NotiPass_80%K-Trade Connect will be closed on December 11, 2019 at 10:00 p.m. and resuming services on December 12, 2019 at 02:00 a.m. $More Details.%/en/announcement/Pages/SystemMaintenanceK-Trade-Connect.aspx
/en/business/loan/working-capital/pages/promissory-notes.aspx
Middle|Left
White
Promissory Notes
KWebPageContentHead
Increase Liquidity. Expand Business Boundaries.
InvisibleSectionName
10
Padding
Black
Middle|Left
Left
InvisibleSectionName
20
Padding
Black
Middle|Left
Left
HtmlBlock
11
Padding
KWebPageComponent3HTML
Enhance your business liquidity with our promissory notes.
Short-term working capital
to enhance business liquidity.
Options to reimburse partly or wholly
before the settlement due date.
Black
Middle|Left
Left
HtmlBlock
21
Padding
KWebPageComponent4HTML
How to Apply
| Qualifications |
|---|
Status | Income- Profits in at least 2 out of the past 3 years are positive
| Age of business- Have been in business for at least 2 years
|
Remark:
Other qualifications as per the bank's conditions
| Required Documents |
|---|
Private Individuals- Copy of the borrower's national ID card or official identification card
- Copy of the house registration of the borrower and spouse
- Copy of a marriage or divorce certificate, or death certificate of the spouse (if any)
- Copy of a name-surname change certificate of the borrower or spouse (if any)
- Copy of the personal income tax payment certificate
- A bank statement from a financial institution showing the past 6 months' history of transactions
- Photocopies of documents evidencing ownership rights to the property
- A sales-purchase contract or deposit contract (if any)
| Business Corporations- A certified copy of the partnership registration (issued within the past 3 months)
- Copy of the company Memorandum of Association and Articles of Association (issued within the past 3 months)
- Copy of the juristic person’s tax identification card
- Copy of the personal income tax payment certificate
- Minutes of the company board meeting agreeing on a resolution to request a loan and to open an account with the bank
- The latest financial statement submitted to the Revenue Department
- A bank statement from a financial institution showing the past 6 months' history of transactions
- Photocopies of documents evidencing ownership rights to the property
- A sales-purchase contract or deposit contract (if any)
|
Black
Middle|Left
Left
HtmlBlock
22
Padding
KWebPageComponent5HTML
Frequently Asked Questions
What is promissory note?
It is a short term loan service to support a working capital of a business. Clients use a promissory note as an evidence for loan; the amount is in accordance to loan authorized by the bank and the repayment plan is set.
How is the interest rate for promissory notes calculated?
The interest amount is calculated only on the principal amount of a loan. The accumulated interest of previous periods will not be taken into the calculation. There are 3 methods of interest collection:
- Deduct the interest in advance on the day a promissory note is issued.
- Pay the interest at the end of each month.
- Pay the interest once due.
Black
Middle|Left
Left
None
Padding
Black
Middle|Left
Left
None
Padding
Black
Middle|Left
Left
None
Padding
Black
Middle|Left
Left
None
Padding
Black
Middle|Left
Left
None
Padding
Black
Middle|Left
Left
None
Padding
Black
Middle|Left
Left
None
Padding
Black
Middle|Left
Left
None
Padding
Black
Middle|Left
Left
None
Padding
Black
Middle|Left
Left
None
Padding
Black
Middle|Left
Left
None
Padding
Black
Middle|Left
Left
None
Padding
Black
Middle|Left
Left
None
Padding
Black
Middle|Left
Left
None
Padding
Black
Middle|Left
Left
None
Padding
Black
Middle|Left
Left
None
Padding
Black
Middle|Left
Left
None
Padding
Black
Middle|Left
Left