Krung Thai Bank seeks new way to favor loan customers, reimbursing them for interest rate on Thanawat loan at 3.25% p.a. for those who used more credit line during these six months. Moreover, the bank is going to boost borrowers’ liquidity, increasing credit limit to property and multipurpose consumer loan clients for spending on what they need at low interest rate, and long repayment period of 60 installments. All these are provided in favor of customers who have been using our services continuously.

Dr.Anuchit Anuchitanukul, First Executive Vice President, Managing Director, Products and Marketing Management Group, Krung Thai Bank PCL. disclosed that Krung Thai Bank has held 3 special promotions, expediting increased clients’ credit line with lowered interest rate, to stimulate the economy, reinforce their purchasing power, and give back their money. For the first promotion named ‘Cash Back’, the Bank would refund to them interest on Thanawat loan 3.25% rate p.a., automatically transferred to the account.

“Discount interest calculated from average total debt at each month end and increasingly used from that on March-end, will be refunded to customers twice. The first round is between April 9- July 8, 2010 and the second round is from July 9 to October 9, 2010. Besides, those who get interest cash back of over 200 baht will get the Teen Card enabling them to buy products and services while gaining other privileges.”

Dr.Anuchit Anuchitanukul further said that the second promotion is called ‘Home for Cash’, to increase credit line to those who have repaid housing loans to the Bank for not less than 3 years so that they can spend the loan on consumption proportionately with the decreased debt at a very low interest rate, compared to loans of in the same type. During the 1st-3rd month, the interest rate will be charged at MRR-1.75% p.a. and after that, MRR-0.50% p.a. or equal to the current MRR of 6.375% p.a. Customers can choose to repay im maximum of 60 installment with no need for new collateral inspection.

“ The last promotion is to cut interest rate on multipurpose loans to government officials, state enterprise officers whose organization have not signed the service agreement and private companies already with agreement signed with the Bank so that they can spend the loans for their needs. During the first three months, the interest rate will be charged at MRR rate p.a. and customers can choose 60 installment repayments. Interested clients can submit their loan application to any of the Bank’s 890 branches.