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Get more loan even if you’re already making installment payments!

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Conditions
1. Valid for customers having a car with lien at a finance company/another financial institution per the conditions as determined by KASIKORN Leasing Co., Ltd. (the “Company”) who wish to apply for Car to Cash - car registration transferred or non-transferred. After loan is pre-approved, customer is recommended to settle their installment payment with the existing finance company/financial institution so that the car will become lien-free; thereby the customer’s name will be specified in the car registration book as the car owner. Then, the customer can disburse the approved loan upon submission of the car registration book and other required documents. 
2. To apply for and get pre-approval of Car to Cash - car registration transferred or non-transferred, with balance transfer, customers must meet the following criteria:
2.1 The car must be in the customer’s possession for not less than six months as shown in the car registration book. The customer must have an existing debt obligation with a finance companies/financial institution as determined by the Company. 
2.2 Conditions for approving finance companies/financial institutions are determined by the Company.
2.3 Difference between the debt amount to be settled with the existing finance company or financial institution and the pre-approved loan amount granted by the Company must not be less than 50,000 Baht.
3. Loan approval including criteria and other conditions are determined by the Company.
4. The Company reserves the right to change conditions as it deems appropriate without prior notice.

*Note: Calculation of installment payment amount which starts at 55 Baht/day* is based on monthly installment rate (30 days) and a loan amount of 100,000 Baht with a flat rate of 3.10 percent, p.a. for a period of 72 months (interest rate subject to car age and installment payment period). Daily installment payment amount is exclusive of VAT.


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FAQ

Can I use a car with an existing lien to apply for this type of loan ?
Yes. You can use such a car to apply for Car to Cash - car registration transferred or non-transferred - with balance transfer. You must settle your debt with existing finance company/financial institution (debt amount to be settled as requested) and consider the following:
- Will you get more loan, and if so, what is the difference from the existing loan ?
- Will the new installment amount be lower, or relatively unchanged ?
- Will the promotion be a more attractive option? For instance, you should consider if the interest rate charged is lower, installment period is longer and monthly installment amount is lower.

What is Car to Cash - car registration transferred or non-transferred - with balance transfer ?
It is a loan offered to an individual customer having a car financed with a finance company/other financial institution. After the loan is pre-approved, customers are recommended to close the account with their existing financial company/other financial institution to make the car lien-free so that the customer’s name will appear in the car registration book as the car owner. Subsequently, the customer can disburse loan approved by the Company upon presentation of the car registration book together with other required documents. 
What are the conditions for Car to Cash (car registration transferred or non-transferred) with balance transfer ?

To apply for this type of loan and be pre-approved, customers are subject to the following conditions:
1. Customer’s name must appear in the car registration book to show that the car has been in their possession for not less than six months, and they must have debt obligation with finance companies/other financial institutions as determined by the Company.
2. Conditions for approving finance companies/other financial institutions are determined by the Company.
3. The difference between the loan amount to be settled with the existing finance company or other financial institution and the pre-approved loan amount offered by the Company must not be less than 50,000 Baht.​
Can auto loans from all finance companies/other financial institutions be refinanced ?
Yes. However, customers having a car with a lien at a local finance company must close their existing account by themselves. They are not allowed to use the service offered by our outsourced company responsible for car registration book transfer.
What are the interest rates for Car to Cash - car registration transferred - with balance transfer ?
Customers may choose one of the following interest rates:
1.1 Flat interest rate: Starting at 3.10 percent, p.a., or
1.2 Effective interest rate: Starting at 9.50 percent, p.a.​
What is the interest rate for Car to Cash - car registration non-transferred - with balance transfer ?
 Effective interest rate: 12 percent, p.a.
What is the age of cars that are eligible for Car to Cash - car registration transferred or non-transferred - with balance transfer? And what is the refinancing term ?

Eligible cars must be registered during 2006-2021, which means that eligible cars must not be more than 16 years beyond the registration date. The loan term must not be more than 21 years.

For how long must the car used as collateral against loan be in my possession ?
Customers must have held possession of the car for at least six months, and the car must be lien-free before this loan is offered by the Company.
To apply for Car to Cash - car registration transferred - with balance transfer, does the car need to have insurance coverage? How long must the insurance coverage last ?

Customers must have motor insurance (Type 1, Type 2 or Type 2+) with remaining coverage of not less than 30 days (one month). If there is no insurance coverage or the coverage expires before the customer applies for the loan, the customer may purchase insurance by themselves. For greater convenience, customers may ask for more details on insurance from their loan officer or Progress Multi-Insurance Broker Company Limited.

What fees do customers have to pay for Car to Cash - car registration transferred - with balance transfer ?
1. Car ownership transfer fee: 1,200 Baht
2. Stamp duty (for car ownership transfer): 0.50 percent of approved loan amount
3. Other expenses (if any): The Company has no involvement with any operations undertaken by the provider of car registration book service that the customer contacts by themself.
What fees do customers have to pay for Car to Cash - car registration non-transferred - with balance transfer ?
1. Stamp duty: 0.50 percent of approved loan amount, which must not be more than 10,000 Baht
2. Other expenses (if any): The Company has no involvement with any operations undertaken by the provider of car registration book service that the customer contacts by themself.​
What documents are required for Car to Cash - car registration transferred - with balance transfer ?

1. Two copies of national ID card/passport/work permit
2. A copy of account statement with entries during the past six months
3. Salary slip or certificate / documents related to occupation/business (in case of business owner/proprietor)
4. A copy of car registration book (only the relevant page)
5. Motor insurance policy (Type 1, Type 2 or Type 2+) with remaining coverage of not less than 30 days (one month)
6. Documents showing the account closure with a finance company/other financial institution or most recent invoice
What documents are required for Car to Cash - car registration non-transferred - with balance transfer ?
1. Two copies of national ID card/passport/work permit
2. A copy of account statement with entries during the past six months
3. Salary slip or certificate / documents related to occupation/business (in case of business owner/proprietor)
4. A copy of car registration book (only the relevant page)
5. Documents showing the account closure with a finance company/other financial institution or most recent invoice
When will customers be able to disburse the approved loan ?
Customers can disburse loan within 5-30 business days after their documents are completely submitted to the Company.


What are the different features between Car to Cash - car registration transferred or non-transferred - with balance transfer, and Car to Cash - car registration transferred and Car Registration Loan ?
Features of these loans are as follows: 
1. Car to Cash - car registration transferred or non-transferred - with balance transfer: As of the application date, the customer’s car is not lien-free, as the customer still has the debt obligation with a finance company/other financial institution.
2. Car to Cash - car registration transferred and Car Registration Loan: As of the application date, the customer’s car is lien-free, and the customer is the car owner as shown in the car registration book.
Will customers who have applied for Car to Cash - car registration transferred or non-transferred - with balance transfer, but opting to process the account closing with the existing finance company/other financial institution by themselves (they do not use the car registration book service with the outsourced company recommended by the Company) be allowed to switch to Car to Cash - car registration transferred and Car Registration Loan ?
Yes. As it is another type of loan, the loan application is subject to the loan approval process for Car to Cash - car registration transferred and Car Registration Loan, which takes around 1-2 business days.
Which customer group is eligible for Car to Cash - car registration transferred or non-transferred - with balance transfer ?​

1. For Car to Cash - car registration transferred - with balance transfer, both individual and juristic customers qualify.
2. For Car to Cash - car registration non-transferred - with balance transfer, only individual customers qualify.