Financing the distribution dealership of Thaco

Specific Process and Procedure which are faster and more convenient for DLPP Thaco Dealers

Detail Information

Product Information

Benefit

Registration Conditions

Registration Procedure

Fee Schedule & Forms

- Credit purpose: Advance payment for car purchases, settlement of car purchases, issuance of payment guarantees for car purchases, and issuance of domestic UPAS LC for car payments.
- Collateral assets include: Vehicles financed by the loan; available inventory (including vehicles purchased from primary suppliers/dealers or from other sources); and other collateral as regulated by SeABank.
- Credit limit: Up to 85% of the total vehicle lot value.
- Repayment method: Interest paid monthly; principal repaid immediately upon fund receipt or at maturity, whichever comes first.
- Vehicle sales coordination for end users may include methods such as barter transactions or cash-in, stock-out, secured by a credit approval notice from SeABank or other financial institutions.