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Loans Supported by the State |
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Krungsri TaweeMunkong Loan Program |
KEY FEATURES
A long-term loan ideal for investment in fixed assets to enhance production efficiency or reduce operation costs , loan duration up to 8 years
CONDITIONS
Possession of assets used as for collateral
Long-term loan : up to 70% of asset appraised value
Working capital limit granted to businesses on a case-by-case basis
YOUR BENEFITS
First 2 years are charged a fixed interest rate of 6% per annum; MLR will be charged annually afterwards (MLR as of the 10th of August 2001).
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Krungsri TaweeRungruang Loan Program |
KEY FEATURES
A special-interest-rate long-term loan, ideal for expanding business growth or reducing operation costs of hotel business.
LOANER QUALIFICATIONS
1. Possess a clean record and good reputation; business stability is also a pre-requisite.
2. Eligibility for hotel business graded at least 3 stars with at least a room capacity of 200, approaching figures to be applied for hotels located outside Bangkok and vicinity.
3. Business generated net profit for at least 2 consecutive years (counting from latest operation year onwards); or a number of yearly remaining cash-flow from business is acceptable. Hotels in construction process or newly-operated businesses must be of a hotel group or chain meeting the requirements aforementioned.
4. Managed by a professional team or operating under a quality Hotel Management Chain system.
LOAN LIMIT
Up to 70% of appraised collateral value as determined by the bank.
LOAN DURATION
Up to 8 years.
INTEREST RATES
First 2 years are charged a fixed interest rate of 6.5% per annum. MLR will be applied from the 3rd year onwards.
FEES
Standard bank fees are collected from clients.
COLLATERAL
Land, office building, hotel and/or transfer of rental rights covering all land used for operation; including other collateral requested by the bank such as guarantors.
CONDITIONS FOR LOAN ASSESSMENT AND EVALUATION
1. Collateral Appraisal - total asset evaluation is performed by BAY or independent appraisal entities that are accepted by the bank; asset assessment performed by the independent appraisal committee might not be taken into consideration.
2. Other loan conditions will be determined by the bank accordingly.
Further Inquiries Welcome At:
All BAY branches
or Construction and Property Businesses Loan Department
Tel: 0-2296-3739-40
Call Center 1572
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Loan Support SMEs PTT for Products Resellers Program |
OBJECTIVES
To assist PTT in collecting payments of products from various clients, i.e. gasoline/gas stations and/or gas packaging plants, private businesses, government agencies and state enterprises.
LOAN TYPE
Overdraft (O/D) limit (PTT)
LOAN AMOUNT
Equal to B/E, L/G, O/D or P/N amount with the bank [ request for converting only those limits in order to settle payments for PTT products, instantly without the need to make a new request; in addition, temporarily freeze former loan limit (for PTT) upon using O/D limit (PTT) ]
DURATION
Limit utilization reviewed at least once a year.
Completion date 31st of December, 2006.
INTEREST RATES
Collateral / no collateral at least MOR p.a.
Time deposit account used as collateral F/D + 1.5% p.a.
Savings account used as collateral S/D + 1.25 % p.a.
CONDITIONS OF USE
Open a new O/D account separately with account name On behalf of _ _ _ _ _ (clients name) for PTT PCL.
Loan utilization by using BAY-issued cards through EDCs only is allowed (ATM cards, Debit cards, cheques or other financial instruments are prohibited).
Balance can be credited into accounts through any channel.
COLLATERAL
As available.
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BAY SMEs AGAINST P/N Loan Program |
Objectives
Loan extended to SMEs in order to compensate for the decrease of financial support by the Bank of Thailand given to banks in order to grant loans to SMEs. The P/N value issued as a result of medium and small sized enterprises activity used as collateral is decreased from 9.1 billion THB to 6 billion THB
Loaner Qualifications
Eligibility for medium and small-sized state enterprises, according to criteria set by the Bank of Thailand
Total Fund
5 billion THB
Loan Granted Per Entity
Valid for enlargement increase of banks loan limit or compensate for SMEs funds, reduced or canceled by the Bank of Thailand
Interest Rates
At least MLR 1.5% p.a. for SMEs funds compensation (total finding by the Bank of Thailand regulations)
At least MLR 1.0% p.a. for loan limit enlargement increase and/or for compensating SMEs funds reduction by the Bank of Thailand.
Loan Duration
1 Years, counting from validation date
P/N Duration
Up to 90 days for each P/N (interest collection monthly)
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Fixed Interest Rate for Good Corporate Clients Loan Program |
Objectives
To keep and increase major reputable loan (Clients, offering than unwavering stability as a result of monetary market fluctuations
To support reputable loan clients possessing progress potential, so as to remain a solid loan foundation for the bank
To increase interest and service revenue in order to enhance the banks operations
To compete with other banks especially when BAY;s interest rate are higher
Loaner Qualifications
Client must be providing BAY with opportunities for additional transactions
Loaner must possess a business with outstanding/decent potential (to be considered as a basis)
Existing clients are required a Credit Rating exceeding or equal to BAY 5
Eligibility for clients generating continuous profit for at least 2 years, with sales volume not less than 200 million THB (budget accredited by reliable certification)
Loan Category
Loan duration 1 or 2 years for revolving, investment or refinance from other banks, starting at 50 million THB
Total Fund
Up to 10 billion THB
Interest Rates
1 year: Fixed interest rate of 5.50% p.a.
2 years: Fixed interest rate of 5.75% p.a.
Loan Duration
Jan Dec 2006
Other Conditions
Collateral and conditions are under the loan assessment committees scrutiny
For loans exceeding 2 years, the given interest rate is also applicable
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Loan Support for NGV System Installation Program |
Objectives
For individuals and juristic persons desiring to install an NGV system
Loaner Qualifications
Individuals (Natural Persons)
rightful owner ( according to registration papers) of the vehicle on which NGV System is to be installed)
No undesirable and/or bad debt record according to the enquiry report performance by the bank
Earn at least 10,000 THB/ month income, with a net income of over 50% of revenue after deduction other due expenses
At least 2 years experience in the occupation, or 1 year for business owners or regular salary earners respectively
Covered by life insurance (issued by life insurance company) for a sum equaling the loan requested (possibility to include this amount in the granted loan)
Juristic Persons
Registered and has been operating for at least 3 years
Latest year has generated profit
No undeniable and/or bad debt record according to the enquiry report performed by the bank
Total Fund
500 million THB
Loan granted per entity
According to actual installation expenses
Interest Rates
For Individuals: fixed interest rate of 5% per annum
For Juristic persons: fixed interest rate of 4% per annum
Fees
1,000 THB/ Loan Request
Loan Duration
Loan less than 100,000 THB: between 12-36 months
Loan exceeding 100,000 THB: between 12-60 months
Project Validity
5 years (until December 2010)
Collateral
Individuals: none required what solver
Juristic persons: director possessing relevant authority or major shareholder is guarantor
Loan withdrawal
Bay will directly pay the system installer and the life insurer (loaner will not be involved in the process)
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POST-FINANCE for Retail Clients at Siam Paragon Department Store Loan Program
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Objectives
In order to offer Post-Finance support to retail clients operating businesses located in prime areas of Siam Paragon Department Store
Total Fund
500 million THB
Loan granted per entity
Long term loan for rental entitlement fees up to 75% of rental entitlement value
Long term loan for decoration expensed up to 70% of actual decoration expenses, not exceeding 25% of rental entitlement value
Interest Rates
Long term loan for rental entitlement
First 6 years: MLR 0.5% p.a. (currently MLR =5.7% p.a.)
From 7th year onwards: MLR charged annually for lower interest rates, please forward your request to the loan assessment committee (each case will be examined and authorized separately)
Long term loan for decoration expensed MLR 0.5% p.a. is charged
Loan Duration
Long term loan for rental entitlement fees up to 12 years (Grace Period 1 year)
Long term loan for decoration expense fees up to 5 years (Grace Period 1 year)
Collateral
Provide BAY with Siam Paragon Complex Rental entitlement for full loan amount
Obtain an accident insurance policy (coverage for rental entitlement) valid for operating zone BAY will be the benefactor of the total insurance funds (or as much as the insurance company can grant)
For juristic persons requesting the loan, guaranteed by representation from a major shareholder or a director (for the full loan amount) is required
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"Krungsri Payroll Plus Loan" (Krungsri P-Plus Loan) Personal Loan Program |
Objectives
Loan offered to state officers/state enterprises employees earning their income through a BAY account and switching to a Payroll Account
Loaner Qualifications
A state officer/ state enterprise employee earning salary through a BAY account (Payroll Account)
Aged at least 21 years old
Net income per month at least 5,000 THB
No bad debt record according to the enquiring report performed by the bank
For loans of state officer/state enterprise employee status, whether by resignation or employment cessation, the loaner is required to repay the remaining loan balance. For individuals wishing to continue paying the bank, it is necessary to make another request as if applying for a loan (according to the Krungsri C-Loan Principle)
Loan granted per request
Net income 5,000 10,000 THB (including salary and provable special benefits) up to 6 times net income
Net income exceeding 10,000 THB (including salary and provable special benefits) up to 6 times net income
Up to 1,000,0000 THB/ Loan request
Interest Rates
Krungsri P Plus 1: MRR + 2.75% p.a. (currently equal to 9%)
Krungsri P Plus 2: MRR + 2.5% p.a. (currently equal to 8.75%)
Loan Duration
Krungsri P Plus 1: 1 year; loan contract is automatically renewed annually for commendable account circulation and bank record
Krungsri P Plus 2: Between 1-5 years
Loan contract will end when loaner reaches 60 years of age
Guarantors
None required what socver
Other Conditions
Loan withdrawal transfer total funds into BAY loaners account
Payment is done through auto payment
2% fine of the loan amount for total repayment within 1 year (applies to Krungsri P-Plus 2)
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Loan Support for Savings Cooperative Program |
Objectives
Loan offered to savings cooperatives in order to operate their business deposit service and loans for members or other cooperatives
Loan granted per entity
Overdraft (O/D)
Up to 20 million THB
Short-term loans against P/N
Collateral is bank account/ government bonds/ state enterprise bond (endorsed by government) loan up to 100%
Collateral is state enterprise bond (not endorsed by government)/debenture; loan up to 80% (debenture must have at least an A-rating)
Interest Rates
Overdraft (O/D)
Collateral is bank account: F/D + (at least) 2.0% p.a.
Collateral is debenture/ bond/ committee member as guarantor: at least MOR p.a.
Short-term loans against P/N
Collateral is bank account: F/D + (at least) 2.0% p.a.
Collateral is debenture or bond: at least B/R +0.25% p.a.
Fees
Overdraft
Free of charge. For loan procedure fee exemption, consult the Executive Vice President of the loan department
Short-term loan against P/N
Free of charge. For loan procedure fee exemption, consult the Executive Vice President of the loan department
Loan Duration
Overdraft (O/D)
Up to 1 year (assessed annually)
Short-term loans against P/N
Up to 1 year (loan utilization assessed annually)
Guarantors
Overdraft (O/D)
Short-term loans against P/N
Up to 90 days
Collateral
When nominating a cooperative management committee member/director as a personal guarantor, the spouses authorization endorsement is to be exempted (who assumes the role of cooperative committee and or director). Upon nomination, a new management committee and/or cooperative director will assume the role of guarantor instead of the former committee who will be relived of the status (of guarantor) as soon as the new committee has endorsed guarantee with the bank.
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Loan Support for Rajamongkol Technology College / Rajapat University / Other State Universities Program - Also Applicable for University Dormitories Constructor |
Objectives
Long-term loan for Rajamongkol Technological Institute/ Rajapat University/ Other State Universities in order to purchase dormitories from constructors
For expense coverage-dormitory buildings (student aid), as well as other related facilities. Supplies, equipment and relevant systems (in order to pay constructors)
Long-term loan for constructors
In order to build dormitories and other related facilities, supplies, equipment and relevant systems for Rajamongkol Technological Institute/ Rajapat University/ Other State Universities
Total Fund
Long-term loan for Rajamongkol Technological Institute/ Rajapat University/ Other State Universities in order to purchase dormitories from constructors
Up to 1 billion THB
Long term loan for constructors
Up to 1 billion THB
Loan granted per project
Long-term loan for Rajamongkol Technological Institute/ Rajapat University/ Other State Universities in order to purchase dormitories from constructors
Up to 80% of the investment capital (except for Rajamongkol Technological Institute at Thanyaburi (Klong 6) up to 100%)
Long term loan for investors
Up to 80% of the construction work price, and up to 90% of the construction cost.
Interest Rates
Long-term loan for Rajamongkol Technological Institute/ Rajapat University/ Other State Universities in order to purchase dormitories from constructors
At least MLR 1.5% p.a. (as of now, MLR = 7.0% p.a.) and/ or at least F/D +1.5% p.a. (for maintained deposit portions of the loan amount)
Long term loan for constructors
1st-2nd year are charged MLR 0.25% p.a. (as of now, MLR = 7.0% p.a.)
3rd year onwards: MLR p.a. is charged
Fees
Long-term loan for Rajamongkol Technological Institute/ Rajapat University/ Other State Universities in order to purchase dormitories from constructors
Prepayment penalty fee for refinance is charged 2.0% of the fund (free of charge when monthly payments exceed conditions)
Other fees are exempted
Long term loan for constructors
Front End Fee: 0.5% of the fund
Prepayment penalty fee for refinance is charged 2.0% of the fund (free of charge when monthly payments exceed conditions)
Other fees are exempted
Loan Duration
Long-term loan for Rajamongkol Technological Institute/ Rajapat University/ Other State Universities in order to purchase dormitories from constructors
Up to 15 years
- Long term loan for constructors
Up to 15 years (counting from the date the first loan installment is withdrawn)
Guarantors
Long-term loan for Rajamongkol Technological Institute/ Rajapat University/ Other State Universities in order to purchase dormitories from constructors
Long term loan for constructors
Transfers right to receive payment according to investment agreement/ construction investment contract between the university and the loaner, by refusing the right ingression (the bank becomes the beneficiary)
Managers and/ or major shareholders-loaner must obtain personal guarantee covering total funds
Other Conditions
Long-term loan for Rajamongkol Technological Institute/ Rajapat University/ Other State Universities in order to purchase dormitories from constructors
The university is required to perform a financeial operation with BAY such as owning bank account(s), ATM ID service, Bill payment for registration fees or payroll services
Long term loan for constructors
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Loan Support for Retail Businesses without Collateral Program |
Objectives
Support offered to retail businesses needing working capital in order to enhance operations liquidity, enlarge and improve their business as well as purchase supplies and equipment, to name but a few.
Loaner Qualifications
Individuals owning a business or at least 51% share holder representation (of juristic person)
Juristic person company or limited partnership
Has been operation for at least 3 years
Does not currently have a bad debt record according to the banks enquiry report
Loan Categories
Term loan (payable monthly) with duration, or use with overdraft (O/D does not exceed 20% total funds loan fund as base)
Total Fund
200 million THB
Interest Rates
Term loan: MRR + 6 % p.a. to MRR + 8 % p.a.
O/D: MRR + 9 % p.a
Default interest rate 24% p.a. (unpaid installments exceeding 91 days)
Fees
Term Loan
Front End Fee: 0.5% of granted fund (collected when loan is tranfered into clients account)
Total Repayment within 1 years: a fine of 5% (of the granted fund) will be charged (counting form the contract withdrawing date)
Late charge, or partial payment 200 THB/ installment, with a grace period of 7 days
Fine for paying more than fixed installment 2% of extra payment
Other fees are compliant with the banks regulation
Overdraft
O/D maintenance fee: 2,000 THB/year (upon renewal of fund)
Other fees are compliant with the banks regulation
Loan Duration
Between 1-5 years. Loaner must not be over 65 years old upon fulfillment of contract.
Guarantor (For juristic persons)
Business benefactor/ shareholders possessing more than 51% of shares/ committee with endorsement authorization/ directing partner without a bad debit record
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Loan Support for C.P Seven Eleven PCL Franchisee Program |
Objectives
Eligibility for CP 7-Eleven PCL franchisees
Total Fund
50 million THB
Loan granted per request
Depending on the franchise type:
TYPE A: Maximum loan amount is within 1,000,000 Baht.
Type B: Maximum loan amount is within 1,000,000 Baht. (66.67% of the 1.5 million THB investment capital)
Type C: Maximum loan amount is within 1,900,000 Baht. (79.17% of the 2.4 million THB investment capital)
Interest Rates
Term loan: MRR + 6 % p.a. to MRR + 8 % p.a.
O/D: MRR + 9 % p.a
Conditions violation interest rate 24% p.a. (unpaid installments exceeding 91 days)
Fees
Loan Request fee: 1,000 THB
Front End fee: 0.25% of loan fund
Loan Duration
Type A and Type B: up to 5 years
Type C: up to 8 years
Loaners must not be aged over 60 upon fulfillment of contract
Loan Repayment
CP 7-Eleven PCL franchises are in charge of deducting from to loners income in order to repay the loan to BAY. The responsibility also includes the retrieval of the loaners guarantee fee that he/she is canceled the franchise agreement (BAY will be the beneficiary of guarantee fee)
Loaner Qualifications
Successful candidate certified by CP 7-Eleven PCL as qualified and earning sufficient remaining income monthly on order to repay the bank
Has sufficient net income to pay installments (after deducting merchandise and other expenses)
Loaner must not have a bad debt record according to the banks enquiring report
Other Conditions
Other Conditions comply with the banks regulations
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Loan Program for FACTORY MALL Clients - Anyathani Industrial Estate (GEMOPOLIS) |
Objectives
Loan extended to clients of factory mall (in the project), usually SMEs in the gems and jewelry industry.
Loan per request
For land and building purchase
Non-Thai citizens: up to 70% of retail price
Thai nationals: up to 80% of retail price
NB: loan requested must not exceed appraised value of collateral
For machinery purchase (used in business): up to 70% of the machinery retail price.
Interest Rate
MLR
Fees
Front End Fee: 0.5% of loan amount
Other fees comply with banks regulations
Loan Duration
Up to 8 years
Collateral
Land and building(s) will be used as collateral covering the total value of the loan. Machinery will also be added as a collateral for machinery purchase loan
Further Inquiries Welcome At All BAY branches
Call Center 1572
Special Interest rate for reputable existing clients against refinance from other financial institutions loan program
Objectives
To prevent reputable clients from being seized by other competing financial institutions, as well as to keep reputable clients
Loan per request
Eligibility for clients with commendable business operation, with a Credit Rating not less than BAY 5 ,S5
A reputable BAY client for at least 5 years (company or affiliated company); continuous and decent business operation; no bad record with the bank
Numerous channels for providing the bank with income, such as interest revenue, revenue from foreign currency, loan fees revenue as well as from after services.
Included in the core and general economy
Core asset as collateral
A bank account of at least 30 million THB. (free of duties)
For project finance that are well advanced, risk lessened and almost capable of generating income, even though in contact with BAY for less than 5 years
Total Fund
3 billion THB
Interest Rates
1st year: at least MLR (or MOR) 2.0% p.a.
2nd year: at least MLR (or MOR) 1.5% p.a.
3rd year: at least MLR (or MOR) 1.0% p.a.
4th year: conventional rate is applied
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Special Interest Rate Loan Program for Existing Clients with a Good Record - Protection Against Refinance by Other Financial Institutions |
Special Interest rate for reputable existing clients against refinance from other financial institutions loan program
Objectives
To prevent reputable clients from being seized by other competing financial institutions, as well as to keep reputable clients
Loan per request
1. Eligibility for clients with commendable business operation, with a Credit Rating not less than BAY 5 ,S5
2. A reputable BAY client for at least 5 years (company or affiliated company); continuous and decent business operation; no bad record with the bank
3. Numerous channels for providing the bank with income, such as interest revenue, revenue from foreign currency, loan fees revenue as well as from after services.
4. Included in the core and general economy
5. Core asset as collateral
6. A bank account of at least 30 million THB. (free of duties)
7. For project finance that are well advanced, risk lessened and almost capable of generating income, even though in contact with BAY for less than 5 years
Total Fund
3 billion THB
Interest Rates
1st year: at least MLR (or MOR) - 2.0% p.a.
2nd year: at least MLR (or MOR) - 1.5% p.a.
3rd year: at least MLR (or MOR) - 1.0% p.a.
4th year: conventional rate is applied
Further Inquiries Welcome At All BAY branches
Call Center 1572
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Governmental Aid for Vehicle Purchase Loan Program - Applicable for Government Officers as well as Regular Clients and Employees of State Entities |
Objectives
In order to increase the number of loan clients, being clients with a stable occupation and mostly highly income
Loaner Qualifications
Eligibility for state officers and employees of state agencies / organizations having an account debit agreement until fulfillment of contract
Loan per request
Up to 100% for new car purchase plus various expenses such as insurance fees, loan request fee and legal agreement fee.
Interest Rate
1. Loan for motorcycle purchase at least MLR+1 per annum (whole contract length)
Fees
2. Loan request fee: 1,500 THB (including VAT); applicable for any loan amount
3. Legal agreement fee excepted
4. Loan contract tax fee (paid by BAY) The fee in mention can be joined with the loan amount, according to the principle and the conditions of section13
Loan Duration
Up to 7 years; loaner must not be aged over 60 or retired upon fulfillment of contract
Other Conditions
The agency will be in charge of debiting the loaners salary in order to repay the bank. The loaner is required to provide his/her agency with a written authorization for account debit.
For loaners who no longer possess the employee status whether by resignation, by contract cancelation or for any other reason the agency will formally notify the bank of the loss of employee status within 15 days, while the loaner is requested to immediately settle the due balance (interest rate will be modified to MLR +4 for failure to comply).
The loaner is required to have a firstclass insurance policy in order to cover the fringe benefit loan in question. BAY will be the sole beneficiary for the total loan amount (insurance fee can be used to request an additional loan to be added to the loan in question; service available for the first year only).
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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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