{"id":240,"date":"2024-03-31T07:49:27","date_gmt":"2024-03-31T00:49:27","guid":{"rendered":"https:\/\/www.thailawonline.com\/loan-agreement-for-thailand-template\/"},"modified":"2026-07-04T17:06:32","modified_gmt":"2026-07-04T10:06:32","slug":"loan-agreement-for-thailand-template","status":"publish","type":"page","link":"https:\/\/www.thailawonline.com\/th\/loan-agreement-for-thailand-template\/","title":{"rendered":"\u0e41\u0e1a\u0e1a\u0e1f\u0e2d\u0e23\u0e4c\u0e21\u0e2a\u0e31\u0e0d\u0e0d\u0e32\u0e40\u0e07\u0e34\u0e19\u0e01\u0e39\u0e49\u0e2a\u0e33\u0e2b\u0e23\u0e31\u0e1a\u0e1b\u0e23\u0e30\u0e40\u0e17\u0e28\u0e44\u0e17\u0e22 \u2014 \u0e1f\u0e23\u0e35 \u0e2a\u0e2d\u0e07\u0e20\u0e32\u0e29\u0e32 (\u0e44\u0e17\u0e22\/\u0e2d\u0e31\u0e07\u0e01\u0e24\u0e29)"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><strong>Members-only download.<\/strong> The four loan agreement templates linked at the bottom of this page (bilingual Thai\/English and English-only, in both <code>.docx<\/code> and <code>.pdf<\/code>) are reserved for ThaiLawOnline members. They are drafted by our licensed Thai attorneys, fully anonymised, and updated for the 2026 state of the Civil and Commercial Code. <a href=\"https:\/\/www.thailawonline.com\/explaining-our-membership\/\">Become a member<\/a> \u2014 from \u0e3f1,490 \/ year (Silver) \u2014 to download.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">A loan agreement (<em>\u0e2a\u0e31\u0e0d\u0e0d\u0e32\u0e01\u0e39\u0e49\u0e22\u0e37\u0e21\u0e40\u0e07\u0e34\u0e19<\/em>) is one of the most common \u2014 and most often disputed \u2014 contracts in Thailand. Whether you are lending money to a Thai partner, a family member, a friend or a business associate, the document you sign on day one determines whether you can recover the money on day 730 if things go wrong. This page explains, in plain English, how Thai loan law works in 2026, what every loan agreement must contain to be enforceable in a Thai court, and how to use our free downloadable templates safely. It is written by ThaiLawOnline, a Thai law firm serving expats and foreign investors since 2006.<\/p>\n\n\n\n<div class=\"wp-block-rank-math-toc-block\" id=\"rank-math-toc\"><h2>Table of Contents<\/h2><nav><ul><li><a href=\"#legal-framework\">1. The Legal Framework: Sections 650\u2013656 of the Civil and Commercial Code<\/a><\/li><li><a href=\"#mandatory-clauses\">2. The Mandatory Clauses Your Loan Agreement Must Contain<\/a><\/li><li><a href=\"#interest-rate-cap\">3. The 15% Interest Rate Cap (Section 654) \u2014 and the Pitfalls<\/a><\/li><li><a href=\"#stamp-duty\">4. Stamp Duty: The 0.05% Tax Most People Forget<\/a><\/li><li><a href=\"#enforcement\">5. Enforcement: What Happens If the Borrower Defaults<\/a><\/li><li><a href=\"#foreigners\">6. Special Rules for Foreigners Lending or Borrowing in Thailand<\/a><\/li><li><a href=\"#witnesses-notary\">7. Witnesses, Notarisation and Signing in Two Languages<\/a><\/li><li><a href=\"#common-mistakes\">8. The Seven Most Common Drafting Mistakes (and How to Avoid Them)<\/a><\/li><li><a href=\"#how-we-help\">9. How ThaiLawOnline Can Help \u2014 Beyond the Template<\/a><\/li><li><a href=\"#templates\">10. Downloadable Loan Agreement Templates (Members Only)<\/a><\/li><li><a href=\"#faq\">Frequently Asked Questions<\/a><ul><li><a href=\"#is-a-loan-agreement-signed-only-on-line-or-by-email-enforceable-in-thailand\">Is a loan agreement signed only on LINE or by email enforceable in Thailand?<\/a><\/li><li><a href=\"#what-is-the-maximum-interest-rate-i-can-charge-under-thai-law\">What is the maximum interest rate I can charge under Thai law?<\/a><\/li><li><a href=\"#do-i-need-a-thai-lawyer-to-draft-a-loan-agreement\">Do I need a Thai lawyer to draft a loan agreement?<\/a><\/li><li><a href=\"#how-long-do-i-have-to-sue-if-the-borrower-stops-paying\">How long do I have to sue if the borrower stops paying?<\/a><\/li><li><a href=\"#can-a-foreigner-lend-money-to-a-thai-national-without-restriction\">Can a foreigner lend money to a Thai national without restriction?<\/a><\/li><li><a href=\"#what-happens-if-i-forget-to-pay-the-stamp-duty\">What happens if I forget to pay the stamp duty?<\/a><\/li><li><a href=\"#should-the-agreement-be-in-thai-english-or-both\">Should the agreement be in Thai, English, or both?<\/a><\/li><li><a href=\"#can-i-add-collateral-or-a-guarantor-to-these-templates\">Can I add collateral or a guarantor to these templates?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n\n\n\n<h2 id=\"legal-framework\" class=\"wp-block-heading\">1. The Legal Framework: Sections 650\u2013656 of the Civil and Commercial Code<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Loans of money in Thailand are governed by Title V, Chapter II of the <a href=\"https:\/\/www.thailawonline.com\/commercial-and-civil-code-of-thailand-annotated\/\">Civil and Commercial Code<\/a> (the \u201cCCC\u201d), specifically Sections 650 through 656. The code distinguishes between a <em>loan for use<\/em> (Sections 640\u2013649, where the same item is returned) and a <em>loan for consumption<\/em> (Sections 650\u2013656). A money loan is always a loan for consumption: the borrower receives an amount of money and must return the same amount, plus any agreed interest. The borrower\u2019s obligation arises at the moment of delivery, not at signature \u2014 meaning the contract is only complete once the money has actually changed hands.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The single most important provision for any lender is <strong>Section 653<\/strong>: a loan of money exceeding 2,000 THB in capital is not enforceable by court action unless there is written evidence of the loan, signed by the borrower. This is not a formality you can fix later. Without that signed paper, a Thai judge cannot order repayment \u2014 no matter how many witnesses you bring, how many bank transfers you can produce, or how clearly the borrower admits the debt in messages. We have seen lenders lose six and seven-figure THB amounts because the only proof of the loan was a LINE message. Always put it in writing, always have the borrower sign.<\/p>\n\n\n\n<h2 id=\"mandatory-clauses\" class=\"wp-block-heading\">2. The Mandatory Clauses Your Loan Agreement Must Contain<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Thai law does not prescribe a rigid template, but a generation of Supreme Court (<em>Dika<\/em>) decisions has made clear that certain clauses must appear if the contract is to stand up in court. Our downloadable templates include every one of them.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><thead><tr><th>Clause<\/th><th>Why it matters<\/th><th>Legal basis<\/th><\/tr><\/thead><tbody><tr><td>Full identity of both parties<\/td><td>Name, date of birth, nationality, ID\/passport number, and current address \u2014 for service of process if litigation is needed.<\/td><td>Civil Procedure Code, s.83<\/td><\/tr><tr><td>Principal amount in words and figures<\/td><td>Discrepancy between digits and letters is a frequent ground for partial nullity.<\/td><td>CCC s.653<\/td><\/tr><tr><td>Acknowledgement of receipt<\/td><td>The contract is only valid once the money has been delivered; an explicit receipt clause closes that gap.<\/td><td>CCC s.650<\/td><\/tr><tr><td>Interest rate<\/td><td>If silent, the statutory rate of 3% per year applies (CCC s.7, amended 2021; default interest 5% under s.224).<\/td><td>CCC s.654, s.7<\/td><\/tr><tr><td>Repayment schedule<\/td><td>Number of instalments, due dates, account details. Vague terms (\u201cwhen convenient\u201d) are unenforceable.<\/td><td>CCC s.203<\/td><\/tr><tr><td>Default and acceleration<\/td><td>Without this, you cannot call in the full loan early \u2014 you can only sue instalment by instalment as each falls due.<\/td><td>CCC s.204\u2013205<\/td><\/tr><tr><td>Governing law and jurisdiction<\/td><td>Confirms Thai courts have jurisdiction and Thai law applies. Essential when one party is foreign.<\/td><td>Conflict of Laws Act B.E. 2481<\/td><\/tr><tr><td>Signatures of both parties + two witnesses<\/td><td>Witnesses are not legally required, but a notarised or witnessed signature is decisive when authenticity is challenged.<\/td><td>CCC s.9, Notarial Services Attorney Act<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 id=\"interest-rate-cap\" class=\"wp-block-heading\">3. The 15% Interest Rate Cap (Section 654) \u2014 and the Pitfalls<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Section 654 of the CCC sets a hard ceiling: interest on a loan may not exceed 15% per year. If your contract stipulates a higher rate, the excess is automatically reduced to 15% \u2014 but if the lender knowingly charged more than 15%, criminal liability can attach under the Act on the Prohibition of Charging Interest in Excess of the Rate Specified by Law B.E. 2560 (2017), which carries up to two years\u2019 imprisonment and a fine of up to 200,000 THB.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Two further traps that catch foreigners regularly:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Compound interest is severely restricted.<\/strong> Under Section 655, interest may only be added to the principal if both parties have agreed in writing <em>after<\/em> the interest has fallen due for at least one year. Compounding monthly or quarterly is therefore void.<\/li>\n\n\n\n<li><strong>The 3% statutory rate.<\/strong> If your contract is silent on interest, Section 7 (as amended by the Emergency Decree of 2021) set the statutory interest rate at 3% per year (default\/late interest is 5% under s.224) \u2014 not the old 7.5%. Many templates circulating online still cite the obsolete 7.5% figure. Ours does not.<\/li>\n<\/ul>\n\n\n\n<h2 id=\"stamp-duty\" class=\"wp-block-heading\">4. Stamp Duty: The 0.05% Tax Most People Forget<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The Thai Revenue Code (Stamp Duty Schedule, Item 5) imposes a stamp duty of <strong>0.05% of the loan amount, capped at 10,000 THB<\/strong>, on the original copy of every loan agreement. Each duplicate carries a nominal 5 THB stamp. The duty must be paid within 15 days of execution, and the stamps must be physically affixed and cancelled on the document (a single line through each, with the date).<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Failure to affix the stamp does not invalidate the loan, but the unstamped contract is <strong>inadmissible as evidence in court<\/strong>. In practice this means the lender cannot sue until the stamp is paid \u2014 together with a surcharge of up to six times the original duty for late payment. Buying and affixing stamps is straightforward at any local Revenue Office or stamp duty agent.<\/p>\n\n\n\n<h2 id=\"enforcement\" class=\"wp-block-heading\">5. Enforcement: What Happens If the Borrower Defaults<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">If the borrower stops paying, your enforcement path runs through the Thai Civil Court system. The basic sequence is: written demand letter (<em>\u0e2b\u0e19\u0e31\u0e07\u0e2a\u0e37\u0e2d\u0e17\u0e27\u0e07\u0e16\u0e32\u0e21<\/em>) \u2192 filing of a civil complaint at the court of the borrower\u2019s domicile \u2192 trial \u2192 judgment \u2192 execution by the Legal Execution Department (seizure of bank accounts, salary, vehicles or property).<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Two procedural levers matter enormously: the <strong>acceleration clause<\/strong> (Clause 5 of our template) lets you sue for the entire outstanding balance at once rather than chasing each missed instalment, and the <strong>jurisdiction clause<\/strong> (Clause 12) confirms that Thai courts will hear the case. Without the first, your case is fragmented across multiple lawsuits. Without the second, a defendant resident abroad can argue that the Thai court has no jurisdiction.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The <strong>prescription period<\/strong> (statute of limitations) for a loan-repayment claim is 10 years from the due date of each instalment (CCC s.193\/30). Do not delay: a written demand interrupts the prescription, but only briefly \u2014 you must file in court before the 10-year clock runs out.<\/p>\n\n\n\n<h2 id=\"foreigners\" class=\"wp-block-heading\">6. Special Rules for Foreigners Lending or Borrowing in Thailand<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Foreigners can freely lend and borrow money in Thailand. There is no restriction in the Foreign Business Act B.E. 2542 on private money lending between individuals. However, three regulatory traps must be flagged:<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li><strong>Lending as a business.<\/strong> If you make multiple loans to multiple borrowers with a profit motive, you may fall under the Money Lender Act B.E. 2542 and require a licence from the Ministry of Finance. One-off private loans are fine; running an unlicenced micro-finance operation is not.<\/li>\n\n\n\n<li><strong>Foreign currency loans.<\/strong> Loans denominated in foreign currency between residents of Thailand can trigger reporting obligations to the Bank of Thailand under the Exchange Control Act. THB-denominated loans avoid this entirely. Our templates use THB by default.<\/li>\n\n\n\n<li><strong>Anti-money-laundering.<\/strong> Any loan above 2,000,000 THB in cash must be reported by the receiving party to AMLO under the Anti-Money Laundering Act B.E. 2542. Use bank transfers for any meaningful amount.<\/li>\n<\/ol>\n\n\n\n<h2 id=\"witnesses-notary\" class=\"wp-block-heading\">7. Witnesses, Notarisation and Signing in Two Languages<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Thai law does not require witnesses for a loan agreement to be valid (CCC s.9). In practice, however, two adult witnesses signing alongside the parties is the gold standard: their signatures dramatically reduce the risk that the borrower will later claim the signature was forged or the document substituted. Our templates include four witness signature lines \u2014 two for each party.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Notarisation by a Notarial Services Attorney is not required for domestic enforcement, but it is strongly recommended where (a) the document will be used abroad, (b) one party is leaving Thailand, or (c) the loan amount exceeds 1,000,000 THB. ThaiLawOnline offers notarial services from licensed Thai attorneys at a flat fee.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">For bilingual agreements, Clause 13 of our template specifies that the Thai version prevails in case of conflict, which is what Thai courts will apply by default in any event. This is the safest choice for both parties; the English text remains a faithful translation for the foreign party\u2019s reference.<\/p>\n\n\n\n<h2 id=\"common-mistakes\" class=\"wp-block-heading\">8. The Seven Most Common Drafting Mistakes (and How to Avoid Them)<\/h2>\n\n\n\n<ol class=\"wp-block-list\">\n<li><strong>Treating the contract as effective on signature, not on delivery of the money.<\/strong> Always include an explicit receipt clause confirming the principal has been received in full.<\/li>\n\n\n\n<li><strong>Using a printed interest rate of 18% or 24% \u201cjust in case.\u201d<\/strong> This is automatically reduced to 15% and may expose the lender to criminal charges if proven to be deliberate.<\/li>\n\n\n\n<li><strong>Forgetting the stamp duty.<\/strong> The contract is valid but cannot be used as evidence until the stamp is affixed and the surcharge paid.<\/li>\n\n\n\n<li><strong>Omitting the acceleration clause.<\/strong> Without it, you must sue instalment by instalment as each falls due \u2014 multiplying court fees and time.<\/li>\n\n\n\n<li><strong>No address or outdated address for service.<\/strong> If the borrower cannot be served, the case stalls. Require written notification of any address change.<\/li>\n\n\n\n<li><strong>Vague repayment language.<\/strong> \u201cWhenever the borrower can\u201d or \u201cwithin a reasonable time\u201d are unenforceable. Specify a date, amount and account.<\/li>\n\n\n\n<li><strong>Single-language Thai contracts signed by a foreigner who does not read Thai.<\/strong> While not a ground for nullity, this is an open invitation for the borrower\u2019s lawyer to argue lack of consent. Always use a bilingual version when one party is foreign \u2014 our bilingual template is built for exactly this.<\/li>\n<\/ol>\n\n\n\n<h2 id=\"how-we-help\" class=\"wp-block-heading\">9. How ThaiLawOnline Can Help \u2014 Beyond the Template<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">A template is a starting point, not a finished product. For loans above 500,000 THB, loans with collateral (mortgage, share pledge, vehicle), loans involving a corporate borrower, or loans where the parties are in different countries, having a Thai lawyer review or draft the contract is money well spent compared to the cost of failed enforcement.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">ThaiLawOnline has been practising in Thailand since 2006. We can: (a) <a href=\"https:\/\/www.thailawonline.com\/book-consultation\/\">draft a custom loan agreement<\/a> tailored to your specific situation, with security and guarantee clauses; (b) review a contract drafted by the other side; (c) prepare and serve a demand letter; (d) file and conduct litigation in any Thai court; (e) handle execution against bank accounts and property after judgment; and (f) provide notarial services and certified translations.<\/p>\n\n\n\n<h2 id=\"templates\" class=\"wp-block-heading\">10. Downloadable Loan Agreement Templates (Members Only)<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The four templates below are reserved for ThaiLawOnline members. Each has been drafted by our licensed Thai attorneys, fully anonymised, and verified against the 2026 state of the Civil and Commercial Code, the Revenue Code, and current Supreme Court jurisprudence. The bilingual version is the recommended starting point for any contract where one party is a foreigner. The English-only version is suitable for use where both parties read English and the contract will be executed and enforced in Thailand under Thai law (recommended only with attorney review for amounts above 500,000 THB).<\/p>\n\n\n<p>[membership level=&#8221;0,1&#8243;]<\/p>\n\n\n<p class=\"wp-block-paragraph\"><p style=\"background:#fff7e6;border:1px solid #f0c000;padding:18px;border-radius:6px;\"><strong>\ud83d\udd12 These four templates are reserved for Basic and Premium members.<\/strong> Become a <a href=\"\/membership-levels\/\">Basic member from \u0e3f1,490 \/ year<\/a> to download the bilingual Thai\/English and English-only loan agreement templates (both .docx and .pdf), plus access to ~25 other bilingual contracts and our unlimited AI Legal Assistant. <a href=\"\/membership-levels\/\"><strong>Compare membership levels \u2192<\/strong><\/a><\/p><\/p>\n\n\n<p>[\/membership]<\/p>\n<p>[membership level=&#8221;2,3&#8243;]<\/p>\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Bilingual Thai \/ English<\/strong> \u2014 recommended for most cases:\n<ul class=\"wp-block-list\">\n<li><a href=\"\/wp-content\/uploads\/2024\/03\/Loan_Agreement_Thailand_Bilingual_ThaiLawOnline.docx\"><strong>Loan Agreement \u2014 Bilingual (Thai\/English) \u2014 Word .docx<\/strong><\/a> \u00b7 <em>editable<\/em><\/li>\n\n\n\n<li><a href=\"\/wp-content\/uploads\/2024\/03\/Loan_Agreement_Thailand_Bilingual_ThaiLawOnline.pdf\"><strong>Loan Agreement \u2014 Bilingual (Thai\/English) \u2014 PDF<\/strong><\/a> \u00b7 <em>print-ready<\/em><\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>English only<\/strong> \u2014 for use where both parties read English:\n<ul class=\"wp-block-list\">\n<li><a href=\"\/wp-content\/uploads\/2024\/03\/Loan_Agreement_Thailand_English_ThaiLawOnline.docx\"><strong>Loan Agreement \u2014 English only \u2014 Word .docx<\/strong><\/a> \u00b7 <em>editable<\/em><\/li>\n\n\n\n<li><a href=\"\/wp-content\/uploads\/2024\/03\/Loan_Agreement_Thailand_English_ThaiLawOnline.pdf\"><strong>Loan Agreement \u2014 English only \u2014 PDF<\/strong><\/a> \u00b7 <em>print-ready<\/em><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n<p>[\/membership]<\/p>\n\n\n<p class=\"wp-block-paragraph\"><strong>Disclaimer.<\/strong> These templates are provided for general information and convenience. They are not a substitute for legal advice. Every loan is different, and a clause that is harmless in one fact pattern can be ruinous in another. For any loan above 500,000 THB, or any loan with security, collateral, corporate parties, or cross-border elements, please <a href=\"https:\/\/www.thailawonline.com\/book-consultation\/\">book a consultation<\/a> before signing.<\/p>\n\n\n\n<h2 id=\"faq\" class=\"wp-block-heading\">Frequently Asked Questions<\/h2>\n\n\n\n<h3 id=\"is-a-loan-agreement-signed-only-on-line-or-by-email-enforceable-in-thailand\" class=\"wp-block-heading\">Is a loan agreement signed only on LINE or by email enforceable in Thailand?<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">For loans above 2,000 THB, Section 653 of the CCC requires <em>written evidence signed by the borrower<\/em>. The Electronic Transactions Act B.E. 2544 has been interpreted by the courts to allow electronic signatures \u2014 including digital signatures and clearly authenticated chat messages \u2014 but the evidentiary weight is much weaker than a wet-ink signature. For any meaningful sum, insist on a signed paper original.<\/p>\n\n\n\n<h3 id=\"what-is-the-maximum-interest-rate-i-can-charge-under-thai-law\" class=\"wp-block-heading\">What is the maximum interest rate I can charge under Thai law?<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">15% per year (Section 654 CCC). Any higher rate is automatically reduced to 15%. Charging more than 15% knowingly can expose the lender to criminal penalties of up to two years\u2019 imprisonment under the 2017 Act on the Prohibition of Charging Interest in Excess of the Rate Specified by Law.<\/p>\n\n\n\n<h3 id=\"do-i-need-a-thai-lawyer-to-draft-a-loan-agreement\" class=\"wp-block-heading\">Do I need a Thai lawyer to draft a loan agreement?<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">For a small, simple loan between two individuals in THB, our template is sufficient if you complete every blank carefully and have it stamped within 15 days. For loans above 500,000 THB, for loans with collateral, corporate parties, or cross-border elements, a Thai lawyer\u2019s review costs a small fraction of what failed enforcement will cost \u2014 it is one of the highest-return legal expenses you can make.<\/p>\n\n\n\n<h3 id=\"how-long-do-i-have-to-sue-if-the-borrower-stops-paying\" class=\"wp-block-heading\">How long do I have to sue if the borrower stops paying?<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">The prescription period for a money-loan claim is 10 years from the due date of each instalment (CCC s.193\/30). A written demand letter interrupts the period briefly, but the safe practice is to file in court well before the 10-year mark on the earliest unpaid instalment.<\/p>\n\n\n\n<h3 id=\"can-a-foreigner-lend-money-to-a-thai-national-without-restriction\" class=\"wp-block-heading\">Can a foreigner lend money to a Thai national without restriction?<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Yes. Private one-off loans between individuals carry no nationality restriction. The Foreign Business Act does not regulate private money lending. Be careful, however, if the lending pattern looks like a money-lending business \u2014 that triggers licensing requirements under the Money Lender Act B.E. 2542.<\/p>\n\n\n\n<h3 id=\"what-happens-if-i-forget-to-pay-the-stamp-duty\" class=\"wp-block-heading\">What happens if I forget to pay the stamp duty?<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">The loan remains valid between the parties, but the unstamped document is inadmissible as evidence in any Thai court. You can cure the defect by paying the duty plus a surcharge (up to six times the original duty) at the Revenue Office before filing your case. It is dramatically cheaper to stamp on day one.<\/p>\n\n\n\n<h3 id=\"should-the-agreement-be-in-thai-english-or-both\" class=\"wp-block-heading\">Should the agreement be in Thai, English, or both?<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">If both parties are Thai, Thai only is fine. If one party is a foreigner, use a bilingual version with the Thai text controlling in case of conflict. A foreigner-only English version is enforceable in Thai courts but adds friction (court translation will be required and is at the parties\u2019 expense). Our bilingual template is the recommended default.<\/p>\n\n\n\n<h3 id=\"can-i-add-collateral-or-a-guarantor-to-these-templates\" class=\"wp-block-heading\">Can I add collateral or a guarantor to these templates?<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Yes, but a guarantee (<em>\u0e01\u0e32\u0e23\u0e04\u0e49\u0e33\u0e1b\u0e23\u0e30\u0e01\u0e31\u0e19<\/em>) and a security interest (mortgage, pledge, vehicle hire-purchase) are each governed by their own separate provisions of the CCC and the Land Code, and each requires its own contract or registration to be valid. A secured loan is not a job for a generic or copy-paste form. Our loan templates are drafted by Thai lawyers, and for a registered mortgage or other security we recommend a tailored secured-loan package: <a href=\"https:\/\/www.thailawonline.com\/book-consultation\/\">contact us<\/a>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><em>Author:<\/em> S\u00e9bastien H. Brousseau, Director of ThaiLawOnline, in collaboration with our team of Thai-licensed attorneys. Last reviewed and updated for the 2026 Civil and Commercial Code by our editorial team. ThaiLawOnline has served the expat and foreign-investor community in Thailand since 2006.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><em>Related reading:<\/em> <a href=\"https:\/\/www.thailawonline.com\/loan-agreement-in-thailand\/\">Comprehensive Loan Agreement Guide under the Civil and Commercial Code<\/a> \u00b7 <a href=\"https:\/\/www.thailawonline.com\/commercial-and-civil-code-of-thailand-annotated\/\">The Civil and Commercial Code, Annotated<\/a> \u00b7 <a href=\"https:\/\/www.thailawonline.com\/nda-agreements-in-thailand\/\">NDA Agreements in Thailand<\/a> \u00b7 <a href=\"https:\/\/www.thailawonline.com\/book-consultation\/\">Book a Legal Consultation<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Members-only download. The four loan agreement templates linked at the bottom of this page (bilingual Thai\/English and English-only, in both [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"class_list":["post-240","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/www.thailawonline.com\/th\/wp-json\/wp\/v2\/pages\/240","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.thailawonline.com\/th\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.thailawonline.com\/th\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.thailawonline.com\/th\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.thailawonline.com\/th\/wp-json\/wp\/v2\/comments?post=240"}],"version-history":[{"count":8,"href":"https:\/\/www.thailawonline.com\/th\/wp-json\/wp\/v2\/pages\/240\/revisions"}],"predecessor-version":[{"id":2539,"href":"https:\/\/www.thailawonline.com\/th\/wp-json\/wp\/v2\/pages\/240\/revisions\/2539"}],"wp:attachment":[{"href":"https:\/\/www.thailawonline.com\/th\/wp-json\/wp\/v2\/media?parent=240"}],"curies":[{"name":"\u0e14\u0e31\u0e1a\u0e40\u0e1a\u0e34\u0e25\u0e22\u0e39\u0e1e\u0e35","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}