Bangkok--17 Mar--Krungthai Card
KTC is welcoming the wave of personal loan refinance clients by expanding client base, lowering interest and usage fee to only 21% and 26% per year and offering reduction in principal and interest plan to help shoulder the burden of all clients. For the first time in the industry, clients can choose to have a cash withdrawal card for their urgent needs, in addition to be entitled to full refinance
Ms. Sudaporn Janwatanagool, Executive Vice President, Personal Loans Business, “KTC” or Krungthai Card Public Company Limited said “We have started accepting refinances of personal loans from other financial institutions in 2005 and a great number of clients have shown their interests. More importantly, they are premium clients of those financial institutions as well, judging from the good repayment behaviors. And we are determined to help alleviate the burdens of more clients in this year at the time when market interest rates are being raised and certain financial institutions are not yet ready for the lowering of interest to 28% per year per BOT regulation.”
“KTC refinance clients will benefit from lowered interest and usage fee. Clients with monthly salary of 15,000 Baht per month or less will be subjected to the rate of 26% per year as opposed to the previous rate of 27% per year. And those with monthly salary of 15,001 Baht per month or more will be subjected to the rate of 21% per year as opposed to the previous rate of 22% per year. Reduction in principal and interest plan will be made available to both groups. We are also trying to cover a broader range of applicants by accepting more debtors with good repayment record. They can be permanent employees aged 21 or above with a salary of 6,000 Baht or more or owners of business which has been in operation for at least one year. All applicants need to have been personal loan or emergency cash clients of another financial institution for at least six months. They can apply using a copy of or the original receipt of their creditor for at least one month and the usual papers. Minimum amount transferred is 10,000 Baht while the maximum must be no greater than five times the salary. We will transfer money to the clients’ account within two working days from the date of approval.”
“Additionally, applicants will have two refinance options. Under the first plan, clients will be granted the whole amount to settle the debt with the previous financial institution and repay KTC in terms or minimum amount installments. Under the second plan, clients will not only receive the whole amount but also a cash withdrawal card with which they can withdraw the amount of principal repaid for their urgent use then repay the minimum amount or in full. This is the latest innovation in the refinance industry.”, said Ms Sudaporn in conclusion.
KTC Refinance allows clients to transfer their outstanding debt to a KTC Cash account and receive the whole amount of loan as there is no loan approval fee or duty stamp charge imposed. Highest interest and usage fee of only 26% per year and reduction in principal and interest plan available. Interested parties may apply at a KTC Touch or with a sales representative. For more information, please call Personal Loan Member Call Center, KTC Phone, at 02-665-5000 Ext. 4,
24 hours a day, or visit www.ktc.co.th .
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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
Fax. 0-2665-5046
E-mail : [email protected]
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