What is K-Auto Finance (Car Registration Loan) ?
K-Auto Finance (Car Registration Loan) features loan offered to an individual applicant who holds ownership of a lien-free car with a vehicle registration pledged as collateral while the applicant is allowed to retain the possession of, and use the car as usual.
Is an applicant for K-Auto Finance (Car Registration Loan) required to transfer vehicle ownership ?
No. Loan applicant is required to sign a loan contract and a vehicle ownership transfer document which will be pledged as collateral against loan.
What is the interest rate for this campaign ?
Effective interest rate shall be applied.
What is loan amount granted for the K-Auto Finance (Car Registration Loan) ?
Loan amount is granted up to 90 percent of car appraised value; approved loan amount starts at 100,000 Baht.
What is car eligibility in terms of age ?
Eligible vehicle must be aged not more than 16 years old, and the vehicle age when combined with the loan term must not be more than 21 years old (from car registration to loan application date); the vehicle must be in good condition with no defect.