Tuesday, 04 April 2017 17:09

Revolving Fund for Promotion of Cottage Industry and Thai Handicraft

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Department of Industrial Promotion
Revolving Fund for Promotion of Cottage Industry and Thai Handicraft
Standard Time for Applying Loan according to Licensing Facilitation Act BE. 2558
     
Process Flow 1  
Loan not exceed Baht 200,000 - Personal Guarantee  
For borrower who is natural person, juridical person or community enterprise = 25 working days
     
Step Description Period
(Working Day)
Step 1 Receiving the Loan Application and Supporting Document 1
  Ø Borrower submits loan application and supporting document  
  Ø Officer reviews loan application and supporting document  
   - All required documents have been submitted, process the document  
     to the credit analysis in the next step  
   - Otherwise, officer informs borrower to submit  missing document  
      within the indicated duration.  
Step 2 Credit Analysis  7
  Loan officer examines business premise, collateral, credit history,   
  and management ability.   
  Submit credit analysis report to executive manager.  
Step 3 Loan Approval 2
  Executive manager evaluates all document and makes loan decision.   
  Inform loan decision to the lender.   
  In case of denial, return all document to the lender.  
Step 4 Finalize Loan Contract 8
  Finalize loan contract and prepare loan cheque.  
Step 5 Signing of the Loan Documents 7
  Make an appointment for signing off the contract by loan borrower  
  and loan guarantee.  
     
     
     
Process Flow 2  
Loan not exceed Baht 200,000 - Collateral Guarantee   
For borrower who is natural person or juridical person = 50 working days
     
Step Description Period
(Working Day)
Step 1 Receiving the Loan Application and Supporting Document 1
  Ø Borrower submits loan application and supporting document  
  Ø Officer reviews loan application and supporting document  
   - All required documents have been submitted, process the document  
     to the credit analysis in the next step  
   - Otherwise, officer informs borrower to submit  missing document  
      within the indicated duration.  
Step 2 Credit Analysis  27
  Loan officer examines business premise, collateral,   
  and management ability.   
  Submit credit analysis report to executive manager.  
Step 3 Loan Approval 2
  Executive manager evaluates all document and makes loan decision.   
  Inform loan decision to the lender.   
  In case of denial, return all document to the lender.  
Step 4 Finalize Loan Contract 8
  Finalize loan contract and prepare loan cheque.  
Step 5 Signing of the Loan Documents 12
  Make an appointment for signing off the contract by loan borrower  
  and loan guarantee.  
Process Flow 3  
Loan between Baht 200,001 - 1,000,000 - Collateral Guarantee   
For borrower who is natural person or juridical person = 65 working days
     
Step Description Period
(Working Day)
Step 1 Receiving the Loan Application and Supporting Document 1
  Ø Borrower submits loan application and supporting document  
  Ø Officer reviews loan application and supporting document  
   - All required documents have been submitted, process the document  
     to the credit analysis in the next step  
   - Otherwise, officer informs borrower to submit  missing document  
      within the indicated duration.  
Step 2 Credit Analysis  27
  Loan officer examines business premise, collateral,   
  and management ability.   
  Submit credit analysis report to executive manager.  
Step 3 Loan Approval 17
  Executive manager evaluates all document and makes loan decision.   
  Inform loan decision to the lender.   
  In case of denial, return all document to the lender.  
Step 4 Finalize Loan Contract 8
  Finalize loan contract and prepare loan cheque.  
Step 5 Signing of the Loan Documents 12
  Make an appointment for signing off the contract by loan borrower  
  and loan guarantee.  
Process Flow 4  
Loan between Baht 1,000,001 - 2,000,000 - Collateral Guarantee   
For borrower who is natural person or juridical person = 80 working days
     
Step Description Period
(Working Day)
Step 1 Receiving the Loan Application and Supporting Document 1
  Ø Borrower submits loan application and supporting document  
  Ø Officer reviews loan application and supporting document  
   - All required documents have been submitted, process the document  
     to the credit analysis in the next step  
   - Otherwise, officer informs borrower to submit  missing document  
      within the indicated duration.  
Step 2 Credit Analysis  27
  Loan officer examines business premise, collateral,   
  and management ability.   
  Submit credit analysis report to executive manager.  
Step 3 Loan Approval 32
  Executive manager evaluates all document and makes loan decision.   
  Inform loan decision to the lender.   
  In case of denial, return all document to the lender.  
Step 4 Finalize Loan Contract 8
  Finalize loan contract and prepare loan cheque.  
Step 5 Signing of the Loan Documents 12
  Make an appointment for signing off the contract by loan borrower  
  and loan guarantee.  
     
     
     
For more Information, please contact  
Revolving Fund Section, 4th Fl. Department of Industrial Promotion   
Tel : 02-202-4409  Fax : 02-354-3433  
http://credit.dip.go.th     
Read 655 times Last modified on Friday, 21 April 2017 14:16
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