Bangkok--20 May--Citi
Citi and The Mall Group have further cemented their partnership with the launch of Citi M Personal Loan and through Citi Advance, a recently launched Consumer Finance brand of Citi in Thailand
The financial products available at “Citi Advance” located in The Mall Department store include Citi M Personal Loan, Citi M Car Cash, Debt Consolidation, Balance Transfer and Personal Financial Advice. The service has been soft launched since early September 2008 and well received by The Mall customers. Currently, Citi Advance has opened its 5 branches located in The Mall Ramkamhang, The Mall Thapra, The Mall Bangkae, The Mall Ngamwongwan and The Mall Bangkapi.
Ms. Wanna Phermsuwan, Executive Vice President The Mall Group Co., Ltd. said “Last year, we partnered with Citi to offer Citi M Visa - a world-class privilege credit card to our customers. We have now strengthened this relationship with Citi in Thailand by working with Citicorp Leasing to offer a variety of financial options in response to the needs of our retail customers. We partnered with “Citi Advance” as it has the positioning and the brand philosophy that matches our target customers and The Mall brand image. Citi Advance branches in The Mall outlets are open 7 days a week, 11 am. To 8 pm., aimed at providing convenience to our customers. This partnership will also complete the offer of a full range of financial services to our retail shoppers from credit card to loan products and financial advice.”
Mr. Shahnawaz Lalani, Director of Citicorp Leasing (Thailand) Ltd. commented, “Our partnership with The Mall is an excellent opportunity to service their retail shoppers. In light of the current economic situation, clients are actively seeking new ways to manage their personal finances. Citi Advance is responsive to their individual financial goals by not just offering loans but also be their financial advisor. Our credit advisors are well-trained to understand client debt burden and offer different products such as unsecured personal loan, Secured Personal loans for car owner as well as balance transfer and debt consolidation to help customers better manage their debt. All of the products and services of Citi Advance are offered under the concept of “Use Credit Wisely” which we continue to actively promote in this market.”
Citi Advance branches are equipped with state-of-the-art technology enabling quick turnarounds to exceed customers’ expectation. Funds will be transferred directly to customer’s bank account via direct credit within 1 day.
Key products and services available at Citi Advance in The Mall are as follows:
Financial Advisory — Citi Advance will offer financial advice and debt consolidation programs to enable clients to use credit wisely and manage their debt better. Citi Advance aims to do the right thing for its customers in balancing a better lifestyle while managing debt. Debt consolidation and balance transfer offer longer tenor and lower payment to enable our customers to have a steady cash flow with lesser burden.
Citi M Personal Loan — an unsecured personal loan with maximum loan amount of 1,000,000 baht. Tenor of 12 —60 months. Interest rate and credit usage fee will be as low as 19 % per annum.
Citi M Car Cash — a personal loan secured by car collateral as hire purchase transaction. Customer who own a car (without lien) and a minimum monthly income of 10,000 baht. Loan amount is from 100,000 to 750,000 baht with tenor of 12 — 60 month. We offer the competitive flat rate starting 0.44% per month or 5.22% per annum.
In addition, Citi Advance also offers a service guarantee program “Citi Advance Guarantee” in which clients can get their loan approved and get loan disbursement within 60 minutes upon receipt of full required supporting documents. Participating clients can get a complimentary 100 Baht gift voucher for longer turnarounds.
Clients who are interested in applying to Citi Advance in The Mall branches must have a minimum monthly income of 10,000 baht. They can visit any branch of Citi Advance in The Mall Department store open daily from 11 am — 8 pm.
Citi
Citi, the leading global financial services company, has approximately 200 million customer accounts and does business in more than 140 countries. Through its two operating units, Citicorp and Citi Holdings, Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, and wealth management. Additional information may be found at www.citigroup.com or www.citi.com .