EXIM Special loan deal for EEC, zone investors

05.04.18

Export-Import Bank of Thailand (EXIM Thailand) has introduced EXIM Special Zone credit and soft loan for machinery modification and promotion of investment for Thai-brand innovation development in special zones and S-curve Industries, the bank’s president Pisit Serewiwattana said yesterday.

Target customers are entrepreneurs who aspire to make investment in the Eastern Economic Corridor (EEC) covering Chachoengsao, Chonburi and Rayong provinces. And those who aim for business start-ups, business expansion or business transformation in Special Economic Zones (SEZ), border provinces, industrial estates, industrial parks and industrial zones of both public and private sectors, he said.  

Today, EEC houses 29 industrial estates with a total investment value of more than US$505 billion. It is the production base of more than 3,700 factories and the centre of automobile and parts and petrochemicals manufacturing where entrepreneurs are eligible for a range of benefits, including tax breaks and other investment incentives and facilities, he said.  

EXIM Special Zone Credit is a long-term credit facility for business investment or expansion with a special rate of the prime rate -1.75 per cent per year (equal to 4.50 per cent) in years 1-3, combined with a revolving credit for liquidity enhancement with a maximum credit line of 1.5 times the long-term credit amount.

Interest rate is offered at not exceeding prime rate -1.50 per cent per year(equal to 4.75 per cent pa) with a minimum rate of 4 per cent. Maximum loan tenor is 15 years, including a grace period of up to 2 years.  
Entrepreneurs with investment in the EEC will further be eligible for interest rate reduction by another 0.25 per cent per year.