Aval/Acceptance

You can boost your standing with your trade partners by using Bangkok Bank’s aval or acceptance service to assure your counterparties in Promissory Note (P/N) or Bill of Exchange (B/E) settlements that they will be paid as agreed.

Key Benefits

  • Assures your local and international counterparties that they will be paid in full and on time
  • Provides the possibility of receiving a credit-term extension from your trade partners
  • Available for both individual and juristic person customers

Type of Loan

Aval
A guarantee for a debt obligation such as a Promissory Note (P/N) or Bill of Exchange (B/E) that you issue to a third party (who may be an individual, juristic person or organization) to ensure payment will be made on time on your behalf.

Acceptance
An agreement to make payment on your behalf, on time, to a third party such as for a Bill of Exchange (B/E). The third party may be an individual, juristic person or organization.

Credit Line

As prescribed by Bangkok Bank

Loan Term

As per the conditions of the trade obligation

Collateral

Deposits, property, or as prescribed by Bangkok Bank

Qualifying Criteria

  • Individual business owner or juristic person
  • Age 20 - 65 years old (for individual customers)
  • Good business performance and financial record
  • Authorization to Bangkok Bank to check National Credit Bureau record
  • Other conditions as specified by Bangkok Bank


Required Documents

  • Original Promissory Note or Bill of Exchange
  • Aval or acceptance application form
  • Identification, financial and collateral documents
  • Documents of loan applicants (as in following table)




Required documents

               Individual  

         Juristic person  

 Borrower/
 co-borrower

 Guarantor/
 spouse

   Juristic
   person

Authorized signatory/ shareholders who hold more than 20% of total stock
Identification documents
A copy of your ID card

-

A copy of your housing registration record

-

A copy of your changed name/surname certificate
(if applicable)

 

 

-

 

A copy of your marriage/
divorce certificate
(if applicable)

 

 

 

A copy of the trade or commercial registration papers

-

-

-

A copy of the certificate of association for business purposes and articles of association issued by the Commerce Ministry (not more than one month old)

-

-

-

The Memorandum and Articles of Association
(not more than three months old)

-

-

-

List of shareholders
(not more than three months old)

-

-

-

Certificate of the company’s seal

-

-

-

Financial documents
A copy of bank account activity for the past six months 

-

Copies of company financial statements for the past three years

-

-

-

A copy of VAT records
(dating back for six months)

-

-

-

Collateral documents
A copy of the documents of ownership to be pledged as collateral e.g. land deed, ownership of building (if the land has any building), deposit pass book (if using a deposit as collateral)

    

-

-


Remark: Bangkok Bank reserves the right to approve loans under its terms and conditions

Type of Loan

Aval
A guarantee for a debt obligation such as a Promissory Note (P/N) or Bill of Exchange (B/E) that you issue to a third party (who may be an individual, juristic person or organization) to ensure payment will be made on time on your behalf.

Acceptance
An agreement to make payment on your behalf, on time, to a third party such as for a Bill of Exchange (B/E). The third party may be an individual, juristic person or organization.

Credit Line

As prescribed by Bangkok Bank

Loan Term

As per the conditions of the trade obligation

Collateral

Deposits, property, or as prescribed by Bangkok Bank

Qualifying Criteria

  • Individual business owner or juristic person
  • Age 20 - 65 years old (for individual customers)
  • Good business performance and financial record
  • Authorization to Bangkok Bank to check National Credit Bureau record
  • Other conditions as specified by Bangkok Bank


Required Documents

  • Original Promissory Note or Bill of Exchange
  • Aval or acceptance application form
  • Identification, financial and collateral documents
  • Documents of loan applicants (as in following table)




Required documents

               Individual  

         Juristic person  

 Borrower/
 co-borrower

 Guarantor/
 spouse

   Juristic
   person

Authorized signatory/ shareholders who hold more than 20% of total stock
Identification documents
A copy of your ID card

-

A copy of your housing registration record

-

A copy of your changed name/surname certificate
(if applicable)

 

 

-

 

A copy of your marriage/
divorce certificate
(if applicable)

 

 

 

A copy of the trade or commercial registration papers

-

-

-

A copy of the certificate of association for business purposes and articles of association issued by the Commerce Ministry (not more than one month old)

-

-

-

The Memorandum and Articles of Association
(not more than three months old)

-

-

-

List of shareholders
(not more than three months old)

-

-

-

Certificate of the company’s seal

-

-

-

Financial documents
A copy of bank account activity for the past six months 

-

Copies of company financial statements for the past three years

-

-

-

A copy of VAT records
(dating back for six months)

-

-

-

Collateral documents
A copy of the documents of ownership to be pledged as collateral e.g. land deed, ownership of building (if the land has any building), deposit pass book (if using a deposit as collateral)

    

-

-


Remark: Bangkok Bank reserves the right to approve loans under its terms and conditions



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