PAYPAYA: Legal Cash Loan

PAYPAYA is a legal cash loan application provided by Akulaku X Co., Ltd., a member of the SCBX group, and regulated by the Bank of Thailand. PAYPAYA offers safe, legal, and reliable credit services to ensure a smooth borrowing experience while addressing your urgent financial needs.

Why Choose PAYPAYA?
1.No Application Restrictions - Open to all professions and income levels.
2.Convenience - Only a valid Thai national ID card is needed. No additional documents required.
3.Fast Approval - Complete the process via your mobile phone. Approval within 5 minutes, with funds transferred instantly after approval.*
4.Transparency with No Hidden Fees - No interest charged until the credit line is utilized.
5.Flexible Repayment Options - Flexible repayment plans available with no penalties for early repayments.
6.Customer Service - Our customer service team is available on all business days.

*Note: Loan approvals are typically completed within 5 minutes. However, if additional verification is required, the process may take longer.

PAYPAYA provides Nano Finance loans with single disbursement and equal monthly repayment options.

Loan Details:
• Credit Amount: 1,000 - 50,000 THB
• Interest Rate (APR): 33% per annum (The lower the principal, the lower the interest)
• Repayment Period: Minimum 3 months - Maximum 12 months
• No Collateral or Guarantor Required
• No Penalties for Early Repayments

Fees and Transparency:
1. Interest Rate (APR): A maximum annual interest rate of 33%, Inclusive of all fees.
2. Example of installment (principal + interest) calculation for PAYPAYA loan product offering (Nano Finance):
On 1 January 2023, the customer signs a loan contract with PAYPAYA with amount THB 1,000 with 3 installments
• Loan amount: THB 1,000
• Money transferred to customer's bank account: THB 1,000
• APR: 33%
• Tenor: 30 days *3=90 days

Therefore,
• 31 Jan 2023, pay THB 351.58 with the principle=THB 324.46, accrued 30-day interest 1,000.00*33%*30/365=THB 27.12, The remaining principal=THB 675.54
• 2 March 2023, pay THB 351.58 with the principle=THB 333.26, accrued 30-day interest 675.54*33%*30/365=THB 18.32, The remaining principal=THB 342.28
•1 April 2023, pay THB 351.56 with the principle=THB 342.28, accrued 30-day interest 342.28*33%*30/365=THB 9.28 The remaining principal=THB 0

Total payment=THB 1054.71 with the total interest (calculated at 33% APR) = THB 54.72 from the principal of THB 1,000*
(This calculation is indicative and subject to change based on specific conditions.)

Eligibility Criteria:
• Age: 20-60 years old
• Thai nationality with a valid Thai ID card

How to Use PAYPAYA:
1.Download and register on the app.
2.Verify your identity using your Thai ID card.
3.Apply for a loan and wait for approval.
4.Choose your desired loan amount and repayment period.
5.Upon approval, the funds will be instantly transferred.
6.Make payments as per the agreed repayment plan.

Account updates and other notifications will be communicated via SMS and email. Loan agreements will also be accessible within the app and sent to your registered email.

Note: Disbursement is usually immediate upon approval, but occasional delays may occur due to unforeseen circumstances.

*Borrow when necessary and within your means.

PAYPAYA is provided by Akulaku X Co., Ltd., regulated by the Bank of Thailand, and complies with the Personal Data Protection Act (PDPA) B.E. 2562.

Contact Information:
• Website: www.paypaya.com
• LINE: @paypaya
• Customer Service: Tel. 027775999 (Monday - Friday, 9:00 AM - 5:00 PM)
• Privacy Policy: https://loan.paypaya.com/#/register/privacy-policy-viewer?versionName=1.1.1

Akulaku X Co., Ltd.
18 th Floor, Siam Commercial Bank, HQ 9 Ratchadapisek Rd., Jatujak Bangkok 10900 Thailand