Loan for Supplier enhances the liquidity for Suppliers who trade with the Sponsor such as manufacturers or raw material suppliers who need cash flow or financial sources for production expansion. The loan frees up entrepreneurs from having to wait until the payment due date while enjoying the special interest rate that reduces financial cost. As such, the Loan for Supplier is the solution to the cash flow management which assists undisrupted and continuous business growth, making it easier for the business to achieve its expansion goal.
Simplify your cash flow management by joining the Krungsri Value Chain Solutions program with your Sponsor.
Preliminary qualification for Supplier interested to join the program
• Applicant engages in business for at least 3 years
• Applicant has sales record with Sponsor for at least 1 year
• Applicant passes the credit check
• Applicant records a net profit in the latest financial statements with excess capital
• Applicant is able to provide a guarantor
• Applicant is not undergoing debt rehabilitation with any commercial banks per relevant notification of Bank of Thailand
Withdrawal process for Suppliers
• Supplier enters the bank’s electronic system to check for the available credit line as well as a list of invoices the Sponsor has uploaded to Krungsri system.
• Supplier selects an invoice and withdraws from the O/D account at the percentage set by Krungsri.
• Krungsri will automatically transfer the amount withdrawn by the Supplier to either savings or current account of the Supplier
• On the due date, the Sponsor will settle the payment amount to Krungsri settlement account. Krungsri will immediately credit the paid amount to the O/D account of the Supplier to settle any debts and interests of the Supplier. For the remaining sum, the bank will automatically deposit it to the Supplier’s deposit account at the end of day.
Required Documents for loan application
• Copy of ID card of borrower / co-borrower / authorized signatory director / spouse / guarantor / shareholders holding 20% shares upward (must not be expired and must be signed to certify the copy)
• Copy of changed name certificate (if any), signed to certify the copy
• Copy of house registration of borrower / co-borrower / authorized signatory director / spouse / guarantor / shareholders holding 20% share upward (must not be expired and must be signed to certify the copy)
• Certificate of incorporation, list of shareholders, Memorandum of Association, and certificate of company seal (dated not exceeding 1 month, and signed to certify the copy and stamped with company seal)
• Commercial registration
• Three-year retroactive financial statements and the most recent Phor Por 30 form
• Consent Letter for financial background check of borrower / co-borrower with the National Credit Bureau (NCB)
• Location map of the place of business
• Photograph of the place of business (interior, exterior, products)
We reserve the right to consider loan application in accordance with the Bank’s criteria and to make any changes or cancellation of any privileges without prior notice.