UOB Leasing & Hire Purchase

  • United Overseas Bank (Thai) Public Company Limited provides comprehensive financial services.
    We provide leasing, and hire purchase financing services to acquire Machinery, Manufacturing Equipment, Medical Machinery, Commercial Truck/Vehicle and other assets for businesses of all industries. We have experts ready to give financial advice and to provide solution to your business professionally. Our main objective is to support the sustainable growth both Thai juristic persons and Entrepreneurs.

Services

To meet customers’ needs who want to invest in machinery and equipment to expand capacity or replacement of existing machinery, UOB are prompt to serve you the most appropriate program that fits to your needs.

  1. Provide Leasing and Hire purchase facilities for purchasing machinery and equipment from local and international vendors. We also provide L/C  service in order to import the machinery from abroad  with special offering term & condition.
  2. Sales & Lease/Hire Purchase Back: When business requires working capital for the operations, you can utilize our sales & lease back / hire purchase back financing with your existing equipment.  The easy way is just turn equipment into cash while still having full usage of the equipment.

Major items for equipment financing

  1. Vehicle  such as Car , Pick-up, Truck and trailer, Prime-mover, Van, etc.
  2. Industrial machinery such as Machine Tools, Plastic Injection, Molding Machine, Construction and Heavy
  3. Equipment, X-ray, Medical Equipment, Offset Printing Machine, Material Handing, Office Equipment, etc.

Qualification of Applicant

For juristic person

  1. Minimum 3 years operation with over 3 years of management experience
  2. Not under court process or bad repayment record with third party

For individual customers/ entrepreneurs

  1. Minimum 5 years in business and management experience
  2. Applicable for Hire Purchase Facility and Commercial Purpose only (The financing passenger car for individual customers is not applicable)

Required Documentations

Documentations
Borrower
Guarantor
Juristic Person
Individual
Juristic Person
(if any)
Individual
1.Copy of Company’s Affidavit (updated within 90 days)
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2. Copy of Commercial Registration  
 
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3. Copy of shareholder list
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4. Copy of Memorandum or Articles of Association
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5. Copy of ID Card or foreign passport/ Copy of household registration certified true copy/ Copy of letter of name or surname change (if any)
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6. Bank statements of their major accounts for the past 6 months
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7. Past three-year audited/ unaudited financial statements
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8. Past three-year Por. Ngor. Dor.90, 91 (Individual Income Tax Submission Form)(only for individual’s borrower)  
 
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9. Copy of Vat Registration (Por.Por.20)/ Monthly VAT submissions (Por.Por. 30) for last 12 months
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10. Purchase agreement or quotation of acquired equipment or vehicle
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11. Consent letter to check the borrower’s and the guarantor’s status in Credit Bureau
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Benefit

1. Long-term investment which aligns with your financial plan. No limit of budget restrictions, you can invest in equipment by gradually monthly repayment to UOBT along with Lease/Hire Purchase agreement
2.   New source of fund for businesses that can provide funding up to 100% subjected to conditions
3.   Smoothing working capital because no cash tied up in the equipment
4. Less complexity than other loans. No additional required collaterals such as land or building
5. For leasing facility, gain tax benefit because lease payments are treated as fully deductible expenses which more advantage than invest by cash or long-term loan 
6. You can manage the payments over a specific period. Furthermore, the interest rate is fixed at the beginning of the contract; therefore, leasing can help to protect the inflation risk

Why UOB?

United Oversea Bank (Thai) Public Company Limited provides comprehensive financial service. Besides of Leasing and Hire Purchase Facility, we also provide trade service such as L/C, T/R and Shipping Guarantee to facilitate the process of import machinery from abroad. Furthermore, if you want to expand your factory or need more working capital we can offer another loan to meet your needs such as Factoring, P/N, O/D, etc.  Consequently, if you are UOB’s customer you can ensure for one stop service at UOBT.

Contact us

Product Sales Specialist (PSS) : Equipment Financing 
( UOB Head Office, 191 South Sathon Road, Bangkok, 4th Floor, Sathon Building)  
Tel. 0-2343-3773-4, 0-2343-3736, 0-2343-3778-79
Fax. 0-2343-3755

Leasing and Hire Purchase Process