Krungsri Auto’s Car for Cash refinancing product extended
Krungsri Auto’s Car for Cash refinancing product is being extended.
Customers are being offered a 120 per cent loan-to-value ratio based on Krungsri’s estimated valuation, and low interest rates until the end of June.
The campaign, which targets customers who require cash to increase financial liquidity while keeping their cars for daily use, was launched to meet customers’ needs and is advertised across out-of-home media nationwide.
Kusumann Lowsalaraks, executive vice president, Krungsri auto marketing division, Bank of Ayudhya, said: “Initiated by Krungsri Auto 15 years ago, Car for Cash is a refinance product that continues to maintain its leading position in this segment until today.
“Regardless of customers’ changing behaviors, we constantly develop our products and services based on their feedback. In return, our products and services not only serve customer’s demands, but also provide experiences beyond their expectations.
“From our recent survey, we found that Car for Cash customers follow financial discipline strictly by spending money based on their financial ability, yet need cash for necessities such as for their daily expenses or to increase their business liquidity.
“Our Car for Cash campaign, which offers a maximum 120 per cent loan-to-value ratio, has received positive responses from customers. Therefore, we decided to extend the campaign period to June 30 for customers to enjoy more special offers in addition to the 120 per cent loan-to-value ratio from the bank’s estimated valuation, including no guarantor requirement, an accelerated approval process, and the ability to receive cash within one working day after completing the car registration book transfer.
“We are also promoting these offers on 209 out-of-home billboard signs nationwide to reach a larger number of customers who need cash to increase their financial liquidity.
“As a leader in the automotive finance market, Krungsri Auto is committed to running the business according to our ‘Responsible Lending Practices’ and we are delighted to support our customers who are in need of cash with a finance loan that is in line with each customer’s ability to pay.”
