Bangkok--31 Mar--Bank of Ayudhya Public Company Limited Bank of Ayudhya Public Company Limited (BAY) launches new personal loan product “Krungsri Smile Cash Line”, a ready credit with high credit limit and utmost convenience in withdrawing cash from Krungsri ATMs nationwide for 24 hours. Customers can apply without collateral or guarantors. Mr. Roy Gunara, Head of Consumer Banking, Bank of Ayudhya PCL., said that following the success of previously launched consumer banking products and services, Bay is now launching the revolving personal loan “Krungsri Smile Cash Line”, a new product that responds to today lifestyle of Thai consumers. With “Krungsri Smile Cash Line, customers can be ensured to have cash ready for all circumstances. Cash can be conveniently withdrawn at over 2,600 Krungsri ATMs across the nation for 24 hours. The product targets working people and entrepreneurs who require liquidity to support their personal needs and or businesses. Mr. Gunara added that the revolving personal loan “Krungsri Smile Cash Line” offers initial credit limit at twice of the salary with maximum limit of THB 1,000,000. This limit will be reviewed periodically to prevent over debt burden from the customers. He also add that this loans are designed as cash protections to the customers, that when needs arise or during emergency, customers can withdraw the cash immediately to cover their needs. Krungsri smile cash line is provided to BAY customers without annual fee or upfront fee. It is easy to apply with minimum income of THB 10,000 without collaterals or guarantors. The loan also provides low interest rate. Minimum repayment is 3% of the principle plus interest (at least THB 500) or full amount. Repayment can be made at BAY counters, Krungsri ATMs, Krungsri Phone 1572, KrungsriOnline, Counter Service or PAY AT POST. Customers will be able to continue their withdrawal every time repayment is made. Interest will be calculated from the amount of money withdrawn each time by counting from the day of withdrawal until the day of account summary each month. The Bank will stop calculating interest as soon as customers repay full amount of money. Applicants must be between 20-59 years of age with at least 1 year working period. The interest rate is varied at 16%-26% with no application fee and cash withdrawal fee. In addition, customers who apply and get the approval by May 31, 2008 will receive free Krungsri Smile Cash Line umbrella worth THB 500. For more information at Krungsri Call Center 1572 and apply at all BAY branches.