2024.05.22 (수)

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“Reserve loan and get lower rate”…Citibank launches “Loan reservation program”

NBC-1TV World News

[By NBC-1TV E. H Kim]Citibank Korea (CEO Ha, Yung-Ku, www.citibank.co.kr) launches a loan reservation program effective on and after March 12 offering up to 1.5% discount from a committed loan interest rate.

Citibank loan reservation program offers 1% discount per year from a prescribed rate to customers who reserved a loan one month prior to actually taking out an unsecured loan and up to 1.5% per year to those who reserved a loan 2-3 months in advance. For instance, if a customer reserved a loan 2 months prior to actually applying for 30million unsecured loan rated at 7% per year, s/he will be entitled to 1.5% discount and given 5.5% rate per annum ultimately able to save 450,000 in total in interest per year. Application for participating in loan reservation program can be accepted quick and simple. You can just call or go to one of Citibank branches and give your consent to personal (credit) information checking, followed by maximum loanable amount inquiry.

Jun, Hee-Soo, Executive Vice President of Marketing of Citibank said, “Making reservation is becoming a common practice across various businesses of the society such as hospitals, restaurants and hair salons. To keep abreast of this trend, Citibank developed a loan reservation program with desires to bring substantial benefits to customers who plan to manage their finances. For our part, we also hope this program will get us profitable customers who make plans to borrow.”



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