car loan
- Thailand News
Four arrested for abduction over car loan dispute in Chanthaburi
Four men audaciously attacked a 50 year old man, binding his hands and feet before abducting him in a taxi headed towards the Aranyaprathet border in Sa Kaeo province. Police intervened promptly, apprehending the suspects just 24 minutes after the incident was reported. The incident unfolded outside a convenience store in the Kluang district of Chanthaburi. A vigilant citizen reported…
- Business News
Krungsri Auto predicts minimal growth in new auto loans despite EV boom
Krungsri Auto, Thailand’s leading auto loan provider, predicts a mere 0.4% increase in its new auto loans for 2024, despite the anticipated boom in electric vehicle (EV) sales at the upcoming 45th Bangkok International Motor Show. This forecast was shared by Congsin Congcar, the head of Krungsri Auto Group, after the company issued over 223 billion baht in new auto…
- Business News
Thai banking industry faces hurdles amid high auto loan rejections
Last year’s robust profits from the Thai banking industry stirred debates, as critics pointed to excessively high interest rates. The sector witnessed a 17.8% surge in net interest income (NII) to 727 billion baht (US$20.2 billion) in 2023, up from 617 billion in 2022. The five biggest banks by assets contributed significantly to this rise with an increased net interest…
- Automotive
Can foreigners get a car loan in Thailand?
Whether you’re eyeing up that sassy sedan or that rugged 4×4 in a Thai car dealership, there’s just one niggling question lurking in the shadows. How are you, as an expat, going to afford your gleaming new motor? Hand on heart, it’s quite normal to feel a right pickle about finance options in a foreign land. Don’t worry, though; we’ve…
- Thailand News
Elderly Thai farmer pleads for justice after losing land over friend’s unpaid car loan
An elderly Buriram farmer today made an emotional plea for justice after being sued over a car loan she cosigned for her friend’s step-niece. Unfortunately, the dispute has escalated into her losing over nine acres of farmland and her adjoining garden property, rendering her both landless and without the means to earn a living. Sixty-seven year old Sa-ngsop Namprai had…
