SC Asset Corporation, in collaboration with Bangkok Bank, has launched a personal loan product that uses deposit accounts as collateral, under the concept "Homes and condos are possible, deposits remain intact." This allows homebuyers to use their Bangkok Bank deposit accounts as collateral without having to withdraw cash or register a mortgage. The maximum loan amount is 100% of the collateral deposit value, with a repayment period of up to 10 years. The interest rate is low, calculated as the savings deposit rate plus 1.50% or the fixed deposit rate plus 1.75%. Borrowers continue to earn interest on their deposits as usual and incur no fees for early repayment. The loan covers construction, extension, renovation, and repair of residences. It features four key advantages: low interest rates, deposits still generating returns, using only deposits as collateral, and high flexibility.
Bangkok Bank PCLBangkok Bank partners with SC Asset to offer deposit-backed home loans, expanding its lending product offering and customer reach.
SC Asset Corporation Public Company LimitedSC Asset launches a new loan product with Bangkok Bank to help homebuyers purchase homes and condos, supporting its property sales.
