Benefits
Preapprove hire purchase loans and able to draw down many times up to business needs within 12-month period
Conditions
- Maximum financing up to 95% of the purchase price of the car
- Installation term up to 60-month period
- Flat interest rate
- Require at least 1 guarantor (authorized director or major shareholder), except case of the financing amount is less than or equal to 60%
- Require First class insurance and give the benefits to the Bank throughout the hire purchase agreement.
Qualifications
- Juristic persons must be registered and have a business in Thailand
- The business has been operating in Thailand more than 2 years
- The business must have positive net profits in the past 3 years
- Good repayment history. Must not be in debt to NPL nor been restructured.
- Must not have a history of litigation
Remark: Other qualifications shall be as specified by the Bank.
Document Required
For Juristic Persons
- Company Certificate issued by the Ministry of Commerce together with business objectives
- List of Shareholders (Bor. Or. Jor. 5)
- Articles of Associations / Partnership Agreement
- Financial Statements and Auditor’s Report
- Internal Financial Statements or Value Added Tax Return Certificate (P.P. 30)
- Commercial documents such as A/R, A/P, Inventory Report, Bill Purchase
- Specific business license
