I got an offer for a personal loan from Citifinancial representative via a telephone call. Being a credit card holder of their sister company then, Citibank, I presumed they liked my credit standing there to offer me such loan.
Just any other offer, certain documents needed to be prepared and fax. I like Citibank and I have no bad experience with them yet so I gave it a try. Among the features of this personal loan are competitive interest rate, flexible payment terms and amortization thru post dated checks. I find it more easily paying thru checks so that I just need to fund my checking account monthly to avoid bounce check. What good about the releasing of the proceeds is that I just need to prepare the number of checks (with details) equivalent to the number of months for the amortization and their messenger will get the PDCs from me. The loan proceeds on the other hand will be given to me upon surrendering to the messenger the PDCs right at the comfort of my office. I don't need to go to their bank or main office just to get the loan proceed, isn't that great?
For me their way of processing and releasing my personal loan is perfect. They are giving their customers options to deal with and thinking at the best convenience of their clients.