Letter of Guarantee

You can increase confidence among your trade partners by using a Letter of Guarantee (L/G) issued by Bangkok Bank, Thailand’s regional bank. The L/G can be adjusted to suit your business purpose.

Key Benefits

  • Able to be used for various business purposes
  • Assures your local and international trade partners that they will receive full payment on time
  • Available for both individual and juristic person customers

Type of Loan

Bangkok Bank will issue Letters of Guarantee (L/G) to assure your counterparties the terms of the contract will be fulfilled. If you don’t fulfill the contracts, we will be responsible on your behalf as stated in the letters. The L/G can be issued for many business purposes including:

  • Bid bonds
  • Performance bonds e.g. hiring contract performance bond, payment performance bond, electricity guarantee


Credit Line

As per Bangkok Bank’s conditions

Guarantee Term

Minimum of three months

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

  • Documents which relate to the purpose of the guarantee e.g. purchasing and/or hiring bid, contract and/or draft contract, invoice, purchase order
  • Template or sample of Letter of Guarantee from beneficiary (if any)
  • 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

Bangkok Bank will issue Letters of Guarantee (L/G) to assure your counterparties the terms of the contract will be fulfilled. If you don’t fulfill the contracts, we will be responsible on your behalf as stated in the letters. The L/G can be issued for many business purposes including:

  • Bid bonds
  • Performance bonds e.g. hiring contract performance bond, payment performance bond, electricity guarantee


Credit Line

As per Bangkok Bank’s conditions

Guarantee Term

Minimum of three months

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

  • Documents which relate to the purpose of the guarantee e.g. purchasing and/or hiring bid, contract and/or draft contract, invoice, purchase order
  • Template or sample of Letter of Guarantee from beneficiary (if any)
  • 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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