'iPartner' for ideal vehicle loans

Pairote Cheunkrut, managing director of Krungsri Auto, as the company is known, said yesterday that the credit approval service was real-time, which helps dealers know the status of auto buyers.
The company has more than 850,000 accounts, of which 50 per cent is for new auto loans, 45 per cent for used car loans and 5 per cent for motorcycle loans. Dealers are a major channel for Krungsri Auto.
The company has also fully implemented its auto card reader through smartphones and tablets to reduce document processing |and offer quick pre-approvals. Customers will learn the result of their credit application in only 15 minutes.
The growing economy has encouraged automakers to introduce new models.
Quick service is an advantage for Krungsri Auto.
The digital trend has convinced Krungsri Auto to develop new services and new branch concepts that focus on the convenience of consumers.
The 42th branch of Krungsri Auto opened yesterday in a PTT fuel station.
Krunsri Auto Express in modern trade outlets would create a new channel and reach more consumers.
The first-car scheme and the new vehicle models in the first half of this year added Bt61 billion or 20 per cent in new loans, expanding its portfolio to Bt171 billion.
The company targets new loans of Bt66 billion in the second half, which would increase it portfolio to Bt193 billion, up 28 per cent from last year, he added.