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Citi Advance offers new debt consolidation service.

Global Banking News-6 April 2009-Citi Advance offers new debt consolidation service(C)2009 ENPublishing -

Global Banking News - 06 April 2009(c)2005 - Electronic News Publishing -

Citi Advance, the consumer finance arm of Citi Thailand (NYSE: C), has introduced a new debt consolidation service.

The new service is to offer a one to two percent reduction in interest rates for customers. The debt consolidation service would allow customers to structure multiple small repayments into a 'one loan plan' within a fixed tenure. The service is free of charge.

Shahnawaz Lalani, director of Citicorp Leasing Thailand, said, 'Debt consolidation is an excellent opportunity for customers to manage their personal finances. At a time of economic uncertainty, it is important to maintain good credit behaviour by making monthly repayments affordable over a fixed loan tenor. This will minimise monthly debt burdens and help tide over difficult situations. CitiAdvance will target clients who have a minimum monthly income of 10,000 Baht, both Bangkok and Upcountry. CitiAdvance branches will be situated in strategic locations to be close to where our customers live and work and enjoy their lifestyles.'

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Publication:Global Banking News (GBN)
Date:Apr 6, 2009
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