Sanwa Bank California Loan Rates Surface in Cyberspace; Bank's Web Site Now Features Current Interest Rates for Consumer and Mortgage Loans

Business Wire, Jan 31, 2001

Business Editors

LOS ANGELES--(BUSINESS WIRE)--Jan. 31, 2001

Shopping for great loan rates just got a little easier because Sanwa Bank California is now listing its most popular loan rates on its Web site: www.sanwabank.com.

Sanwa's Web site now shows current interest rates for home mortgage loans, home equity loans and lines of credit, and vehicle loans. The rates are continuously updated to ensure the most current information is available to the public.

Gene Galloway, Executive Vice President of Sanwa's Community Banking Division, says listing the rates on the bank's Web site is just one of the many ways Sanwa is enhancing the whole concept of relationship banking.

"We want to make it easier for customers to get the information they want, whether it's in person, on the Web or on the phone," said Galloway. "With interest rates falling, more people want timely information on current loan rates and Sanwa wants to give them the instant access they are looking for."

In conjunction with listing its loan rates, Sanwa provides a "personal calculator" page to assist potential borrowers. The calculator page can answer many commonly asked questions about the loan such as what monthly payments would be, what term of loan should be chosen and what the tax savings would be.

By "plugging-in" the specified information, customers can get detailed answers that will help them make a better informed decision as to what loan program is right for them.

Potential borrowers can still apply for a loan online, over the phone or in person at one of Sanwa's 107 California branches.

Sanwa Bank California, with over $9 billion in assets, is the third largest bank headquartered in California and provides a full range of personal, business, international and trust services through a network of more than 100 branches statewide. Sanwa Bank California is the largest and most profitable subsidiary of The Sanwa Bank Ltd., one of the largest financial institutions in the world.

Note: Sanwa Bank news releases are available via fax by dialing NewsOnDemand toll free at 888-329-5714.