You lent a friend 500,000 baht. He signed a paper that says “promissory note” and promised to pay you back. Is that worth anything in a Thai court? Yes. And in some ways it is stronger than a loan contract. But it carries one trap that catches lenders out every year.<\/p>\n
A promissory note in Thailand (\u0e15\u0e31\u0e4b\u0e27\u0e2a\u0e31\u0e0d\u0e0d\u0e32\u0e43\u0e0a\u0e49\u0e40\u0e07\u0e34\u0e19) is a negotiable instrument. The law treats it very differently from an ordinary loan agreement.<\/p>\n
A promissory note is a negotiable instrument under Section 982<\/strong>. Remember the three-year<\/strong> limit to sue (Section 1001). Our bilingual template includes a short how-to-use guide covering the time limit, the 15% interest ceiling, and stamp duty. Join Silver \u2014 free \u00b7 \u0e2a\u0e21\u0e31\u0e04\u0e23 Silver<\/a>Buy once \u2014 \u0e3f390 \u00b7 \u0e0b\u0e37\u0e49\u0e2d\u0e04\u0e23\u0e31\u0e49\u0e07\u0e40\u0e14\u0e35\u0e22\u0e27<\/a><\/div>\n <\/p>\n Gold members can have a lawyer prepare or review it; an AI Document Maker is coming soon. Prefer it fully lawyer-prepared? \u0e15\u0e34\u0e14\u0e15\u0e48\u0e2d\u0e40\u0e23\u0e32<\/a>. Not legal advice. \u00b7 \u0e2a\u0e21\u0e32\u0e0a\u0e34\u0e01 Gold \u0e43\u0e2b\u0e49\u0e17\u0e19\u0e32\u0e22\u0e08\u0e31\u0e14\u0e40\u0e15\u0e23\u0e35\u0e22\u0e21\/\u0e15\u0e23\u0e27\u0e08\u0e44\u0e14\u0e49 \u0e40\u0e04\u0e23\u0e37\u0e48\u0e2d\u0e07\u0e21\u0e37\u0e2d AI \u0e40\u0e23\u0e47\u0e27 \u0e46 \u0e19\u0e35\u0e49<\/p>\n<\/div>\n Thai law puts promissory notes in the “Bills” chapter of the Civil and Commercial Code. Section 898 lists three kinds of bills: the bill of exchange, the promissory note, and the cheque.<\/p>\n Section 982 gives the definition. The maker promises to pay a fixed sum to the payee, or to that person’s order. The key word is “order.” The note can be passed on by endorsement. That new holder can then demand payment. This is what “negotiable” means. A loan contract cannot do that on its own.<\/p>\n Section 983 sets out the required particulars: the words “promissory note”, an unconditional promise to pay a definite sum, the payee name, the date, and the maker signature. No signature, no note.<\/p>\n People use the two terms as if they are the same. They are not. A loan agreement<\/a> is a contract. A promissory note is a one-sided instrument that travels.<\/p>\n
\u0e15\u0e31\u0e4b\u0e27\u0e2a\u0e31\u0e0d\u0e0d\u0e32\u0e43\u0e0a\u0e49\u0e40\u0e07\u0e34\u0e19\u0e40\u0e1b\u0e47\u0e19\u0e15\u0e23\u0e32\u0e2a\u0e32\u0e23\u0e40\u0e1b\u0e25\u0e35\u0e48\u0e22\u0e19\u0e21\u0e37\u0e2d\u0e15\u0e32\u0e21\u0e21\u0e32\u0e15\u0e23\u0e32 982 \u0e2d\u0e22\u0e48\u0e32\u0e25\u0e37\u0e21\u0e2d\u0e32\u0e22\u0e38\u0e04\u0e27\u0e32\u0e21 3 \u0e1b\u0e35 (\u0e21\u0e32\u0e15\u0e23\u0e32 1001) \u0e41\u0e21\u0e48\u0e41\u0e1a\u0e1a\u0e2a\u0e2d\u0e07\u0e20\u0e32\u0e29\u0e32\u0e21\u0e32\u0e1e\u0e23\u0e49\u0e2d\u0e21\u0e04\u0e33\u0e41\u0e19\u0e30\u0e19\u0e33\u0e01\u0e32\u0e23\u0e43\u0e0a\u0e49\u0e07\u0e32\u0e19<\/span><\/p>\n<\/p>\nWhat a promissory note is under Thai law<\/h2>\n
What the note must contain<\/h3>\n
Promissory note vs loan agreement<\/h2>\n