Our company is looking into obtaining a business loan for expansion purposes into another province here in Thailand yet all I can find are interest rates around 13% with Bangkok Bank. Im not sure if this can be correct ? Has anyone got business loans here and if so what interest rates have you paid?
https://www.bangkokbank.com/-/media/files/personal/other-services/view-rates/loan-interest-rates/2021/loanrates_1apr2021.pdf?la=en&hash=2C996619C3ADA93635ED066733D46A2DD2EC4286
Ideally no collateral, however collateral could be possible. Never looked at financing here before but if this is accurate with actual interest rates at 0.5% this is appalling, we have a strong 5 year growth track record but want to grow faster, not possible with these interest rates. I was expecting to pay about 5%, anything below 7.5% would still be profitable.
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