KASIKORNBANK (KBank) has introduced a loan for boosting short-term liquidity of customers under the “Stronger Together” program. Borrowers are allowed to use investment units of KASIKORN ASSET MANAGEMENT Co., Ltd. (KAsset) or TMB Asset Management Co., LTD. (TMBAM Eastspring) as collateral against loan. Loan can be granted at 95 percent maximum of collateral value at a special low interest rate, with fast and easy approval within three business days. The initiative aims to aid cash-strapped retail and business customers in their fight against the COVID-19 crisis. Eligible mutual funds for this program are as follows.
Mutual funds of KAsset at risk level 1-4 and conditions as determined by KBank can be used as collateral for personal loan with a minimum limit of 30,000 Baht or commercial loan with a minimum limit of 500,000 Baht, and a six-month loan term.
Mutual funds of TMBAM Eastspring: There are four eligible mutual funds, i.e., TMB Aggregate Bond Fund (TMBABF), TMB Ultra-Short Bond Fund (TMBUSB), TMB Thana Plus (TMBTHANAPLUS) and TMB Bond Fund (TMBBF). These funds can be used as collateral for personal loan with a minimum limit of 30,000 Baht or commercial loan with a minimum limit of 30,000 Baht, and a 12-month loan term.
Interested persons can apply for loan at any KBank branch. For more information, please call the K-Contact Center at 02-8888888, press 5 or visit https://kbank.co/3bc0QCw for personal loan; or the K-BIZ Contact Center at 02-8888822, press 65 or visit https://kbank.co/2LaeL1h for commercial loan.