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Foreign Currency Promissory Notes
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Promissory notes in foreign currency.
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4 Major Currency Options
Remark: If Thai baht is preferred, the rate exchange transaction must be conducted with the bank.
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Receive loan amount in foreign currency as specified on the promissory note or in baht.
Remark: If Thai baht is preferred, the rate exchange transaction must be conducted with the bank.
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Loan Details
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Service DetailsA foreign currency loan for commercial | Types of Loan Term
Promissory Note (180 days) |
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Loan LimitSubject to the bank approval | Interest Rates / FeesAccording to the bank's regulations |
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CollateralAccording to the bank's regulations |
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Service Conditions- The objective of the loan must be clear and in compliance with the government's requirements.
- The loan must conform to the bank's terms and conditions.
- Evidence / documents must be in accordance with the purpose of the loan.
- Contract of foreign currency promissory notes and loan payment will be made.
- Customers must open an account in foreign currency as a domestic and/or current account with the bank for the withdrawal.
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How to Apply
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- A copy of the applicant's national ID card
- A copy of the juristic person's tax identification card and value-added tax registration
- A copy of the house registration, Company Memorandum of Association, and Articles of Association
- The company affidavit
- A bank statement from a financial institution showing at least a 6-month history of transactions, or copies of the company’s financial statements for the past 3 years
- Minutes of the company board meeting agreeing on a resolution to request a loan and to open an account with the bank
- Sales, purchase, or deposit contract(s)
- Photocopies of documents evidencing ownership rights to the property or rights to a condominium, together with the contents note registration
- A map of the location of assets to be used as collateral guaranteeing the loan request
- Other documents/evidence according to the requirements set by relevant government agencies (these can be submitted during the withdrawal)
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Frequently Asked Questions
What would happen if clients want to lend a foreign currency other than the ones the bank has?
In the case where clients would like to lend foreign currencies other than the 4 main currencies such as AUD, the bank shall consider this on a case by case basis. The conditions are according to the bank’s regulation (contact Relation Manager).
Examples of objectives and documents / evidence clients need to submit to the bank when they apply for the loan.
Objective
A loan for business investment abroad either in establishing a new business or in a joint venture.
Required documents
- A letter detailing the rationale and details of the investment
- An evidence detailing information of investors
- An evidence detailing a shareholder structure or ownership
- An evidence detailing information of the business being invested
- The latest audited financial statement of the business being invested
- Declaration form according to the Bank of Thailand
What to do to use this service?
Contact Relation Manager.