When you are considering about Borrow money using cars [ยืมเงินโดยใช้รถ, which is the term in Thai], you can go on reading to find out how to take these types of loans.

VEHICLE LOAN ELIGIBILITY CRITERIA

Salaried people, as well as self-employed experts as well as business people between the age group of 21-60 years, can make use of a car loan for a duration of 1 year to 7 years.

CAR LOAN AMOUNT

Get financing on a wide range of cars as well as multi-utility cars

Enjoy 100% on-road money on your New Car Loan

ABSOLUTELY NO REPOSSESSION FEES

Zero Repossession after 24 months of payment

Minimum Documents

Identification as well as address evidence files as approved by a financial institution, Earnings Proof: Most current salary slip with a statement of last 6 months bank declaration.

FLEXIBLE REPAYMENT

A variety of plans to select from Adaptable Payment Schemes, Tip-Up, Balloon EMI Options

VEHICLE LOAN TENURE

The majority of the banks supply vehicle loans for an optimal period of 7 years. If you request longer repayment tenure, your EMI for vehicle loan will be lesser.

CAR LOAN

A vehicle loan is a sort of safeguarded car loan, which suggests that the debtor needs to up a useful thing to act as collateral. If the borrower is unable to pay back the finance, the lending institution can then seize the collateral, as well as offer it to redeem their losses. Because Vehicle loans are used to purchases automobiles, the automobile that is being acquired is what acts as collateral.

RECORDS REQUIRED

Availing an Auto Loan with a private financer or bank is basic. The only documents you will need for a Vehicle loan, Identity as well as address evidence papers as approved by Bank, Revenue Evidence: Latest wage slip with the bank statement with last 6 months financial institution statement.