The More You Bank, The Deeper The Discount…CKI Launches “UPL with Deeper Discount”
UPL with Deeper Discount is a product structured in such way that interest rate is discounted in stages based on the banking performance a customer has with the bank. Discount is given if certain criteria are met: main bank relationship (up to 1.0%p.a.), loan/occupation factors (up to 1.0%p.a.) and premier customer (up to 2.0%) among others. Additional 0.1% is discounted if five or more of the criteria are met, which may bring down the interest rate to as low as 5.5%.
By signing a separate agreement, an unsecured loan customer may enjoy Perfect interest cut by offsetting the loan principal with deposit balance. More specifically, 30% of balance remaining in demand deposit account may be used for deducting loan principal before calculating loan interest.
Kim Seok-Min, head of Consumer Asset Product, remarked, “We have a slew products launched or to be launched, including ‘Perfect UPL with Discount’ introduced in January which calculates interest rate after 30% of balance in up to three demand deposit accounts, including accounts held by friend or family, is deducted from loan principal. This time, we are introducing ‘UPL with Deeper Discount’ that provides steeper discounts if customers bank with us more,” and added, “This product is designed to offer more benefits to our loan customers once they bring in more business to the bank.”
The new product is targeted for employees working in eligible companies as defined by the bank between 24 and 65 and the loan amount is up to 16 times of monthly income and the maximum loan amount is 60 million Won.
Citibank Korea Inc.
Citibank had opened its first branch in Korea in 1967, and was born newly as Citibank Korea Inc. (CKI) through integration with KorAm Bank in 2004. CKI serves customers at 227 branches (as of end of 2009) in Korea by providing the first class financial products and services based on the various products and know-how of Citi with global network including more than 100 years of history and 200 million customers in more than 100 countries. CKI delivers new financial world to the customers through development of innovative financial products and services, encompassing from corporate and investment banking to consumer banking, private banking, and wealth management. Furthermore, Citibank Korea Inc., as a responsible corporate citizen, conducts diverse community activities in the areas of financial education, next generation education, woman, diversity, community, and environment consistently in corporation with sound non-profit organizations.
한국씨티은행 개요
씨티은행은 1967년 최초로 한국에 진출한 이래 45년 동안 선진 금융 서비스를 국내 고객에게 제공해 왔으며, 2008년 글로벌 금융위기 때 8억불을 증자해 국내 외환시장 안정에 기여했고, 1970년대 석유 파동시 2억불 차관 제공으로 한국의 무역수지 개선에 기여한 공로로 수교훈장 ‘숭례장’을, 1997년 외환위기 당시 240억불 대외 부채 상환 연장에 기여한 공로로 수교훈장 ‘흥인장’을 받는 등 한국 경제가 어려움에 처할 때에 곁에서 힘이 돼 준 친구 같은 은행이다.
웹사이트: http://www.citibank.co.kr
연락처
Kim Soo-Yeon
Communications Dept., Citibank Korea
+82 2 3455 2336
