New BAY service provides $29,351 loans via ATMs

Bank of Ayudhya launched a new personal loan service with a credit limit as high as THB1,000,000 or US$29,351 through the ATM. The "KRUNGSRI Smile Cash Line Cash Card" also has an exemption for withdrawal fee and annual fee for a lifetime.

The new product allows customers to withdraw cash instantly from over 30,000 ATM pool across the nation.

"KRUNGSRI Smile Cash Line" launched in 2008 and the bank receives continued good response from customers, BAY has increased convenience to ensure total customers' satisfaction by developing 'KRUNGSRI Smile Cash Line Cash Card' for cash withdrawal from ATMs across the country," said Mr. Roy Gunara, Head of Consumer Banking, Bank of Ayudhya Public Company Limited.

"Besides, it has enhanced cash management power for customers by providing credit limit as high as THB1,000,000 together with waiving withdrawal fee, annual fee for a lifetime," he added.

Customers can manage their money by themselves by choosing minimum repayment of 3 percent of the principle plus either the interest of at least THB500 or US$14.67 or the full amount. 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.