Bangkok--Jan 27--Krungthai Card
KTC, the leading credit card and consumer finance company of Thailand, is giving personal loans clients even greater financial flexibility with “KTC Cash Revolve” —a line of credit where the first sum is transferred into the account and revolving credit is made available for the clients to withdraw as many times as needed. Minimum payment is 3% of the amount due or 300 Baht, whichever is greater. Applicants need to have a minimum wage of 7,000 Baht in order to apply with entrance fee and annual fee unconditionally waived for life and still be eligible for Forever Rewards points. KTC Cash Revolve is expected to be well received by the market.
Ms. Sudaporn Janwatanagool, Executive Vice President for Personal Loans Business, “KTC” or Krungthai Card Public Company Limited said “As we have been providing refinance service for personal loans clients since 2005 and we have reduced our interest rates and usage fee for certain clients which were higher than 28% per year to 28% per year, the number of our personal loans clients has risen satisfactorily. We have made a decision to help shoulder the burden of the clients further this year and to focus on providing financial flexibility to those who require revolving credit. KTC Cash Revolve is thus developed with prime features as ready to use credit where the first sum is transferred into the account and revolving credit is made available for the clients via card through any ATM at any time. Minimum payment is 3% of the amount due or 300 Baht, whichever is greater.”
Interested parties may apply for KTC Cash Revolve at KTC Personal Loans Service Center from now and be eligible for waiver of entrance fee and annual fee for life. There is no cash withdrawal fee or other miscellaneous fees associated and the interest rates and credit usage fee are as low as started at 23% per year with declining calculation method. Clients will be entitled to benefits and discounts at leading establishments where Make Sense logo is displayed simply by producing the card. Most importantly, this is the first for cash withdrawal cards where Forever Rewards points are given. One Forever Rewards point will be awarded for every 25 Baht withdrawn by the clients. The points can be collected towards redemption of products and services or exchange for cash to be transferred into the revolving line of credit account. Forever Rewards points do not have an expiry date.
“We are targeting full-time employees aged 21 and older who have a minimum wage from 7,000 Baht and owners of business that has been in operation for one year or longer. There is no need for collaterals or a guarantor. Simply apply once and enjoy the credit line forever as the money repaid will go back into the credit line and be ready for the clients to withdraw again. This is how we make it most convenient and flexible for the clients.”
“We hope that KTC Cash Revolve will be able to satisfy the clients, especially in the period when the interest rates are raised. It should also help us expand our credit portfolio.”, said Ms. Sudaporn in conclusion.
For more information, please call KTC Personal Loans Service Center, KTC Phone at 02-665-5000 Ext. 4 or visit www.ktc.co.th.
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For more information:
Public and Corporate Affairs Department
Krungthai Card Public Company Limited
Kandtharat Chermchitphong Tel. 0-2665-5057
Suchada Weerasakulrak Tel. 0-2665-5732
Fax. 0-2665-5046
E-mail: [email protected]
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