Thai Credit Retail Bank launches 9.99% personal loan TCRB disrupts the market with the lowest interest rate, up to 2 years

Wednesday 01 June 2022 14:44
Thai Credit Retail Bank (TCRB) is disrupting the Personal Loan market in Thailand by offering revolving loans at a 9.99% interest rate, the lowest in the market, for up to two years, the longest promotion period that will truly help customers manage their debt burden. Offering the highest loan limits of THB 2 million as an added feature, the personal loan called "Reverse to Start" is aimed at salaried employees who want a clean start by refinancing their existing personal loan debts or simply want to consolidate their existing debts to reduce and better manage their monthly instalments.
Thai Credit Retail Bank launches 9.99% personal loan TCRB disrupts the market with the lowest interest rate, up to 2 years

TCRB is launching Reverse to Start to address the growing frustrations that salaried workers are feeling with mounting debts that are increasingly difficult to manage.

"From our research, we found a clear customer pain point that is caused by fragmented loans which are difficult to keep track of. As a result, customers felt like their mounting debt burden was swallowing them. We launch 'Reverse to Start' to help ease the customers anxieties so that they could streamline their debts into one manageable pipeline with a 9.99% interest rate, the lowest interest rate in the market, for up to two years, the longest promotion period that will give salaried employees a true solution to manage their debt burden." explained Mr. Roy Agustinus Gunara, Managing Director of TCRB.

As an added benefit, TCRB's Reverse to Start does not require customers to have a guarantor nor collateral. Eligible customers only need to earn a minimum fixed income of THB 30,000 per month with working experience no less than four months, noted Mr. Veeravet Chaiyawan, Assistant Managing Director of TCRB's Retail and Wealth Banking Group.

Added Mr. Gunara, "The cornerstone of TCRB is that Everyone Matters. With rising household debt, we are seeing the challenges that good consumers are facing to overcome their high debt burden. TCRB's 'Reverse to Start' personal loan gives hard working customers a simpler option, allowing them the ability to (re)start their personal finances with a clean slate that is much more manageable."

TCRB is launching an online video through social media including YouTube and Facebook to support "Reverse to Start". The video portrays a Customer who is left with no way out, with no relief from the debts and insurmountable informal loans that he accumulated. The video employs a reverse narrative taking the audience back in time to trace how the Customer got into such financial disrepair with a beacon of light at the end providing an alternative solution offering the "Reverse to Start" product from a TCRB representative.

Reverse to Start launches from 1 June 2022 and will end in 30 September 2022. In addition, TCRB's Reverse to Start booth will be held in leading department stores and office buildings in Bangkok through the second half of 2022. For more information call 02 6975454 to contact TCRB Call Center.

Source: The Thai Credit Retail Bank