Bangkok--Sep 19--Krungthai Card
KTC reciprocates clients’ interests in refinance with lowered interest rate and usage fee of as low as 22% and 27% per year by using declining interest calculation method in this time of rising cost of living..
Khun Sudaporn Janwatanagool, Executive Vice President, Fixed Loan Business, KTC or Krungthai Card Public Company Limited commented “Following our introduction in July of refinance service under which, other financial institutions users can transfer the remaining amount to KTC Cash personal loan account for 28% interest rate and usage fee, a great number of clients have expressed interests in KTC cash refinance. Preliminary information indicates that most of the clients seeking refinance have been suffering from high interest rates, as high as 50% per year in some cases. In order to reciprocate clients’ feedback as well as ease their burden amidst rising gas prices and cost of living, we have adopted the reduction in interest rate and usage fee”.
“Our main target group is clients currently paying for interest rate of 30-50% per year, most of whom have monthly salary of below 15,000 Baht. However, many clients with salary of greater than 15,000 Baht and paying for interest rates of 23-30% per year have expressed their interest in the service as well. That is why we have approved of the new and lower interest rate and usage fee of 27% per year for clients with salary of 7,500-15,000 Baht and 22% per year for clients with salary of 15,001 Baht or more. (down from previous rate). Once approved, full line of credit will be granted without any reduction of entry fee. Applicant criteria remains the same as before, needs to be a full-time employee aged 21 or older, a self-employed or an entrepreneur whose business has been in operation for at least one year. Moreover, clients may transfer outstanding balance from as many as three accounts with other financial institutions. These may be personal loans, cash loan or revolving loan . Minimum amount of transfer is 10,000 Baht and maximum is five times of the salary. We will transfer the funds to the account within two business days from the day of approval.”
Khun Sudaporn elaborated “Besides refinance program, any person applying and getting approval for KTC Cash standard loan at any KTC Boutique Branch from 1st September to 15th November 2005 is entitled to one-year 24/7 personal accident insurance which covers loss, damage or bodily injury as a result of an accident. The maximum coverage is 300,000 Baht in the case of death. Compensation is available for loss of limbs or vision. Medical treatment fee of 2,000 Baht per accident is available on unlimited number of incidences as per the policies. With KTC Cash, clients will receive full credit amount without deducting the entry fee and be eligible for the declining interest calculation method, greater flexibility with selectable payment date, choice of minimum payment of 5% or time-specified payment. Clients will also be able to call in and ask to postpone payment in time of emergency without negative effect on the record or additional expense. Apply now at KTC Boutique Branch or obtain more information from, KTC Phone, at 02-665-5000 Extension 4 or visit www.ktc.co.th.”
For more information, please contact
Public and Corporate Affairs Department
Krungthai Card Public Company Limited
Kandtharat Chermchitphong Tel. 0-2665-5057
Suchada Weerasakulrak Tel. 0-2656-5732
Atiga Dechawatanapisal Tel. 0-2665-5048
Fax. 0-2665-5046
E-mail : [email protected] End.