“HSBC loans get personal (Bangkok Post - Thailand's English news)” plus 4 more |
- HSBC loans get personal (Bangkok Post - Thailand's English news)
- Nationwide Building Society Offers New UK Low Rate Personal Loans at 7.6 Percent (PR Newswire via Yahoo! Finance)
- Nationwide Building Society Offers New UK Low Rate Personal Loans at 7.6 Percent (PRWeb)
- Nationwide Building Society Offers New UK Low Rate Personal Loans at 7.6 Percent (PRWeb via Yahoo! News)
- HSBC expects big jump in personal-loan business (The Nation - Thailand's English news)
| HSBC loans get personal (Bangkok Post - Thailand's English news) Posted: 05 Jan 2010 06:31 PM PST BANKING HSBC Thailand plans to expand its personal loans aggressively with a target to double the loan portfolio in the next two years, according to Wichit Phayuhanaveechai, head of personal financial services. Wichit Phayuhanaveechai, head of personal financial services with HSBC Thailand, introduces the ''More Cash'' promotion from HSBC Personal Loans. The offer is valid until Feb 28. The bank expects to increase its personal loan portfolio to around 20 billion baht by the end of 2011 from lower than 10 billion baht currently. It has set aggressive strategies ranging from promotional campaigns, services and pricing to loan conditions to offer more consumer loan products. Mr Wichit said the bank lowered the minimum income requirement for personal loan applicants to 15,000 baht per month from 30,000 baht to widen its customer base. Despite a relaxation in loan criteria, the bank expects to control bad debts by using a debt collection system and database. "In my opinion, the improving economy is a positive factor naturally controlling non-performing loans," he said. The bank entered the personal loan market in Thailand four years ago and has a market share of 2%. Competition in this unsecured loan market is expected to intensify this year, supported by better economic conditions. Outstanding personal loans in the industry totalled 216.39 billion baht and are expected to grow by 20% in 2010. Mr Wichit said the bank planned to increase the number of sales staff for personal loans, particularly for telesales. Moreover, the bank plans to speed up loan approvals and provide more convenience to attract new customers. Interest rates for the bank's personal loans are 20-28% per year, depending on the credit line of each customer, while the Bank of Thailand allows a maximum rate of 28% per year. The bank offers clients loans of up to five times their monthly salary and a repayment period from 12 to 60 months. HSBC launched the More Cash promotion yesterday, offering a zero-percent rate for the first month plus a cash voucher worth up to 5,000 baht for a minimum loan amount of 100,000 baht. The campaign ends on Feb 28. Relate Search: HSBC Thailand, Wichit Phayuhanaveechai Five Filters featured article: Chilcot Inquiry. Available tools: PDF Newspaper, Full Text RSS, Term Extraction. |
| Posted: 06 Jan 2010 12:00 AM PST LONDON, Jan. 6 /PRNewswire/ -- With effect from Tuesday 5 January 2010, Nationwide will be introducing a new personal loan rate of 7.6% APR typical for loans of between 7,500 pounds Sterling and 14,999 pounds Sterling for up to five years for its main FlexAccount customers (http://www.nationwide.co.uk/loans/default.htm). This is the lowest rate in the UK and the same low rate applies whether the loan is taken out through a branch, over the telephone or via the Internet. Nationwide's market leading personal loan rate could be a welcome boost for those wishing to consolidate their debts, as debt consolidation typically sees a rise in the post-Christmas period. For example, in January 2009 alone, almost 60% of all loans issued were for debt consolidation purposes. On top of this, January-March 2009 saw more than 115,000 additional debt queries – an increase of over 25% – than the previous three months. If a customer takes out a personal loan to consolidate existing credit card debt, they may be able to reduce their monthly outgoings and save interest. With economic conditions still difficult, debt consolidation could be considered as a potential way to reduce monthly outgoings as well as reducing the overall amount of interest payable on low rate personal loans. Richard Napier, Nationwide's head of credit cards and personal loans, said: "Our new market leading personal loan rate represents a great start to the New Year for those looking for a cheap personal loan deal. "For those who may have spent too much over the Christmas period and have several outstanding debts, a personal loan at a highly competitive rate may be the best solution. A personal loan could help reduce monthly outgoings into one manageable debt with fixed monthly repayments, helping people make the most of their hard earned money. "This also shows the benefits of our FlexAccount, as no lender on the high street, Internet or supermarket can beat our rate." You can set up a Nationwide FlexAccount bank account here. Five Filters featured article: Chilcot Inquiry. Available tools: PDF Newspaper, Full Text RSS, Term Extraction. |
| Nationwide Building Society Offers New UK Low Rate Personal Loans at 7.6 Percent (PRWeb) Posted: 06 Jan 2010 12:11 AM PST The Nationwide Building Society now offers the lowest personal loan rate in the UK, at 7.6% for regular FlexAccount customers. London, UK (PRWEB) January 6, 2010 -- With effect from Tuesday 5 January 2010, Nationwide will be introducing a new personal loan rate of 7.6% APR typical for loans of between £7,500 and £14,999 for up to five years for its main FlexAccount customers (http://www.nationwide.co.uk/loans/default.htm). This is the lowest rate in the UK and the same low rate applies whether the loan is taken out through a branch, over the telephone or via the Internet. Nationwide's market leading personal loan rate could be a welcome boost for those wishing to consolidate their debts, as debt consolidation typically sees a rise in the post-Christmas period. For example, in January 2009 alone, almost 60% of all loans issued were for debt consolidation purposes. On top of this, January-March 2009 saw more than 115,000 additional debt queries – an increase of over 25% – than the previous three months. If a customer takes out a personal loan to consolidate existing credit card debt, they may be able to reduce their monthly outgoings and save interest. With economic conditions still difficult, debt consolidation could be considered as a potential way to reduce monthly outgoings as well as reducing the overall amount of interest payable on low rate personal loans. Richard Napier, Nationwide's head of credit cards and personal loans, said: "Our new market leading personal loan rate represents a great start to the New Year for those looking for a cheap personal loan deal. "For those who may have spent too much over the Christmas period and have several outstanding debts, a personal loan at a highly competitive rate may be the best solution. A personal loan could help reduce monthly outgoings into one manageable debt with fixed monthly repayments, helping people make the most of their hard earned money. "This also shows the benefits of our FlexAccount, as no lender on the high street, Internet or supermarket can beat our rate." You can set up a Nationwide Flexaccount bank account here. Contact: ### Post Comment: Bookmark - Del.icio.us | Furl It | Technorati | Ask | MyWeb | Propeller | Live Bookmarks | Newsvine | TailRank | Reddit | Slashdot | Digg | Stumbleupon | Google Bookmarks | Sphere | Blink It | Spurl Five Filters featured article: Chilcot Inquiry. Available tools: PDF Newspaper, Full Text RSS, Term Extraction. |
| Posted: 05 Jan 2010 11:01 PM PST The Nationwide Building Society now offers the lowest personal loan rate in the UK, at 7.6% for regular FlexAccount customers. London, UK (PRWEB) January 6, 2010 -- With effect from Tuesday 5 January 2010, Nationwide will be introducing a new personal loan rate of 7.6% APR typical for loans of between £7,500 and £14,999 for up to five years for its main FlexAccount customers (http://www.nationwide.co.uk/loans/default.htm). This is the lowest rate in the UK and the same low rate applies whether the loan is taken out through a branch, over the telephone or via the Internet. Nationwide's market leading personal loan rate could be a welcome boost for those wishing to consolidate their debts, as debt consolidation typically sees a rise in the post-Christmas period. For example, in January 2009 alone, almost 60% of all loans issued were for debt consolidation purposes. On top of this, January-March 2009 saw more than 115,000 additional debt queries – an increase of over 25% – than the previous three months. If a customer takes out a personal loan to consolidate existing credit card debt, they may be able to reduce their monthly outgoings and save interest. With economic conditions still difficult, debt consolidation could be considered as a potential way to reduce monthly outgoings as well as reducing the overall amount of interest payable on low rate personal loans. Richard Napier, Nationwide's head of credit cards and personal loans, said: "Our new market leading personal loan rate represents a great start to the New Year for those looking for a cheap personal loan deal. "For those who may have spent too much over the Christmas period and have several outstanding debts, a personal loan at a highly competitive rate may be the best solution. A personal loan could help reduce monthly outgoings into one manageable debt with fixed monthly repayments, helping people make the most of their hard earned money. "This also shows the benefits of our FlexAccount, as no lender on the high street, Internet or supermarket can beat our rate." You can set up a Nationwide Flexaccount bank account here. Contact: ### Nationwide Building Society Five Filters featured article: Chilcot Inquiry. Available tools: PDF Newspaper, Full Text RSS, Term Extraction. |
| HSBC expects big jump in personal-loan business (The Nation - Thailand's English news) Posted: 05 Jan 2010 02:09 PM PST
Wichit Phayuhanaveechai, head of personal financial services, yesterday said the improving economy and people's growing confidence made it a good time to expand every type of personal loan, including credit-card business, after the bank had to tighten lending criteria last year. "Inflation is increasing after having been in negative territory, and interest rates are expected to increase in the second half of the year. There are many factors boosting consumer spending," he said. Wichit said the bank had only been in the personal-loan business for about four years. Last year it was very cautious in its lending by focusing on those with a minimum monthly salary of Bt30,000, which resulted in the loan portfolio remaining flat. The current state of the economy means the bank is ready to expand the business again, he added. HSBC has a personal-loan portfolio of less than Bt10 billion, but it expects to double this figure within two years. According to the Bank of Thailand, the country's overall personal-loan market is Bt216 billion. Wichit expects market expansion of at least 20 per cent this year. "We have lowered the minimum income of borrowers from Bt30,000 to Bt15,000, therefore we have a larger target group. Besides, the bank has formed a new sales team, which has experience in credit approval, in order to maintain loan quality. "We also need unlimited telesales staff in order to increase loan accessibility, as it is our main channel of lending. Therefore, at the end of this year the personal loans of the bank will have grown more than 50 per cent," said Wichit. He said the bank would also satisfy its customers' needs by offering quick approvals, possibly within one day. The maximum credit line at the bank is five times an applicant's salary and the instalment period is 12-60 months. In order to achieve the target, HSBC will launch several campaigns and promotions. The first of these will be zero-interest repayments in the first month for those applying for a personal loan until the end of February. Applicants will also receive gift vouchers worth Bt500 to Bt5,000 if borrowing at least Bt100,000. Borrowers will be charged interest at 20-28 per cent, depending on the approved credit line. The higher the credit line, the lower the interest rate. Meanwhile, Kasikornbank is offering zero-interest loans for the first three months for its mortgage borrowers, after which they can choose from six types of interest rate: a fixed 1.5 per cent or the minimum lending rate minus 3 percentage points in the fourth to 12th months; a fixed 4.25 per cent or MLR minus 0.75 percentage point in the fourth to 24th months; and a fixed 5 per cent or MLR minus 0.25 percentage point in the fourth to 36th months. After that, borrowers will be charged at MLR, which is currently 5.85 per cent. Five Filters featured article: Chilcot Inquiry. Available tools: PDF Newspaper, Full Text RSS, Term Extraction. |
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