"Loan switch weeks" at BAWAG P.S.K.

  • Reducing costs was so easy once before – the successful campaign is being repeated

 

Vienna, 15 May 2017 – Loan costs can now be reduced very simply again. Customers with consumer loans from another bank stand to profit when they have their loan checked by BAWAG P.S.K. They will either be offered a loan with better conditions, or will be given EUR 100 as a thank you for their time if their current loan offers better conditions. 

Roughly 40% of borrowers use a new consumer loan to pay off an existing loan, to increase a line of credit, or to cover their account. To this end, BAWAG P.S.K. is now reaching out again to all loan customers at other banks with a very attractive offer: “lower interest, no costs”. This campaign is aimed at allowing BAWAG P.S.K. to further grow its lending business. One in six consumer loans in Austria is already granted by BAWAG P.S.K.

 
“Loan switch weeks” – lower interest, no costs

Anyone who comes to their nearest BAWAG P.S.K. branch with an existing consumer loan agreement with a different bank, their last three pay slips, and a valid photo ID during the “loan switch weeks” until 30 June 2017 will be offered a BAWAG P.S.K. KreditBox with better conditions, a 0% processing fee, and a lower nominal interest rate than offered by their old bank, provided that they pass a credit check.

If BAWAG P.S.K. is unable to offer better conditions despite a positive credit check because the rate offered by the other bank is already so low, BAWAG P.S.K. will transfer EUR 100 to the prospective customer’s bank account as a thank you for taking the time to compare interest rates.


Freshening up your old loan

The loan switch weeks are being accompanied by humorous advertisements from the campaign titled “Freshening up The loan switch weeks are being accompanied by humorous advertisements from the campaign titled “Freshening up your old loan” from the life of FC Wohlenegg.

 

Contact:

BAWAG Group Communications

Tel: +43 (0) 5 99 05-31210

communications@bawaggroup.com