Nano and Micro
Product Details
Thai Credit Bank PCL truly understands the funding accessibility and financial needs of small business owners and entrepreneurs, hence we offer them Nano and Micro loans with the slogan "Hassle-free communication, Manageable instalments, Fast access to funds*” supporting funding up to THB 200,000 without requiring any collaterals or guarantors, enabling small business owners to access funds within the formal lending channels safely.*
*Note: Approval within 7-9 business days after required documentation is complete and submitted.
- Maximum credit limit THB 200,000
- A Revolving Loan with no maturity date and 1-year credit limit review annually according to Bank’s terms and conditions
- Interest rate from 28% - 33% p.a.*
- No collaterals or guarantors required
- These Nano and Micro loans are specifically designed for small business owners
Note: *The interest rate is the actual interest rate (Effective Interest Rate) on a reducing rate basis.
Qualifications and Documents Required
Qualifications
- Individuals
- Thai nationality only
- Be at least 25 years old
- The age of the borrower who owns the business must not exceed 60 years old
- Borrowing for business purposes only
- Must have at least 1 year of business experience )ฃ
- Business must have a definite business establishment and can be verified
- Business location must be within a specified radius.
Application Documents
- Copy of the borrower's national ID card
- Copy of the borrower's name or surname change certificate (if any)
- Copy of spouse's national ID card and copy of marriage certificate or divorce certificate or copy of spouse's death certificate (if any)
- Supporting documents for income assessment (For Micro): Purchase-Sales Receipts, Purchase-Sales Invoices, Purchase-Sales Cash Bills, Bank Statements or Micro Pay QR Statements for the last 3 months
- Copy of the first page of borrower’s bank account to receive a loan
- Map of the borrower's business location
- Photos of the borrower's business
Important Notes :
- Borrow only as much as you need and can afford to repay
- Loan approval details are in accordance with the Bank’s established criteria and conditions
- If you pay more than the installment, it will help reduce interest and pay off debt faster.
Product Information Documents
Frequently Asked Questions (FAQs)
Thai Credit Bank’s Nano/Micro Loans offer for small merchants or business owners to use as working capital without any collaterals or guarantors required. The loan type is a revolving loan which is repaid in installments.
Thai individuals aged 25-60 years old who recently start a business or already own a business but need additional working capital. They might not have sufficient financial documents but they are able to repay debts and have a definite business establishment that can be verified.
Preliminary application documents
- Copy of the borrower's national ID card
- Supporting documents for income assessment (For Micro): Purchase-Sales Receipts, Purchase-Sales Invoices, Purchase-Sales Cash Bills, Bank Statements or Micro Pay QR Statements for the last 3 months.
- Copy of the first page of borrower’s bank account
- Business registration (if any)
- Name/surname change certificate (if any)
- Spouse documents (if any)
Credit limit is THB 20,000-200,000 and interest rate is an effective rate with the loan approval within 7-9 business days (after all required documents are complete).
None.
You can inquire about product details at the Customer Service at 02 697 5454 or at any our Lending Branch nationwide.
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