Prior business experience is unnecessary and no collateral is required. KBank is also offering financing to stores selling musical instruments, with letter-of-guarantee fees of just 1.25 per cent and overdraft loans with collateral of 30 per cent. The bank expects to loan a total of Bt500 million to Yamaha Music Schools this year. There are currently 100 such schools in Thailand, half of them in the Bangkok metropolitan area.

Source: The Nation Bangkok August 23, 2017 05:03 UTC