Bangkok--18 Mar--KASIKORNBANK
KASIKORNBANK is building on its momentum this summer, launching a hot promotion of K-Express Cash with a fixed zero-percent interest rate for a period of three years, for spending that exceeds 70 percent of the approved credit limit. K-Express Cash also offers a personal assistance service to provide convenience in your daily life. Apply and get privileges from March 22 to September 30. Through this product, the Bank aims to loan 7 billion Baht in 2010.
Mr. Chatchai Payuhanaveechai, First Senior Vice President of KASIKORNBANK, said KBank plans to greatly expand K-Express Cash, a clean loan aiming to be one of the leaders in personal loan service. The Bank has launched this promotion to fund all the needs of customers, including long-weekend vacations, tuition fees of the upcoming school year, or even cash urgently needed for an emergency. With K-Express Cash, customers will get a special zero-percent interest rate for three years, for spending that exceeds 70 percent of the approved credit limit. This is currently the industry’s longest period for a fixed zero-percent interest rate for personal loan. Customers can use this privilege for three years from the credit approval date, regardless of monthly outstanding amount. This promotion is available from March 22 to September 30, 2010. Spending of less than or equal to 70 percent of the approved credit limit shall be subject to normal interest rates of 20-27 percent per annum, depending on the credit limit.
Customers applying for K-Express Cash will be exempted from application and annual fees, and will get personal assistance services from the K-Home Smile Club, providing information and assistance for customers in diverse daily activities, including personal business, travelers’ services, emergency roadside assistance, and home maintenance.
K-Express Cash is a loan that offers liquidity and emergency cash for individual customers with a monthly income of 10,000 Baht or more. The maximum credit limit is equal to threefold of monthly income, or up to 1.5 million Baht, without any collateral or personal guarantee. The interest rate is lower than that of competitors, at 55 Baht per day per 100,000 Baht of loan. The Bank charges 20 percent per year for credit limits of more than 240,000 Baht, 24 percent per year for credit limits of 80,001 Baht to 240,000 Baht, and 27 percent per year for credit limits equal to or less than 80,000 Baht. Customers can withdraw cash around the clock from any of the Bank’s ATMs without a cash withdrawal fee, and can repay the loan at a minimum amount of 5 percent or 500 Baht per accounting period.
KBank aims to provide 7 billion Baht in K-Express Cash loans within this year. Interested customers can apply for the service at any KBank branch nationwide, or ask for more information from the K-Contact Center at 0 2888 8888.