Citizens making employee-discount program public

PROVIDENCE – Citizens Financial Group had said it will offer its employee-discount program to the public for home equity and mortgage loans in response to demand from customers who want to purchase a new home, refinance current home loans, consolidate debt or make home improvements.
By extending its employee-discount program to the public, Citizens’ customers are eligible to receive a half-percent discount on new home-equity installment loans and lines of credit, as well as $250 off closing costs on a mortgage. The offer is available through Oct. 10.
“As a result of our strong underwriting criteria and prudent approach to serving the market, Citizens is well-positioned to meet customer demand in this challenging environment for homeowners,” said Joseph J. MarcAurele, president of Citizens Bank Rhode Island. “Our employee-discount program has been very well received by our colleagues and we are pleased to make the discount available to our customers. This commitment from Citizens is good for our business, good for homeowners and good for the economy.”
Citizens enables qualified customers to obtain home equity financing in as little as five days, significantly faster than the industry-average of 15 days. The mortgage application process typically takes less than 30 days.
Customers can apply for these special offers at any Citizens Bank branch. They also can call Citizens Bank at (800) 867-7283. Applications also can be obtained at CitizensBank.com.
Citizens Financial Group Inc., a commercial bank holding company with about 25,000 employees at 1,600 branches in 13 states and non-branch offices in about 40 states, is owned by the Edinburgh-based Royal Bank of Scotland Group plc.