Bangkok--29 Sep--Krungthai Bank
Krungthai Bank give the retiree’s opportunity to reach a source of fund by reducing the pensionary loan interest off to 5.375% in first 6 month until 30th January next year, for the new customer, with an alternative choice to repay for an interest only and the privileges entry fees when applying a debit card. In addition to launch a product “Tung Jai Wai Kasien” deposit pay interest 4.10% per annum, an interest will be paid monthly.
Mr.Chainarong Eursithichai, Executive Vice President of Retail Strategy, Product & Segmentation Group Krungthai Bank PCL Reveal that as the bank has provided loans for pensionary purpose, monthly pension recipients and special monthly pension recipients, by giving their survivorship pension right as the collateral for extending their opportunity to reach a source of fund for an investment, financial liquidity, business expansion as well as daily living and to reduce dependency on an informal funding system, It appears that now the bank have been approved such loans in an amount of 82,000 cases totaling more than 27,000 million baht.“For this year, there are more than 31,000 of the retired bureaucrats and state enterprises employees including the early retiree so we provide a special campaign by reducing pensionary loan interest by 1% off to 5.375% per year in the first 6 month after that the rate will be MLR-0.375% per year throughout the contract. For the new loan who make the contract between 1 October 2557 to 30 January 2558 with maximum amount of credit line up to 100% from the specified amount in the original certificate, age limits is non-required and the loan terms will be 30 years maximum, applicants who don’t have monthly income paid through Krungthai bank are also welcomed by giving their survivorship pension right certification issued by The Comptroller Generals Department as the collateral through more than 1,200 branch nationwide.”
Mr.Chainarong Eursithichai continued that Applicants can also choose to pay interest only In addition to the payment of principal and interest as well as privileges entry fees when applying for a KTB Shop Smart Blue Diamond or KTB Shop Smart Pearl which covers death and disability including compensation for medical expenses and revenue when hospitalizing from the accident. For bureaucrats and state enterprises employees who doesn’t reach the maximum credit amount according to survivorship pension rights certification can make an addition for the remaining right without canceling the former certificate.
Krungthai Bank has also launched “Tung Jai Wai Kasien” deposit, for customers aged 50 years and over, pay interest at the rate of 4.10% per annum in the minimum deposit of 100,000 baht, the deposit period is 60 months and the interest will be paid monthly. The depositors can choose to receive an equal principal monthly pay and can also change the monthly refund.