Tana Pothikamjorn, Chief Executive Officer of KASIKORN LINE Co., Ltd., said LINE BK, as an all-in-one financial stop, has formed partnerships in various industries to provide customers with easy access to its services with the concept of “Banking in Your Hand”, solidifying its mission to provide trustworthy funding for Thais. Therefore, this milestone cooperation between KASIKORN LINE and Srisawad Corporation and Srisawad Group will fulfil the demand for loans from LINE BK customers by combining their strong points. LINE BK, Thailand’s first social banking platform, operates through the LINE application which has 53 million Thai users with expertise in online services and offers financial services in Thai people’s lives i.e. Banking services, loans, and insurance. LINE BK has currently more than 5 million users and more than 9 million followers of LINE Official Account. While Srisawad is a leading loan provider in Thailand and has a strong presence with more than 5,500 branches across the nation, making it very convenient for customers to seek Srisawad’s products and services.  

“I believe that, given Srisawad’s strong points and its long-standing reputation when it comes to loan providing and loan variety it offers, this partnership will fulfil the demands of LINE BK customers who would like to receive collateral loans in addition to personal loans and nano loans from LINE BK.  This gives more options for people to have access to legitimate loans and reduces the risk of people seeking unlawful loans. LINE BK will provide a channel to publicize Srisawad products to specific groups of customers. Srisawad will facilitate the process of loan application until a loan is approved.” Tana said. 

Thida Kaewbootta, Director of Corporate Strategy of Srisawad Corp, said this partnership between two loan providers is the first of its kind. Srisawad offers collateral loans with a high loan ceiling, a fast approval process and low interest for people who seek quick cash to increase their cash flow. There are various types of loans on offer ranging from auto loans, home loans, land loans, truck loans and agriculture loans.

Srisawad is ready to provide loans to borrowers without guarantors, transfers, mortgages, pay slips or even financial background checks. The lenders simply need to provide the right collateral, depending on the type of loan they apply for. Even if the lender is still paying for the said collateral in instalments, they can still use it to apply for a loan

"We recognize the expertise and skill of LINE BK in providing all-in-one financial service through LINE application's various products to accommodate all customers' needs. This is in line with Srisawad's mission to provide lawful sources of funds for the Thai people. We're ready to combine Srisawad's strengths namely various types of loans, quick approval process, simple conditions, fair interest and more than 5,500 branches across the nation with those of LINE BK so that customers will receive more convenience and satisfaction through our partnership," Thida said.

During the early phase of this project, specific groups of customers who may be in need of loans will be approached via LINE official account of LINE BK and be informed of Srisawad’s program. Interested customers can click on the message to further fill in their information on the Srisawad’s website and wait to be contacted by Srisawad staff within one working day. Registration is available during Mondays to Fridays from 8:30am to 4:30pm and on Saturdays from 8:30am to 3:30pm. Should customers register outside the aforementioned times and days, Srisawad staff will contact them back within the next working day.