ttb overdraft (O/D)

An overdraft (O/D) is a short-term revolving credit extended to a business in order to enhance its liquidity or to provide access for emergency funds, whereby the customer is allowed to withdraw money in excess of the current account balance within the limit specified by the Bank for use as working capital in the business operation.

Benefits
  1. Improve working capital and liquidity position for the business.
  2. Instant withdrawal whenever needed by writing cheques for payment out of the current account with an O/D line.
  3. Repayment can be made immediately whenever you wish in order to reduce interest cost.
Conditions
  1. Juristic person registered and operating business in Thailand.
  2. Minimum 2 years’ experience in the current business.
  3. Net operating profit for the last 3 years.
  4. No delinquencies history, maintaining good credit record with the NCB, not being under loan restructuring with any financial institution and not currently classified as an NPL.
  5. Not being sued in financial cases or declared bankrupt or under Court Order for business reorganization.

Remark: Other qualifications shall be as specified by the Bank.

Document Required

For Juristic Persons:

  1. Company Certificate issued by the Ministry of Commerce/Office of the Central Company and Partnership Registration together with business objectives
  2. List of shareholders (Bor. Or. Jor. 5)
  3. Company Regulations / Partnership Agreement
  4. Financial Statements and Auditor’s Report
  5. Internal Financial Statements or Value Added Tax Return Certificate (Por. Por. 30)
  6. Commercial documents such as A/R, A/P, Inventory Report, Bill Purchase
  7. Specific business license