Summit Capital’s personal loan programme a big success
Summit Capital Leasing Co Ltd, a retail loan provider, has seen a 24-per-cent growth in its personal loans business in fiscal 2016. The company attributed its success to its effective customer screening system and quick credit approval where the borrower receives credit approval within 1-2 working days – the quickest within a day.
The company aims to increase the number of total sales representatives to 200 persons and achieve a 114-per-cent growth in new loans by the end of fiscal 2017.
Wichit Phayuhanaveechai, chief executive officer of Summit Capital Leasing, said the company launched Summit Capital Personal Loan in the middle of June 2016 and at the end of fiscal 2016 personal loan approvals had seen a growth of 24 per cent.
“The success of Summit Capital Personal Loan is due to our professional sales team, who understand customers. The quickness of credit approval by our experts enables borrowers to receive cash within 1-2 working days. The quickest is within a day,” he said.
“From Thursday until July 31, 2017, customers who receive credit approval from Bt60,000 and up will be offered a lower interest rate of 13.50 per cent per annum for the first six months. And from the seventh month on, the interest rate would depend on the approved credit amount. The maximum effective interest rate is 28 per cent per year. The maximum credit amount must not exceed five times the borrower’s income and a maximum of a million baht. Instalment payments range from 12-60 months,” Wichit said.
The company currently has more than 50 sales persons.
As incentive, the company is offering five days and three nights travel package to South Korea to 28 sales people with the best sales performance.
“The company has set a target to achieve a 225-per-cent growth in account receivables, growth of a new loans by 114 per cent and non-performing loans of not more than 1.2 per cent this year,” Wichit said.
