure and reliable credit services, facilitating a seamless borrowing experience for individuals facing urgent financial needs.

Reasons to Consider PAYPAYA:

1. No Application Restrictions: Accessible to individuals from all professions and income levels.
2. Convenience: Requires only a valid Thai national ID card, with no further documentation needed.
3. Fast Approval: The process can be completed via mobile, with approvals typically within 5 minutes and immediate fund transfers post-approval.*
4. Transparency with No Hidden Fees: Interest is charged only when the credit line is utilized.
5. Flexible Repayment Options: Offers a variety of repayment plans without penalties for early repayments.
6. Customer Service: Support is available on all business days to assist users through the loan process.

*Note: While approvals are generally completed within 5 minutes, additional verification may extend the processing time.

PAYPAYA provides Nano Finance loans with a single disbursement structure and equal monthly repayments.

Loan Details:

• Credit Amount: THB 1,000 - 50,000
• Interest Rate (APR): 33% per annum (Interest decreases with lower principal amounts)
• Repayment Period: Minimum of 3 months to a maximum of 12 months
• No Collateral or Guarantor Required
• No Penalties for Early Repayments

Fees and Transparency:

1. Interest Rate (APR): Maximum annual rate of 33%, inclusive of all fees.
2. Example Calculation:

For a loan initiated on January 1, 2023, for an amount of THB 1,000 with a repayment structure over three installments:

• Total Loan Amount: THB 1,000
• Funds Transferred: THB 1,000
• APR: 33%
• Term: 90 days (30 days x 3)

The payment schedule includes:

• By January 31, 2023: Payment of THB 351.58 with principal repayment of THB 324.46 and accrued interest of THB 27.12. Remaining principal: THB 675.54.
• By March 2, 2023: Payment of THB 351.58 with principal repayment of THB 333.26 and accrued interest of THB 18.32. Remaining principal: THB 342.28.
• By April 1, 2023: Payment of THB 351.56 with principal repayment of THB 342.28 and accrued interest of THB 9.28. Remaining principal: THB 0.

Total amount repaid equals THB 1054.71, with total interest calculated at an APR of THB 54.72 from the original loan amount of THB 1,000.* This calculation serves as an indicative example and may vary based on specific conditions.

Eligibility Criteria:

• Age: Between 20 and 60 years old
• Must be a Thai national with a valid Thai ID card

User Instructions for PAYPAYA:

1. Download the application and register.
2. Verify your identity using your Thai ID card.
3. Submit a loan application and await approval.
4. Select your preferred loan amount and repayment duration.
5. Upon approval, funds will be transferred immediately.
6. Adhere to the agreed repayment plan for subsequent payments.

User notifications regarding account updates will be sent via SMS and email. Additionally, loan agreements will be available in the app and distributed to your registered email address.

*Exercise caution by borrowing only what you need and can manage responsibly.

PAYPAYA operates under Akulaku X Co., Ltd., complies with regulations set forth by the Bank of Thailand, and adheres to the Personal Data Protection Act (PDPA) B.E.2562.

Contact Information:

• Website: www.paypaya.com
• Customer Service:
  TEL: 027775999 (Monday - Friday, from 9:00 AM to 5:00 PM)
• Privacy Policy:
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