“Brand Name Money” enters the luxury brand purchasing loan market

“Brand Name Money” expands its luxury brand hire purchase and mortgage services to 40 brand name and luxury product sales partners across Thailand. It is expected that in 68, the loan will exceed the target of 300 million baht. It has set a goal to increase the loan portfolio to 3 million baht within 1,000 years, against the economic downturn.

Mr. Papon Manasapakorn, Chief Executive Officer and Founder of Brandname Money Co., Ltd. revealed that The company has partnered with leading second-hand luxury brand stores throughout Thailand to provide loans to customers who purchase branded products. Both bags, high-end brand accessories and luxury watches of these stores, currently there are more than 40 partner stores, all of which are major brand name stores that are reliable, well-known and have luxury brand name products worth more than 5,000 million baht.

“The company still has the original target of increasing the loan portfolio to 3 billion baht within 71 years or by 1,000 and is confident that this year’s loan disbursement will reach the target of 300 million baht. The slowing economy will encourage more branded goods to be sold on consignment, allowing us to help create financial liquidity and cash in the pockets of those who own these high-end goods.

At the same time, those who want to own or use branded products will decide to buy second-hand products in good condition, with prices that are 2-30% lower than the price of buying new ones in shops.”

In this regard, Brand Name Money provides brand name loans in 3 formats:

1. Installment-use type of loan Let customers own the brand name they want immediately after approval. No need to wait, no need to use a credit card. Just a down payment starting at 30% of the product price with interest starting at only 0.99% per month. Installments can be made for up to 24 months. Approval is quick within 3 days. Suitable for those who want to split the payment and have regular income.

2. Installment loan - receive the item Just a down payment of 30% of the product price, finish the installment and receive the product immediately. Interest starts at only 1.25% per month. Approval within 1 hour, no need to check credit bureau. Easy installment for up to 10 months. Suitable for those who do not want the hassle of checking credit to own a brand name.

3. Deposit service We provide a service to sell watches, bags and luxury brand jewelry. We have a system to store customers' products safely in an international standard safe. Customers will receive their money immediately within 1-2 hours.

For the list of partner shops of both new and used brand name shops that have joined as partners, recommending customers so that Brand Name Money can provide credit services, which customers can contact to receive services directly, are as follows: Partner shops of high-end watches, led by THONG PATEK, Bagnifique, MM Swiss Watch, The Cog Watch, Conrad Time, Cherry naliga, Watch mania Thailand, @dear_watchtrader, Madamekik, Time collection, Fabulous_time1, De Carat, Watchberryandco and Mukky Watch, etc.

For partner stores, branded bags, accessories and other luxury products are as follows: Brandnamevoyage, SF Brandname, Dearbrandshop.official, Bagnifique, BRANDBYDAY, Numfonshop, NanoBrandname, Pbrandshops, Time Collection By sloane, ETCstores, Nalinbrands, Bobby Brand, Top Trend, Brandnamemaiiam, Panisa_brandname, BBB.Brandname, etc.

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