Bangkok--21 Apr--Krungthai Bank
“KTB” or Krungthai Bank and “KTC” or Krungthai Card offer customers the chance to pay for home mortgage with a KTC credit card for the first time in Thailand. Members will earn Forever Rewards points throughout the term of the contract and enjoy longer interest-free period. Additionally, members will earn double Forever Rewards points for three installments and choose to repay at the monthly rate of 1,000 Baht per 1 Million Baht of loan for six installments if their application is submitted by December 30th, 2014 and execute the mortgage papers within 60 days from the day on which their credit line is approved.
Mr. Weidt Nuchjalearn, First Senior Executive Vice President, “KTB” or Krungthai Bank Public Company Limited, says, “We have a vision of developing valuable services that contribute to the growth and the wealth of our customers under the ‘Growing Together’ concept. To this end, we are working with financial companies on the introduction of diverse products and services that correspond with the needs and the lifestyle of all customer groups. Our most recent collaboration is with “KTC” or Krungthai Card Public Company Limited where the “Krungthai Mortgage Payment with Card” campaign offers, for the first time in Thailand, the possibility of paying new home mortgage installments with credit card. The amount will be charged automatically to the account of KTC credit card holders for their convenience. This ensures that they do not lose out on the benefits they typically are entitled to by spending with their credit card as well.”
“We offer mortgage at the highest amount of 95% of the appraisal price. The interest rate is 0.99% per annum during the first six months, MRR -4% per annum from the seventh to the twelfth month, MRR -1.7% per annum for the second and third year, MRR -1.6% per annum from the fourth year onward. During this introductory period of the “Krungthai Mortgage Payment with Card” campaign, “KTB” and “KTC” will offer an extra privilege of repayment at the monthly rate of 1,000 Baht per 1 Million Baht of loan for six installments. In order to be eligible for this, customers must apply from now until December 30th, 2014, and execute the mortgage papers within 60 days from the day on which their credit line is approved.”
Mr. Rathian Srimongkol, President and Chief Executive Officer, “KTC” or Krungthai Card Public Company Limited, says, “This ‘Krungthai Mortgage Payment with Card’ campaign is a product of mutual development between KTB and KTC. It is very pleasing to see that home buyers among the 1.6 million KTC credit card members will be entitled to a privilege unheard of previously in Thailand. From now on, KTC credit card members will be able to pay for the installments of their home mortgage with their credit card with 45-day interest-free repayment duration. For every 25 Baht of payment, members will also earn one Forever Rewards point or one KTC ROP mile throughout the term of the contract. And as a special bonus, members will earn double the points for the payment of the first three installments of their home mortgage. These Forever Rewards points can then be used to claim discount or used in place of cash when shopping for household items, furniture and other products or when dining. Members can convert these points into mileage for air ticket claims as well. The choice is yours.”