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Apartment Business Financing
 
Turn your apartment into capital to fulfill all your financial needs!

ICBC (Thai) offers you our Apartment Business Financing loan that allows you to use your rental apartment as collateral for cash to be applied for various purposes whether for refinancing, enhanced liquidity for your apartment business, renovation or even for maintenance of your apartment. We offer high credit lines, low interest rates and fixed monthly repayments so you can manage your finances with confidence.

Features and Benefits
• Simply use your apartment business as collateral to receive loan with credit lines from 10-50 million Baht, but not over 70% of collateral value.
• Get additional Stand-by loan, available for draw down every 3 years with credit lines of up to 2.5 million Baht for each drawdown.
• Enjoy low interest rates and tenors of up to 15 years plus additional 3 years for Stand-by loan.
• Manage your financial plan effectively with our fixed installment plan.

Interest Rate
Interest is calculated on a daily basis.
• The interest rate of Master Loan will be lower in case the Customer takes out a Credit Life Policy through the Bank.

Case Refinancing Non-refinancing
With Credit Life 1st year MLR-3% 1st year MLR-1.5%
2nd - 15th year MLR-1% 2nd - 15th year MLR-1%
Without Credit Life 1st year MLR-2.5% 1st-15th year MLR-1%
2nd - 15th year MLR-1%  

• The rate for Stand-by Loan is MLR-1%

Conditions
• For individual or juristic customers.
• Business shall be in operations for at least 24 months.
• In case of refinancing from another financial institution, the customer must have a loan payment record of at least 24 installments.
• Customers must have good credit history, no record of over 30 days past due payment during the past 12 months.
• No NPL or debt restructuring record with any financial institution.
• Individual customer age shall not exceed 75 years at the end of the loan tenor.
• Stand-by loan will be cancelled if the customer has a record of over 30 days past due payment during the last 3 years prior to a Stand-by loan drawdown.

Apply Now!
Please call ICBC (Thai) Call Center at 0 2629 5588 or visit any of our branches nationwide for more information from our experienced specialists.

Please kindly submit following documents:

Juristic Customer
• Copy of affidavit, issued within 6 months
• Copy of memorandum of association and articles of association (if any)
• Copy of shareholders’ list
• Minutes of the meeting on the approval to apply for a credit facility from the Bank
• Registration of Company’s seal (Bor Or Jor 3)
• Copy of the Guarantors’ ID card and House Registration
• Copy of the land title deed for collateral and construction permit
• Audited financial statements of the last 2 years
• Bank statements of the last 12 months
• Copy of the List of the Value Added Tax Form (Por Por 30) of the last 12 months
• Monthly rental report or rental registration of the past 12 months
• In case of a refinance, loan contract with existing financial institution and installment payment record/document of the last 24 months

Individual Customer
• Copy of the Borrower’s ID card and House Registration
• Copy of the Guarantors’ ID card and House Registration (if any)
• Copy of land title deed for collateral and construction permit
• Monthly rental report or rental registration of the past 12 months
• Bank statements of the last 12 months
• In case of a refinance, loan contract with existing financial institution and installment payment record/document of the last 24 months

Remarks
• Information herein is for reference only. The Bank reserves the right, at its sole discretion, to amend the terms and conditions.
• Interest rates, fees and conditions are subject to the Bank’s announcement. Please refer to the announcements, regulations and fee rates posted on the Bank’s website or at our branches for more details.
The Bank reserves the right to approve credit facilities in accordance with the criteria of the Bank.


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