Credit Foncier World is moving forward with an additional loan approval of 90 million baht to support SMEs across all sectors in accessing working capital. This initiative aims to assist those affected by COVID-19 in achieving liquidity while also providing opportunities for borrowers outside the formal system to settle debts and enter the system with fair and transparent interest rates, simply by using real estate as collateral. The company has set a target for its loan portfolio in 2022 at 1 billion baht.

Associate Professor Dr. Jirasak Jiyachantan, Chairman of the Executive Board of Credit Foncier World Co., Ltd., revealed that the overall market shows an 8% increase in business loans compared to 2021. This reflects a liquidity shortage and the demand for capital in the business sector for recovery from the economic situation during the COVID-19 pandemic, which continues to have an impact.

“In the past, Credit Foncier World has seen a twofold increase in loan applications, amounting to over 2 billion baht. The main customer segments include the real estate sector at 35%, the hotel sector at 25%, the service sector at 30%, and others at 10%. Due to the increased demand from customers, Credit Foncier World is accelerating the provision of business loans and housing loans responsibly and transparently, expanding loan amounts from 10 million baht to 90 million baht to meet customer needs as much as possible.”

The loan application process with Credit Foncier World requires real estate collateral, which can include houses, townhouses, office buildings, warehouses, and land titles. Additionally, customers can convert their owned properties into cash, including houses, townhouses, land, or hotels. Loans can be applied for in the form of mortgages, pledges, and lease purchases, with a processing and approval time of only 7 business days. Interest rates will be in accordance with the guidelines set by the Bank of Thailand and the company's fair conditions, with the lowest interest rate at 6.5% per annum and the highest at 15% per annum (latest announcement on 23/07/64),” Dr. Jirasak stated.

Furthermore, during the recent economic downturn, there has been a significant rate of borrowing from informal sources due to the stringent conditions for loan applications, making it difficult to qualify. As a result, many customers are willing to take risks by seeking alternative sources of working capital. This has led Credit Foncier World to expand its customer base to meet the demand of clients looking to repay loans from financial institutions or other individuals quickly. It also provides opportunities for clients in informal debt to enter the formal system within 10 days, enhancing their credibility for future transactions with other financial institutions.

For 2022, Credit Foncier World aims for a 50% increase in loans, exceeding 1 billion baht. In the first quarter of 2022, loan disbursements have already reached over 400 million baht, indicating that the loan portfolio is on track to meet the set target. For those looking for a large, quick loan with a straightforward process and fast approval, available for both legal entities and individuals, Credit Foncier World offers loans under the supervision of the Bank of Thailand, with over 50 years of operational experience. Business loans and housing loans from Credit Foncier World are certainly a suitable choice for customers,” Dr. Jirasak concluded.

Credit Foncier World is committed to creating real opportunities for customers in a short time. Customers seeking personalized loan consultations can contact the Credit Foncier World office located on the G floor of the Pipatanasin Building, Narathiwat Ratchanakarin Road, Sathorn. The office is open Monday to Friday from 09:30 AM to 04:30 PM. For more information on applying for a loan with Credit Foncier World, visit the website at https://worldcreditfoncier.co.th/pages/products-credit or call 0-2678-3900, or contact via LINE: @worldcreditfoncier.