TISCO Bank launches land title deed loans for SMEs

Prachachat•Economy•1d ago

Reader Briefing

TISCO Bank introduces land title deed loans to provide liquidity for individuals and SMEs facing high living costs and economic challenges.

•TISCO Bank launched the 'Land Title Deed Loan' and 'Land Title Deed Loan for SME Business' products.
•The loans allow customers to convert land and real estate into working capital.
•The products aim to help customers reduce high-interest debt and avoid informal loans or asset consignment sales.
•Sommai Sae-ung, Assistant Managing Director of TISCO Bank, announced the initiative.

•Sommai Sae-ung states that challenging economic conditions and high living costs have caused liquidity problems for many people and entrepreneurs.
•Sommai Sae-ung notes that relying on informal debt or asset consignment sales increases financial costs and risks long-term asset loss.
•TISCO Bank introduced the 'Land Title Deed Loan' and 'Land Title Deed Loan for SME Business' under the concept 'Unlock every need for money'.
•TISCO Bank aims to allow customers to turn land and real estate into accessible working capital.
•The loans can be used for daily expenses, closing high-interest debts, consolidating multiple debts, or expanding business operations to increase competitiveness.
•TISCO Bank provides consultations for customers wishing to use real estate as a formal source of funding.
•Customers can contact TISCO Bank via telephone, the TISCO Bank website, TISCO Bank branches, or Somwang Ngern Sang Dai branches nationwide.

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TISCO Bank Public Company Limited(ธนาคารทิสโก้ จำกัด (มหาชน))

A financial institution that launched land title deed loans to enhance SME liquidity.

Somwang Ngern Sang Dai(สมหวัง เงินสั่งได้)

An entity with branches nationwide where customers can inquire about TISCO Bank's loan products.

Sommai Sae-ung(สมหมาย แซ่อึ้ง)

Assistant Managing Director of the Retail Loan Strategy and Business Development Department at TISCO Bank.