Service conditions

• The opening of accounts used for clean O/D line and secured O/D line will be specific-project accounts (account number XXX-1-692XX-X) used only for the transfer of payments for oil/ products purchased from Bangchak through Bill Payment system e.g. the Bank’s counters, TMB Direct Phone Banking, TMB Direct Internet Bankingor other transaction channels with TMB, without the use of cheques, cash reimbursement, or payment transferred to other accounts.
• In making payments through TMB Direct Phone Banking, or TMB Direct Internet Banking, customers have to request the activation of such service with the Bank first. Currently, the application fee and annual fee are waived by the Bank.
• The Bank reserves the right to approve loans to customers according to its consideration criteria.

Fees /Collateral

• Front-end fee for clean O/D line will be charged at 0.50% of the approved credit line.
• Fee for the change of credit type for existing customers as in no. 2 will be charged at 0.25% Fee for the extension of clean O/D line : In case where the average utilization amount of the O/D line for 12 months is less than half of the approved line, the extension fee to be charged by the Bank will be at 0.50%.
• Other fees are to be as per the Bank’s regulations.

Collateral

• Personal guarantee against clean O/D line must be provided according to the criteria as deemed appropriate by TMB.
• Existing customers, who have outstanding credit lines and request the change of credit types (as in no. 2), may use the existing collateral placed with TMB as guarantee for the new type of credit lines requested.
• In case of new customers, collateral will be as per the Bank’s criteria.

Interest rate

• Interest rate on clean O/D, secured O/D, and RPN lines will be charged at MOR.
• In case Bangchak has downgraded the rating of a customer from A to B, TMB reserves the right to increase the interest rate for the customer by 1% to MOR+1% until Bangchak has re-adjusted the rating back to A and has the Bank informed accordingly.
• In case a gas station has been downgraded to be below B or remains at B for over a quarter, TMB reserves the right to adjust the interest rate and the lines as deemed appropriate.

Term

• The lines will be annually reviewed.