EXIM launches collateral-free loans for export start-ups

business March 06, 2019 17:25

By The Nation

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Export-Import Bank of Thailand (EXIM) has launched credit loan “EXIM Happier Credit”, a pre- and post-shipment revolving credit for export start-ups who are new to the bank’s services, each with a credit line of up to Bt700,000 and the first-year interest rate and discount rate of 5.5% per annum in conjunction with a forward contract worth up to the approved credit amount.

No asset-based collateral is required and only a personal guarantee applies. As an additional benefit, participants of EXAC programmes or other EXIM Thailand’s promotional activities will be eligible for further discount of 0.5 per cent on the first-year interest rate. The new credit is expected to assist small enterprises in exports without worrying about liquidity or foreign exchange risks at EXIM Thailand’s head office.