Citi Advance and The Mall Group Extend Partnership with Launch of New Loan Offerings

Bangkok – Citi and The Mall Group have further extended their partnership with the launch of Citi M Personal Loan and Citi M Car Cash products.

These new offerings from Citi Advance, Citi Thailand’s recently launched consumer finance brand, were trailed late last year and received a very positive response from customers. They will be available from Citi Advance branches located in five retail malls in Bangkok, which are managed by The Mall Group.

Ms. Wanna Phermsuwan, Executive Vice President, The Mall Group Co.,Ltd., said "In 2007, we partnered with Citi to offer Citi M Visa, a world-class privilege credit card to our customers. We have now strengthened this relationship by working with Citicorp Leasing to offer a more financial service options and expert advice.

“We are delighted to offer the services with Citi Advance because we share the same brand values and target customers. To provide convenience and easy access, the Advance branches in the Mall Group outlets will be open seven days a week from 11am until 8pm.”

Mr. Shahnawaz Lalani, Director of Citicorp Leasing (Thailand) Ltd, said, “Our partnership with The Mall is an excellent opportunity to further service their retail shoppers.”

He added, "Given the current economic situation, many customers are seeking new ways to better manage their personal finances. In response to this, Citi Advance not only offers a range of financial products and solutions but also advice from financial advisors.

“Our advisors are experienced and well-trained to provide tips about finance and debt management. In addition, other products such as our Unsecured Personal Loan, Secured Personal Loans for car owner and Balance Transfer and Debt Consolidation are also available - all services are offered under our ’Use Credit Wisely’ program that encourages financial responsibility and good practices.”

Product details:

* Citi M Personal Loan - An unsecured personal loan (maximum loan amount: 1,000,000 baht/Tenor range: 12 - 60 months). The interest rate and credit usage fee will be as low as 19 % per annum.
* Citi M Car Cash - A personal loan (secured by car collateral) structured as a hire purchase arrangement (loan amount: ranges from 100,000 - 750,000 baht/Tenor range: 12 - 60 months). A competitive flat interest rate is offered from 0.44% per month or 5.22% per annum.

Customers applying for a loan must have an income of 10,000 baht per month.

As well as the loan offerings, Citi Advance also offers a service guarantee program. Under the Citi Advance Guarantee, clients can have a loan approved and processed within an hour of the application.

The Citi Advance branches are located in the The Mall Ramkamhang, The Mall Thapra, The Mall Bangkae, The Mall Ngamwongwan and The Mall Bangkapi.