ttb financial lease

Financial lease is the type of credit limit to support your business by providing the option under the terms of the contract for lessee assets at the agreed price (Option price/Residual value) in the lease contract to extend the lease contract after expiration of contract upon company's consideration. It is suitable for juristic persons who want to gain more tax benefits due to the whole amount of lease payment is tax deductible expense.

Benefits
  1. Tax benefits because rental payments are fully tax deductible.
  2. Better manage Cash Flow from the lease by split up last payment for customers when contract end.
Conditions
  1. Juristic persons 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. Must not have a history of litigation.

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

Document Required

For Juristic Persons :

  1. Copy of juristic person registration certificate and list of shareholders
  2. Memorandum of Association, Articles of Association and Minutes of the Meeting with a resolution to request a loan
  3. Copy of the borrower's business license such as factory, hotel, which has not expired
  4. A copy of the commercial registration certificate or in the commercial registration
  5. Copy of financial statements certified by the auditor for at least 3 years
  6. Report on business transactions
  7. Copy of ID card and house registration
  8. A copy of the spouse's ID card and house registration
  9. Copy of marriage certificate
  10. Copy of certificate of name change - surname (if any)
  11. Other documents as the Bank deems appropriate