StockLend by NestiFly

NestiFly Company Limited

About this app

A new option for applying for loans and investing through applications.

StockLend by NestiFly, a platform that provides peer-to-peer lending transactions. Serves as a matching intermediary between borrowers and lenders (P2P Lending Platform) by providing multi-purpose loans that use SET shares as collateral. NestiFly is the first P2P Lending service provider in Thailand to receive a license from the Ministry of Finance. and is under the supervision of the Bank of Thailand


Borrower

Opportunity for borrowers who just have SET stocks with good fundamentals but don't want to sell yet... but need money urgently

StockLend by NestiFly, a loan application for people who own stocks, just use SET shares as collateral.

- Quick approval within 1 business day*
- Interest starting at 5.75% per year and up to 9.70% per year*
- Maximum loan amount 50,000,000 baht (depending on the group of collateral shares (MAX) and LTV level)
- Any profession can apply for a loan. No need to use a pay slip
Collateral shares still receive the same dividends.


Lender (Investor)

Lenders with cold money Looking for investment channels low risk With good returns

StockLend by NestiFly, an application that answers your needs For people looking for investment and short-term loans in low-risk loans with stocks as collateral No need to go through an intermediary like a bank. Suitable for investors who don't have a lot of time. By letting your money work for you. It's another way to create Passive Income.

- Start investing with just 10,000 baht
- Can set risk criteria by yourself
- Receive returns from the "first day" of the loan contract
- Maximum return 7.60% per year*
- Choose your own period from 3, 6, 9, 12 months.
- No platform fees


Additional information for applying for a loan

Interest rates and loan application fees for StockLend by NestiFly are divided into 2 types as follows:

1. General borrowers receive an interest rate including fees between 6.20%-9.70% per year.
2. Borrowers with credit scores higher than the general borrower group as determined by the company. Receive an interest rate including fees between 5.75%-9.25% per year.


Maximum loan amount: 50,000,000 baht (Loan value depends on the group of collateral shares (MAX) and LTV level)



Example of calculating interest rates and fees

The borrower has XYZ shares with a security value of 100,000 baht in the MAX60 collateral group. Can apply for a loan up to LTV 60%. The loan application period is 90 days.

- The interest rate is 6.25% per year.
- Interest rate per 90 days = 6.25% * (90/365) = 1.54%
- Fee rate 1.80% per year
- Fee rate per 90 days = 1.80% * (90/365) = 0.44%

Money received at the start of the contract = Loan value - (interest + fees including VAT + stamp duty)

The fee rate does not include VAT (7% of the fee) and stamp duty. For every loan amount of 2,000 baht, there will be a stamp duty fee of 1 baht (maximum not exceeding 10,000 baht).


It can be calculated as follows.

- Loan value = Collateral share value x LTV = 100,000 * 60% = 60,000 baht
- Interest = Loan value x 90 day interest rate = 60,000 x 1.54% = 924 baht
- Fee = Loan value x 90 day fee rate = 60,000 x 0.44% = 264 baht
- VAT = 7% x Fee = 7% x 264 = 18.48 baht
- Fee including VAT = Fee + VAT = 264 + 18.48 = 282.48 baht
- Stamp duty = loan value/2,000 = 60,000/2,000 = 30 baht

Therefore, money received at the start of the contract = 60,000 - (924 + 282.48 + 30 ) = 58,763.52 baht


Warning

Investing in StockLend by NestiFly loans is not a deposit. And there is investment risk. Therefore, lenders should study the details and consider deciding to invest in StockLend by NestiFly loans appropriately and in accordance with the level of risk you accept before deciding to invest.



note

*Conditions are as specified by the company.
*The company may adjust interest rates and fees. To be consistent with market conditions


Please study more details at http://www.nestifly.com/

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