TMB unveils package under soft-loan scheme
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TMB Bank has launched a Bt26 billion loan campaign under the government's Bt300 billion soft-loan scheme, targeting to lend to flood-affected small and medium-sized enterprises (SMEs).
Under the scheme, Kasikornbank earlier unveiled the Bt32 billion mortgage loan programme while Bangkok Bank targeted SMEs. All are fixing their interest rate at 3 per cent for five years.
TMB is lending upto Bt30 million for SMEs with annual revenue of Bt50-Bt500 million under the SME Revitalising Credit programme. Those with turnover below Bt50 million are eligible to borrow upto Bt10 million.
Paphon Mangkhalathanakun, the head of TMB's SME business, said that the scheme compliments commercial banks' efforts to help revitalise SMEs.
"The new scheme targets existing clients and new clients of the bank," he said.
