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Machinery and Equipment Financing for Corporate Customers

We offer hire purchase and leasing services for cars, equipment, and machinery for your business needs. Vehicles and equipment we finance including company cars, pick-up, trucks for corporate customers, coaches as well as equipment and machinery for commercial purposes, such as cranes, forklifts, excavators, wheel loaders and industrial machinery.

Loans Tailored to your Specific Needs  

  1. Hire purchase contract. A general hire purchase with a special offer for juristic person.
  2. Financial lease contract. This is similar to a general hire purchase contract, but it offers greater value to a juristic person in terms of tax benefits and liquidity management.

Type of Loan for your Business

  1. A financial lease contract to purchase vehicle
  2. A credit limit to purchase vehicles for serving your commercial needs. The minimum credit limit is typically 20 million baht. You can separately utilize the credit limit through either hire purchase contract or financial lease contract.

Payment for Financial Lease Contract

  1. Determine deposit payment. This ranges from 0-30% and it is usually 20% of the car price.
  2. Determine a fixed installment payment with a fixed effective interest rate throughout the contract period.
  3. Determine residual value. The payment amount to be made at the end of the lease contract is equal to the residual value deduct from the deposit payment. For example, if the deposit payment is 10% and the residual value is 30%, the final installment payment is 20%. 

Leasing Benefits for your Business

  1. You can split the financial lease into monthly payments with a higher amount in the final installment payment in order to manage your company’s budget.
  2. Fixed effective interest rate
  3. For juristic person, the customer will obtain full benefits for tax deductible expense, but not exceeding 36,000 baht per car for personal cars.
  Lease by company A Hire purchase by company B Lease saves more than hire purchase
Deductible expense per month 36,000 16,667 19,333
Deductible expense per year 432,000 200,000 232,000
Deductible expense for 5 years 2,160,000 1,000,000 1,160,000
Tax saved by 30% 648,000 300,000 348,000
Depreciation in case of repurchase 1,000,000 ไม่มี 1,000,000
Tax saved 300,000 ไม่มี 300,000
Total amount that leasing saves more than hire purchase 648,000

Required Documents

  1. Copy of certificate of business registration and company objectives within the past 3 months
  2. Copy of ID card and house registration of authorized director. For a foreigner, copy of passport and copy of work permit that is valid for more than 6 months
  3. Copy of ID card and house registration of guarantor (if any)
  4. Financial statement of the past 3 years / copy of bank statements within the past 6 months
  5. Copy of shareholder list / tax payment certificate or copy of VAT registration certificate

Terms and Conditions **

  1. A juristic person with a business in Thailand
  2. A juristic person registered for at least 2 years
  3. The term of leasing contracts ranging from 36 months to 60 months
  4. Effective interest rate throughout the contract
  5. ​The deposit payment and the residual value are subject to the consideration of the credit.