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Loans Supported by the State |
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Krungsri Energy Saving Loan |
The project was created thanks to the collaboration between the ministry of alternative energy development and energy saving (w.w), the ministry of energy as well as various financial institutions, including BAY. The objective is to equally distribute funds worth by BAY in order to promote energy saving, particularly in buildings and factories that are and that are not supervised. Moreover, BAY has proposed an additional 625 million THB to support the project in question, with details as follows:
Fund Allocation 875 million THB
Section 1: 250 million THB Fund for circulation
Section 2: 625 million THB Fund by BAY (additional)
INTEREST RATE
Section 1: Financial Aid from Department of Alternative Energy Development and Efficiency, Ministry of Energy – the bank is entitled to charge existing clients requesting loans a fixed interest rate of 4% per annum
Section 2: as regards the section assisted by the bank, the minimum interest rate applied is MLR–1% per annum
Fund Duration
Section 1: Up to 7 years ( Grace Period does not exceed 1 year)
Section 2: Loan department will assess accordingly
Project Support
For Section 1, financial support is up to 50 million THB (a single client is entitled to financial support for more than one project). For request exceeding 50 million THB, or investment not endorsed by the w.w. such as land, land modification expenses, buildings meant for other use than energy saving equipment and machinery storage, to name but a few, the funds from section 2 will be utilized
Conditions for Assessment and Loan Validation
1. The bank will be the guarantor of the Loan amount for section 1 and will be liable to the w.w The bank is also required to pay Section 1 to the w.w within 7 days from the maturity date as stated in the contract, whether the bank’s client has already provided funds or not
2. Other loan conditions comply with the bank’s rules and regulations
Further Inquiries Welcome at:
All BAY branches
Head office, Loan Department
Call Center 1572
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The Loan is offered to business entities possessing a competent innovation, being a project related to initiating or improving a business by knowledge or technology management. Such knowledge and Technology is acquired by research and development of production, invention and patent registration meant for new product development, new production process, new services, or a new highly efficient management system that is bound to benefit the economy and society.
Target Client
- Business entities having an innovation – oriented project, validated by the national innovation office.
Target Client Qualifications
- Thai national (natural person)
- Juristic Person registered in Thailand, shareholders must be Thai national individuals or Thai juristic persons representing at least 51% of the registered capital
- Does not receive funds from other agencies participating in the same project
- Proficient in Innovation business management
- Is not declared a by court verdict in a penal law suit, or convicted in a criminal case, or sued either in a penal or criminal court.
Loan Amount
- Up to 25 million THB allowed/ project. The loan will not exceed 80% of the collateral appraised value. The due interest for the first 3 years will be paid by the national innovation office on behalf of the entity receiving the support, according to the Innovation without interests project
Loan Duration
- Up to 6 Years
Conditions for Assessment and Loan Validation
- Comply with the bank’s rules and regulations
Further Inquiries Welcome at:
Medium-Sized Business Department 1
Te: 02-296-3731
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Krungsri Research and Technology Development Loan |
A Collaboration between the national Science and Technology Development Agency (NSTDA) and BAY, aiming at assisting the private sectors industrial activities with low interest rate loans, so as to invest and enhance the R & D and engineering capability within the organization for a given project, and/ or to benefit from findings or scientific and technological ability in R&D and engineering, available in state, private as well as in universities laboratories. The loan will be a foundation for carrying out those projects in order to improve industrial and commercial production. Assessment criteria are:
- The Loan is meant to support operations according to the R&D and engineering project’s objectives
- The project is included in one of the main departments
1. Biological Science/ Technology Dept.
2. Material Technology Dept.
3. Applied Electronics Technology and Computer Dept.
- The project has significant importance for the country’s economy, science and technology development
- The project is related to new product development or capital product development
- The project used or benefits from technical advising meant, for the introduced project design and content (problem – solving R&D and engineering proposal)
- The project is in collaboration with universities, institutions or state research agencies
- The budget distribution must be clarified – the re-questing private entity is entitled to invest at least 25% of the total project capital (monetary or non-monetary assets)
Loaner Qualifications
- Thai juristic person with at least 51% Thai national shareholders
- Small and medium – sized industries (also applicable for large private entities in some cases)
- Has financial, Technical and management ability
- Has not been granted R&D and engineering funds from other institutions participating in the same project
Loan Amount
- Up to 30 million THB, not exceeding 75% of the project’s budget
Loan Duration
- Up to 7 Years (counting from the first loan installment reception)
Grace Period (Initial Principal)
- Up to 2 years (depending on the bank’s judgment)
Conditions for Assessment and Loan Validation
- The private entity will enter the contract agreement directly with BAY (The commitment is solely between the private entity and the bank)
- Each project’s assessment and loan validation will be compliant with the bank’s rules and regulations, in turn approved and authorized by the NSTDA.
Additional Inquiries Welcome at :
Head office, Loan Department
Te: 02-296-4599
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Financial Aid for Tourism Entities in Songkla and Satun |
Objectives
Financial relief for loans outstanding, as well as funding in order to revive businesses
The Support we offer
BOT granted loan through a commercial bank, using a promissory note (belonging to a business entity) as collateral
Loaner Qualifications
Eligibility for Thai national individuals or juristic persons registered in Thailand with move than 50% Thai national shareholders of the registered capital, involved in tourism or tourism-related activity such as hotels, restaurants, department stores and retail-wholesale businesses that are affected by the unrest in the 3 deep south provinces, The loan requester must be operating and be in possession of a loan account in Songkla or Satun branches
Total Fund
The Bank of Thailand has allocated 3 billion THB for financial relief, the business entity can submit the request through any financial institution in order to be granted up to 500 million THB. Fund distribution for each entity will be processed according to specific needs and request submission order
Loaners wishing to obtain financial relief for loans outstanding can make a request according to the due amount he/she owes the bank, for funding in order to revive business. A loan can only be granted from the bank he/she is already indebted to.
Amount Purchased by Bank of Thailand
The bank of Thailand purchased 60% of the value posted on the bill, while BAY will pay 40%
Interest Rates
Up to MLR – 2.75% per annum
Bank of Thailand charges 1.0%/year (interest collection on due date)
Fine
A 5% per annum fine is charged
Loan Duration
Up to 2 years, counting from the day the bank of Thailand has given its first approval for support and aid request according to this program through any financial institution (eligibility valid only once)
Promissory Notes
For production businesses, up to 360 days (last P/N due date not after 31st of December 2008)
For other businesses, up to 180 days (last P/N due date not after 31st of December 2008)
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Financial Aid for Business Owners Affected by the Bird Flu |
Objective
Financial relief for loans outstanding, as well as funding for business revival
The support we offer
BOT granted loan through a commercial bank, using a promissory note (belonging to a business entity) as collateral
Loaner Qualification
Thai national individual or juristic person registered in Thailand with more than 50% Thai national shareholders of the registered capital for limited companies or the paid capital for PCL, Eligibility for business related to poultry farming, butchering, processing, wholesale as well as poultry products, including poultry and related products export (existing business entity to be included)
Existing business entity "refers to an entity listed by the Bank of Thailand as eligible for financial support for being affected by the bird flu on the day the act is in force (11th of march 2006)
Total Fund
- The bank of Thailand's financial aid amounts to 15 billion THB
- Business entities are eligible to forward an aid request through any financial institution (up to 1.5 billion THB/ Entity)
- The Bank of Thailand will allocate funds for each business entity according to specific needs and request submission order. Existing Business entities will be considered first (Fund will not exceed amount granted according to former schedule)
Amount Purchased by the bank of Thailand
- Less than 10 million THB - full face value of the bill eligible for loan
- More than 10 million THB - 60% granted; 40% forwarded by BAY
Interest Rates
- Less than 10 million THB - Bank of Thailand charges BAY 0.01%/annum ; BAY charges the client up to 2%/annum for 1st and 2nd years
- More than 10 million THB
1st year: Bank of Thailand charges BAY 0.01%/annum; BAY charges the client up to 3.5%/annum
2nd year: Bank of Thailand charges BAY MLR - 4.75%/annum; BAY charges the client up to MLR -2%/annum
Fine
A 5% fine is charged annually
Loan Duration
- Up to 2 years, counting from the day the bank of Thailand has given approval for aid (last bill due date not after 30th of June 2008); eligible for relief-according to this program through financial institutions-only once
- For existing business entities, consider the 11th of march 2006 as the approval date (last not due date not after 10th of march 2008)
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Financial Aid for Business Owners Affected by Tsunami Catastrophe |
Objectives
Financial relief for loans outstanding, as well as funding for business revival
The support we offer
BOT granted loan through a commercial bank, using a promissory not (belonging to a business entity) as a collateral
Loaner Qualification
Eligibility for business entities (natural persons or juristic persons registered in Thailand with more than 50% of the registered capital represented by Thai national shareholders) operating in areas directly affected by Tsunami disaster within the following 6 provinces: PangNga, Phuket, Karbi, Ranong, Trang and Satun
Total Fund
The Bank of Thailand has allocated 30 billion THB to commercial banks, who in turn will grant loands specific to each client.
Loaners wishing to obtain financial relief for loans outstanding can make a request according to the due amount he/she owes the bank, for funding in order to revive business. A loan can only be granted from the bank he/she is already indebted to.
Amount Purchased by The Bank of Thailand
80% of the bill’s face value
Interest Rates
BAY charges the client up to 2% per year. The bank of Thailand charges BAY 0.01% per year (interest collected on due date)
Fine
A 5% fine is charged annually
Loan Duration
Up to 1 years (bill due date not after the 28th of February 2006) Loan requests list is to be submitted to the bank of Thailand within the 28th of February 2006
Promissory Notes
A. Production enterprises, not over 360 days (due date not after the 28th of February 2006)
B. Other enterprises, not over 180 days (last note not dated after the 28th of February 2006)
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Financial Aid for Business Owners Affected by the Unrest in the 3 Deep South Provinces |
Objectives
Financial relief for loans outstanding
The Support we offer
BOT granted loan through a commercial bank, using a promissory not (belonging to a business entity) as a collateral
Loaner Qualification
Eligibility for individuals (Thai nationals) or juristic persons registered in Thailand with Thai shareholders representing more than 50% of the registered capital, affected by the unrest in the 3 deep south provinces (Thailand border) and is operating a business in Yala Pattani and Narathiwat
Total Fund
The Bank of Thailand has granted 20 billion THB to commercial banks, who will in turn distribute appropriate funds to each client (depending on the remaining debt the client owes the bank)
Amount Purchased by The Bank of Thailand
100% of the P/N face value
Interest Rates
Commercial banks charges their client up to 1.5% per annum, while the bank of Thailand charges the bank 0.01% per annum (interest collected on due date)
Fine
5% a year is charged
Loan Duration
Up to 1 years (P/N due date not after the 28th of February 2006)
Promissory Notes
A. Production enterprises, up to 360 days
B. Other enterprises, up to 180 days
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Bank of Ayudhya PLC (all branches)
Call Center 1572
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1222 Rama III Road, Bang Phongphang, Yan Nawa, Bangkok 10120 Thailand
Telephone: (662) 296-2000 press 1572, Email : webmaster@krungsri.com |
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