ttb long term loan

ttb long term loan for fixed asset investment is a facility which amount and repayment term are designed to match your business cashflow for your peace of mind

Benefits

Financing support to your business, speedy approval and competitive interest rate.  Our facility comes with “ttb sme one bank” account with many benefits e.g. convenience via electronic channel, free transactional fees and many more.

ttb smart biz - Program package includes facilities for working capital and asset investment / acquisition to suit your needs consists of

  • ttb overdraft (O/D) offers maximum credit limit up to 35 million baht, to support your daily business operations.  The interest rate starts at MRR+1% per annum, calculated according to actual utilized amount.

  • ttb term loan

     Loan for the construction of the premises. This is for purchasing land and building the business premises.

    • Credit limit of up to 70% of the appraised value of the building and 50% of the appraised value of the land.
    • The principal grace period is up to 3 months; the repayment period is up to 7 years (including the principal grace period). The borrower’s age, including the loan repayment period, must not exceed 70 years. The borrower can use this construction as collateral, without adding other collaterals.
    • Interest rates starting at MRR+0.75% per annum.

    Loan for purchasing operating premises, commercial buildings or a home office.

    • Credit limit of up to 85% of the appraisal price or trading price.
    • Loan repayment period.
    • Up to 12 years on a loan to purchase an operating premise.
    • Up to 20 years on a loan to purchase a commercial building or home office.
    • he borrower’s age, including the loan repayment period, must not exceed 70 years. The borrower can use this construction as collateral, without adding other collaterals.
    • Interest rates starting at MRR+0.75% per annum.

    Loan for purchasing machinery.

    • Repayment period is up to 5 years. The borrower’s age, including the loan repayment period, must not exceed 70 years.
    • Interest rates starting at MRR+0.75% , including reducing the principle and the interest.


For Term Loan, we are happy to offer special interest rates to customers who submit income documents eclared to revenue department as single source of income validation for credit application with ttb.

Conditions
  1. Juristic Persons.
  2. Thai entrepreneurs. The business is registered and operating in Thailand.
  3. Age between 20-65 years
  4. The business has been operating more than 2 years.
  5. Total sales of business group are not more than 200 million baht per year.
  6. Good repayment history. Never been in a financial litigation or declared bankruptcy.
Document Required

For Juristic Persons

  1. Company certificate issued by the Department of Business Development, Ministry of Commerce, and a shareholder list (no more than 3 months)
  2. A copy of the Company’s Memorandum of Association and a copy of the Company Limited’s Registration
  3. Copies of Identification card and copies of the house registration of the authorized director and shareholders of over 50%
  4. Latest financial statement which is audited by a licensed auditor
  5. Copies of income documents such as bank statement / Por. Por. 30 in the past 6 months
  6. Copies of documents evidencing ownership rights to property such as title deed / Nor Sor 3 Kor
  7. A copy of Business License (if any)