Thailand-based Bank of Ayudhya (BAY) has launched a new service ‘KRUNGSRI Smile Cash Line Cash Card’ for personal loans. This card provides credit limit of approximately $30,000 with exemption for withdrawal fee and annual fee for a lifetime. Moreover, the customers can withdraw cash instantly from ATMs across the country.
The bank stated that the customers can manage their money by themselves by choosing minimum repayment of 3% of the principle plus interest (at least THB 500) or full amount. It added that interest rate will be calculated on the daily basis of the lending period. Every time customers repay their money, they will receive credit limit back for the next withdrawal.
Roy Gunara, Head of Consumer Banking, Bank of Ayudhya revealed that BAY has increased convenience to ensure total customers’ satisfaction by developing ‘KRUNGSRI Smile Cash Line Cash Card’ for cash withdrawal from ATMs.
