Educational Information Only
The content on this page is for general educational purposes and does not constitute legal advice. Every legal situation is unique. For matters involving investigation, arrest, litigation, or formal proceedings, consult a qualified legal professional.
Loan Agreement Template Guide
Essential provisions for personal and business loan agreements under Thai law.
When to Use
When lending or borrowing money in Thailand, whether personal or commercial.
Key Clauses
Principal Amount
Exact amount lent, currency, and disbursement method.
Interest Rate
Maximum 15% per annum for non-licensed lenders. Compound interest prohibited.
Repayment Schedule
Due dates, installment amounts, and acceptable payment methods.
Collateral / Security
Description of any collateral pledged. Registration requirements.
Default & Remedies
Definition of default events and lender's remedies including acceleration.
Prepayment Terms
Whether borrower can prepay and any penalties.
Warnings
Loans exceeding THB 2,000 must be in writing to be enforceable (Civil Code §653).
Interest exceeding 15% per annum is void for non-licensed lenders.
Compound interest (interest on interest) is prohibited under Thai law.
Loan sharks operating without a license face criminal penalties.
Professional Legal Assistance
When a matter involves investigation, arrest, detention, litigation, or regulatory action, professional legal representation becomes essential.
Anglo Siam Legal provides experienced legal services across Thailand for both Thai nationals and foreigners.
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