TMB Bank is offering loans with a fixed rate of 3.9 per cent for one year to help small and mediumsized enterprises refinance before interest rates rise soon.
Sayam Prasitsirikul, chief SME banking officer of TMB, said the bank was also offering a credit line of up to three times the value of collateral for businesses that want to expand. The promotion runs until September 30.
He said that as financial costs were a concern for SMES, and with the rising interestrate trend, the bank believed the product could help smaller businesses to manage their current and future costs.
TMB expects the campaign will lead to lending of Bt3 billion to SMEs.