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DPU
A COMPARATIVE STUDY OF THE COSTS OF POST-FINANCE
HOUSING CREDIT PROVIDED FOR THE CUSTOMERS OF
KRUNG THAI BANK AND OTHER BANKS
SAMART THONGPHUAK
A Thesis Submitted in Partial Fulfillment of the Requirements
for the Degree of Master of Business Administration
Department of Business Administration
Graduate School, Dhurakij Pundit University
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Thesis Title A Compwative Study of the Costs of Post-Finance Housing Credit
Provided for the Customers of Krung Thai Bank and Other Banks
Author Sarnart Thongphuak
Thesis Advisor Asst.Prof. Dr. Adillla Pongyeela
Co-Thesis Advisor Assoc. Prof. Sirichai Pongwichai
Department Master of Business Administration M.B. A. ( F h c i a l Management)
Academic Year 2007
ABSTRACT
The purpose of this study was to compare the costs of post-finance housing credit
provided for the customers of Krung Thai Bank and other Banks by conducting comparisons of
interest present values, interest future values, interest revenue rate (IRR,), and internal rate of
return (IRRJ of Krung Thai Bank and those of the other 14 Banks to which they consisted of 12
commercial banks and 2 specific banks. These were categorized into 4 groups, i.e., large,
medium, small, and specific banks. The credit amounts used in this study were 500,000 baht,
1,000,000 baht, and 3,000,000 baht, and within the periods of 20, 25, and 30 years respectively.
And independent t-test was used in finding out the differences of each pair of interest values of
Krung Thai Bank and the aher Banks one at a time.
The fmdings could be concluded as the following.
1 . All interest present values of Krung Thai Bank and the other Banks including all
of Iarge, medium, and small, and specific banks had no signiticant difference at 0.05.
2. All interest future values of Krung Thai Bank and the other Banks including all of
large, medium. small, and specific banks had no significant difference at 0.05.
3. Most of interest revenue rates (IRR,) of Krung Thai Banks and the other Banks
inchding all of large, medium, small, and specific banks had no significant difference at 0.05,
except interest revenue rate of Thanachat Bank (to which it was a medium bank) had significant
difference at 0.05 from that of Krung Thai Bank.
4. All hnds of internal rate of return (1%) of h n g Thai Banks were lower than ail
that of the most other Banks of all sizes including specific banks, except that of Thai Bank. That
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was to say the 20-year-period IRR, of Krung Thai Bank was lower than that of Thai Bank but
higher than the 30-year-period IRR, of Thai Bank. All kinds of the IRR, of Krung Thai Bank,
however, were higher only than that of UOB Bank (a small bank). DPU
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DPU
6Ulnl'i
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n.j~inw ('lnqi)
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14,765.83
15,378.2s
14,765.83
15,363.46
FV A
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19,906.96
15.378.25
19,906.96
21.028.75
PV
S.D.
8,91s.48
9,038.74
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6.64 .52
6.87 .33
8.9 15.48
9,027.41
8,915.48
9,036.22
8,9 I 5-48
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9,672.20
8,915.48
10,655.63
t
-1.832
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9,284.35
9,038.74
9,284.85
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20,901.21
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BU%IFI (flfi1.1) -1.878
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14,765.83
15,287.71
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15,069.29
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10,117.80 15,8 18.38
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1. {&li l9gliU (%sent Value) V O . I ~ D ~ ~ ~ U U O . I % U I ~ ~ ~ ~ ~ ~ ~ ~ C I ~ " L I B M ~ ~ ~ ~ V ~ ~ ~ ~ W ~
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2. ~ ~ ~ ' ~ I ~ U D U I R R (Future Value) U O ~ Y ~ Q ~ ~ ~ ~ U U O ~ U U ~ ~ ~ ~ ~ ~ ~ ~ ~ I I ~ " E ~ ~ U I ~ ~ ~ ~ U U ~ F I
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3. h 5 7 ~ 8 f i l ~ b h (Interest Revenue Rate: IRR,) i ( l ~ 0 9 1 ~ l m ' l n ~ ~ ~ n ~ n ' ~ ~ u l a 1 f
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6 50
6.48
6.24
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6.46
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6.46
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6.46
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4. nq'uauirn~law1:n'a s u ~ m s n ~ ~ h u ~ ~ ~ ~ l w a ~ ; ~ ~ ' ~ ] b b n u (Internal Rate of
Return: 1%) Xlnj i ~UIRI~DDUBU E U I ~ ~ T O I ~ T ~ P L ~ ~ I ~ ~
DPU
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uulnkifn irn-auirns~aw~~Ra ~ l a : i o ~ ndl#lum38n~1~%"9d Yiibri 6mtiRonAiuiiukio i ct
iwnnodmritl ru iud 30 Squiuu 2ss0 (1msuinff 2)
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uo.rauim~n~~hut iuru~ni~~u ~ d o ~ ~ u u ~ d u u ~ n i ~ l u ~ u i n m (~umre Value) ~O.IRORI$U
A A 2 , u o ~ a u l m a n q . r ~ n u ~ ~ ~ ~ 1 ~ ~ ~ 0 ~ 1 ~ 0 1 ~ ~ ~ l ~ ~ u f l ~ ~ ~ 1 ~ 0 n ~ f l u a (Interest Revenue Rate: IRR,)
uo.raon~~uuo-rauimrnq.rlnuhnuima6uAtnz~Wd~~d.juu~iuu~m~i~nm~u~A~u (Internal
Rate of Return: 1%) uowonl~Uuo.raulmSn~9~MUn"'L1BU1n11~Pd
uo- rsu1~7rn~d~ nun"u~u1mi~8u~~~nd1~n'u qndi'luouinn (Future Value) SO~RDHI$UUO~
d ~ u l m r n ~ ~ h u n ' u a u l n 1 ~ 0 ~ I 1 ~ n ~ l ~ n " ~ ~sinoniifuh (Interest Revenue Rate: IRR,) u8.r
~ u ~ m ~ n l ~ h a f i u s u ~ ~ ~ ~ d u ~ ~ ~ n ~ ~ ~ n " ~ i~n:bnwnnouunu (Internal Rate of ~ m : 1%)
u o . r a u i r n ~ n ~ . r h u ~ ~ ~ u i n ~ ~ ~ u ~ ~ w n ~ i ~ ~ u wnnoun~~n '~ iubnurn5nf i~~ou~~~~~~1~0 - r~ A ~ I
~ Q . ~ R Q ~ ~ ~ u I ~ ~ z ~ ~ ~ ~ R O ~ I ~ C I L ~ M ~ I ~ ~ 63uriibi (t- test) 1Y
wnrn~ibn;dY&%ii
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DPU
A A d 1) yndiilqlju (Present ~ a i u e : PV) V D . I A O ~ ~ ~ ~ U O J X U ~ U ~ W L ~ O I W O W O ~ O I ~ U I
2 ) y niiluouim ( F U ~ Value: Fv) UD9RDnl~uV0.1r10nldUt109~U~uaUI~0
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DPU
A B 4 1) X J P ~ I % I ~ ~ ~ U (Present Value: PV) U ~ ~ R B ~ ~ ~ ~ U O J ~ ~ U ~ U ~ W L % B L W O ~ O ~ O ~ ~ U (
UO~I;U~U 500,000 uin i,ooo,ooo u m itnz 3,ooo,ooo uinio~nu~msn1.r~nu~u~uin~r '
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1. yndilug ~ p h ( ~ r e s e n t value: PV) O L A Z P ~ # I U ~ U ~ ~ ~ I ~ U O U ~ ~ ~ huqnril ( ~ ~ ~ G U I ~ U ~ ~ S Z Y 3unlsaFin'l (Discounting process)
2. #nril'luoulnn(~uture Value: FV) I ~ U ~ ~ L U ~ U ~ T M U ~ U (Compounding process)
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4. &35lwn~loulmu (Internal Rate of R e m : IRRJ ~3~6af1womouunudlbiua3n
m s n ~ v l u u n ~ A ~ u ~ n ~ i ~ 1 ~ q ~ ~ ~ ~ ~ P ~ u v o ~ ~ n d ' i ~ 1 u ~ ~ ~ ~ i ~ i ~ ~ ~ 1 ~ r " ~ 1 u ~ ~ ~ n m ~ ~ ~ ~ u
na1.r nrjuau~m~uuim~n ~m~nrjuauimr~aw~:n'o
w n o i ~ i i n l n m u i r o n n " n ~ ~ ~ u ~ ~ d l ~ ~ ~ d A A A
1. yariiilogriu (Present Value: PV) U Q I R Q ~ ~ ~ U U O ~ ~ U ~ U ~ U I ~ ~ L W O ~ O ~ Q I ~ U ~ U ~ ~ ~ ~
2. qnd~luou~nn (~ururc Value: FV) v ~ ~ ~ D ~ ~ ~ ~ u o ~ R ~ ~ ~ ~ ~ ~ o ~ ~ u ~ u ~ u I ~ B 4
iwonodo38uun.1Wudiu 500,ooo inn l,ooo,ooo uin tin: s,ooo,ooo u~nuntau~mrnr-rlnu
n'unuinisuu~n'ln~ su~msuuinnmt auimruu~~ldn iiazau1mraaw2:Ro Iur-u.-nmj 20 44- 'J 25 3 30 3 ~ ~ ~ ~ 3 l ~ l 6 ~ ~ ~ l 4 ~ 0 ~ 1 9 ~ o d " ~ 8 l ~ ~ ~ 1 9 f l 0 ~ ~ 5 ~ n " U 0.05 ~ ~ H F I P + ~ ~ U $ I U ? U & U ~ U
~udad~vi~riuuosl~dag~w 1n15finif ~ R C W ~ ~ ~ 0 n 1 ~ ~ ~ l ~ n ' ~ 1 ~ i ~ ~ n ~ 1 1 w ' n i ~ ~ i 6 i i ~ ~ 0 ~ ~ d i d
lufluiflol (FV) U D . I I U ~ R I ~ ~ ~ ~ ~ M U ~ ~ V B U I ~ S O U U I L ~ U U ~ ~ U U ~ U ~ ~ ~ ~ W ~n11~ilflnd3.lii~
o i i , i G i i ~ws1~mrd~u~orrn61y0~19~0~ ~ n w (FV) iin~iuriuriu~6unodi1u
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d 8 d 3. ~nWo"dtJ%I (Interest Revenue Rate: IRR,) U O P ~ ~ ~ U ~ U I T D I Y ~ Q ' Y ~ O ~ O ~ ~ U
U Q P ~ ~ U X U 500,000 uin 1 ,ooo,ooo uin urr: 3,00O,C40 u ~ n u o ~ a u ~ ~ ~ r ~ ~ ~ ! n u n " u n u i n i ~ DPU
3) b~i~nmouunu (nu(3 uo.rsu~rnrn~t!nu ~ ~ q ~ t n i i i m z d ~ n i ~ ~ u i n 1 J w u i n W d U liin Ra; nn q t n i ~ auimrgloi i t nailoil su~msn^n~X au~n~runuk1ouril~1d~A051uri~u
u 4' a u ~ r n r l n u a ~ ~ m ~ d ~ ~ i ~ t i ~ ~ O I ~ W ~ ~ T ~ ~ U ~ U U O U i ~ n ~ l ~ l ~ ~ d u j 1 t ~ ~ m ~ n ~ ~ 1 n u n i ~ 1 1 ~ 0
d d a u ~ u ~ # o i ~ i . r i u n ' u ~ u ~ n i ~ ' ~ u i ~ ~ d n ~ ~ un6uau~msglod ivi~i?ud~nnwnsloulinu
(1%) q4fii1
4) ~ Y ~ ~ H ~ ~ P I O U A I Y I U uo~au~mrnl.rIwu i i n i ~ m i m 5 i n w i ~ t k m ~
s u m 3 n'o auimrnnuZu auimsoin~rnc~n~isd oinwnrnaiiu1u4od itnn tln~~nduii s u ~ m r n ~ ~ ~ u n i l n ~ 0 d d 0 ~ ~ ~ 1 ~ ~ 0 ~ 1 s i ~ u ' u n ' ~ ~ u i n 1 ~ ~ n w i ~ i i ~ ~ ~ 2 auim114ili?u
nii-dlnun~d s u ~ m r n l ~ h u i i ~ ~ ~ a ~ e r u n ~ i 9 u ~ o P ~ w (w) ~nriiluouinn (FV)
~ ~ ~ a n ~ i i ~ r i u a u i m ~ w ~ ~ ~ u ' ~ ~ i i u a u 14 auinir n'Qubnnont$u?u (m,) i~mnpi~.rriu~iu~ 1 4 4 1
auimr Lvi~tu ZQ nruim~swnmnuni~ainonIdu~u (IRR,) qwjiau~m~n~~Ynu 11mqii
a u ~ n i ~ a u l n ~ l o : r n u ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ i n ~ i o " p l l ~ ~ m ~ n ~ d u ~ ' ~ l k ; i ~ a a d u e no~nXo tciu ilvn tv aa~rrqmR (2546) Aoiuidoauo~~~~~monidu~u (IRR,) ~ I X I ~ I IRR,
n - i ~ i n m t i i a u ~ n ~ r m u ~ i o ~ ~ ~ ~ r ~ e r ~ i ~ i n m n n ~ d u ~ ' u o J ~ n ~ ~dlurn.rnn'un'uX~winpn$iio: A A 4 ~ i i o n u i r n r ~ u n o ~ w o n o ~ ~ ~ ~ ~ u ~ ~ ~ w i ~ ~ ~ ~ ~ 2 ~lriq~gn~m~wi~on~uimlnl.rlnuumii
m r ~ ~ i i u r i i ~ m ~ i s o n ~ d o ~ u i ~ ~ m u ~ n i ~ n l ~ ~ n u ~ o u n i i ~ u i n 7 ~ ~ u ~ l ~
ri3uQ~1~nnau11nt.i (1%)
r ru r~7m{ 2 0 3 suirn~n:s?nu gani? auini~hnuauinis i~dlur:l?nl 3 0 3 auim~nlchu l in i i rnu~~~s~nuau~n i~ unn.rii ~~urnrniiwasiobn~nwop11tmu (1-1 A asnonnboqriu Brigham and Ehrhardl (2002: 307) dnrii~I-YIuitap y nriiuo-li~urnui?m
(Time Value of Money) il ~uuIqn~~m~l/ iu~m~m~~wontdu ~ ~ Q I T L I T U W ? O ~ I U ? U ~ ~ ~ ~
iasdiuG.~lu~idnz 9z jSdx ~ ~ ~ ~ u l n l i ~ ~ f l - i ~ ~ l ~ n d ~ ~ ~ ~ ~ ~ u ~ u i i ~ n ~ ~ v 0 9 20 %?15941?1?cf
B H gaiu ~ i ~ n ~ i , : 1 4 u i m r ~ u i ~ o ~ n ~ i B ~ o ~ a u ~ 1 n n u i n 1 f d ~ 2 iiria$q:nn~in.rarl~on{lu
r:orr-rm 20 Y I R ~ ~ ~ i m r h ~ a u i n ~ s i~nz18on{Iurcu~nm 30 .Jlruauirnmlc?nu~wf~: d v &r B dr~nfimnii o h ! ~ ~ P ~ ~ ~ ~ ~ ~ ~ U U O ~ ~ ~ J ~ ~ J ~ ~ U I U I L ~ ~ ~ ~ U I ~ I ~ ~ ~ E ~ O U ~ U I T N r - ~ m i u q
t d a ~ a i n ~ ~ l s i ~ n ~ l o m (1%) n a ~ ~ ~ z ~ ~ i ? r n i ~ ~ r g ~ { ~ ? ~ u g ? ~ i l j ~ d i d < i 6.1 4194 4 au1rn~9nid~Bmnwn~10 '~1~~n'~ (m) d18Q14UlWB~D~Bln*u9~~fid3Z~El'IId01flbU1~73tU
u i o n i ~ a u i n ~ r d ~ n'15gnwanouunu (%) q~ $ 4 ; ~ m 5 d s u i ~ 1 ~ n ~ ~ l m u i j d i ~ r n s i u d wnnnuunu (1%) i 1 njllu~madwifo~ A M U U ~ ~ ~ U B U I ~ I ~ ~ T D U I W U ~ I U ~ ~ ~ G ~ ~ ~ ~ ~ I ~ U
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~~ou&~ual iorJi innu?n*~~cIpJ'%uni~~i~~~ui~u~u~Ba~w"oRo~oia 'un'unu1n~~~u ri;! oio DPU
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i cl . (2548). u ~ n ~ ~ r ~ i ~ ~ ~ ~ ~ ~ ~ i % ~ n ~ ~ ~ ~ 8 u ~ ~ ( ! w ~ , * tonmsdrznoumr urruit1~119
~ ~ i m ~ i ~ ~ ~ i i n ~ m ~ r n ~ ~ u i ~ o i o ~ o ~ + o 2 I ~ D U W ( I H ? ~ ~ U U 2548 N L ~ L L S U
vlofpu. (Qd~cu~) . Q W 4 Exror ixMrnd liazna:. (2541). ~~Zrrr~uluascina. n7.rmwuwiuns: usunss:ILl~n::
d d. Swiwnv o ~ h . u A a d, numv~uarono~o18r1. (2548). ~ ( ; a n 1 ~ i ; u u m ~ a s u ~ - a " n ~ ~ 1 ~ n ~ a G ~ d 1 ~ ~ 1 1 ~ ~ 0 i ~ u (Housing
A 4 Finance Training Program). nvlnw r : ~ U l F i d ¶ d r r t r o w ~ ~ f l l ~ ~
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4 I U ~ I ~ S O I F I I ~ ~ A R S I . ~ . ~ l n n i ~ l i j o n ~ ~ ~ ~ z ~ a n ~ I u n ~ ~ ~ . BU/;UIUD 20 LUWUU 2550, ain
http:llwww.ghb.co.th 4 4 auin~roimr~.rmsi~n' . i u m a u r n ~ u o ~ u s e n e ~ o ~ ~ u . ~ U F ~ U L U ~ O 20 L~wuu 2550, vin
http:l/vnvw.ghb.co.th
ainr~midamwi
Books
Boeree, C.G. (2006). Sigmund Freud. Available FTP: h~://webs~ace.s~.edulceboer/fireudbmd,
1010912550.
Brigham, E.F. and M.C. Ehrhardt, (2002). Financial management: Theory and practice. lon
ed. Albert Complex: Lehigh Press, Inc.
Lea, M.J. (200 1). "International Housing Finance Sourcebook 2000." International Union for
Housing Finance. 4fh ed.
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S:I:I
mi6
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30
xu1n7$
O J ~ J
firmn:n'
D O ~ I ~ U
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lrinouBiuor
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2%-3%
~ 0 4 - i 4 f i ~ {
3%
unnraub
3%
unwoanii
JrrtGurin~
1.700*2,100
I
0.25Yo
uorariu{
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0.05Yo
vnwriju$
(2.500-5.000
urn)
MLW
M RR
7.SWb
7.0046
7.00%
6m~iaen1Cu
3; 1 MRR-1.30%
$d 2 MRR-1.25%
nd 3 MRR-1.W.
nhvinu'u MRR A - . -
m A Jn 1-3 = 6 . m
ukninuSl MRR-0.50% " "
- 4 Jn I = 6.25%
q i 2 = 6.50%
~i 3 - 6.75%
nd 4 = 7 . ~ 0 - 4 Jn 5 = 7.25%
nhnnriu MRR J Y ' "
?i 1 - 6.25%
31 2 = 6.50%
3; 3 - 6 7 5 %
34 4 = 7.W".
if 3-10 = 7.25.i
niaiinfiu MRK
I aA 1 - s . 5 0 ~
q i 1 - 6.50%
nfiqloliu MLR J -
~ ~ L R + I . W O (fliiliiu 3,CdO,W uinl
MLR+Z rn (d;iiu 3.m.000 ulnl
. A Jn 1 = 4.25Y"
U;~PI~!;U MLR
m 4 dn 1-2 = MLR-1.25%
~84qinliu MLR
3d 1 = MLR-1.75% . A Jn 2 = MLR-0.75%
uh.lnnh MLR
riinsrudrm
gut
5M1.MWI
0.25Yfi VO42.l
Gut
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grqa
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15%
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IUI~IY
nldlna
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7 . W
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7 . w ~
7.5W.
7 25%
7.50%
J Cnllrmontuu
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nn'~nnulu MLRQ.ZSB8 2 I
ait I = 4 . ~ ~ 1
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ad I - 4.50%
nn'qrinulu MLR " "
ad I = 73%
3d 2 = 6 W % nn'~nnCu MMLR
lu idmm& ad 1-3 - MLR-I w% nn'ninCu MMLR
'Jd I - 4.00%
nhinu'u MLR
ild 1.2 - J.fS% *
nn'qinu'u MLR
~d 1-3 - 6.75%
nfiaijrinCu MLR
- J Jn I = MLR-3.0096
nhnnu'u MLR
- J Jn I -2 - MLR- 1.50%
nn'anncu MLR
u - " J; 1-3 - MLR-1 .OD%
nfiq;rp~nu*u MLR
3'$1-a~<45ol.a
5$ z = MLR-I.Z!4;
nidoinu*u MLR 0.5m
mna~siqfl~ryqli MLR
5 i I - nrd 3.25%
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V D J U D ~ ~ U
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1.5W0
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2,500
2.140
0.25Y~
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( I ,000-5.000
uin)
2,675
2,675-5.350
mn
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0.25% UOJ
a d u t
I ,000 uin
10Ljut
q ~ q n
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80%
80%
1 0
SO?/.
90%
7:UZl
mi6
0) 30
30
30
25
30
30
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WUIUIWQ:
M t R (Minimum b a n Rak) nul~d4 gnb~r~ulnnj&i ds:~nnCufi~~~ui;~::u::~~a~ ltiuun#liiillu~nlrlju 11n:nioii
Hfinmfwu'PiildrefiuojiaIi3u~Ho ~ A U B U ~ R ~ ' ~ O ~ ~ J ~ D I ~ I ~ ~ ~~elnwl~~z~~~il~o~ntinnfw6dl~~id'1::n'u . ~ ~ u ~ ~ d r : % n ~ ~ n ~ G u v o ~
pnir.iuvia~riu
MRR (Minimum Retail Rate) nului% Q f l d l ~ ? U ~ O B ~ U ~ ~ ~ U ~ ~ ~ ~ S ~ W ~ B U ~ ~ ~ ~ U ~ ~ I S ~ U ~ tIa:n?oin~nn?w6{idr:n'u d i v Y oii.r1i7u~ne t w u n u 1 c l ~ s o 1 ~ n ' ~ ~ r ~ 1 i ; ~ d ~ ~ 1 n n 1 1 a ~ ~ ~ i ~ ~ ~ ~ n ~ n n 5 ' ~ ~ n 1 ~ r i 1 ~ s ~ n ' u 1 ~ 1 ~ ~ ~ d ~ ~ ~ 1 n i ~ n i s 1 3 ~ u 0 . 1 ~ n d i ~ 1 d ~ ~ ' i i u
1 ~ 1 ~ 1 1
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I # I ~
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aaonoiq3qqi MLR
14 I = 4.7%
nfiwinfiu M L R - 0 . 1 ~ ~ ~
4 doun 14 = 3.4%
doud 7-12 = 3.%
Gaqiniu MLR- I.WO uilKe~lli81nil
5.25%
I#OU~ 14 - 3.75%
d0ud 7-12 = 3.99%
n~aoinifu MLR- I.WO ~ R ' X a ~ l i i ~ n i ~
5.25Yo A w 3 dud- . A
dn 1 = n ~ d 4.75% . A Jn 2-3 = MLR- 1.w0
nh.rs,niu MLR-0.75% t t i i o l ~ l i i ~ n i i
5.500X
anoslelykqtyl~~~
R ~ ~ B A ~ $ V ~ ~ M L R
a:, I = ~ L R - ~ O W
36 2 = MtR4.75Yo - - J; 3 - MLR-O.5OBh
nkeinliu MLR in3
MLW
MRR
7.50%
7 . s ~ .
7.55%
7.25%
7 . 5 ~
7 . 5 ~
7 ~ d u t
gdqa
83%
85%
80-90./0
7PA-
tow/.
90%
90*/.
S:U:I
mi#
fl) M
30
30
40
30
25
Jtr~Su~~rn
2,675
2,500
2,675
2,675
2,500-
5,000
rii~rluBm
iufi
1,m uin
0.1%
uodut
0.5%
yo1
aldu6.
'Inaau4iunl
riou Ainua
2.00%
UOP-~~,?U{
m *e91~3u6
2%
u n n l i u ~
2%
rer~rfiufi
3%
ro l7~ iu t j
1%
~ ~ l 3 l d 1 1 {
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