Auto Loan (New Car)
Interest from remaining balance. Fixed interest for the entire contract. Get instant car ownership when your repayment is complete.
The transferee will become the hire-purchaser of the vehicle.
For borrowers with Kasikorn Bank’s savings or current account who own a K-Cyber account only
Pay through the Bank’s phone payment service by choosing “Pay for Products and Services” menu
For Kasikorn Bank ATM card or credit card owners, a
current account that is bound with the card is required. Application for accounts and cards can be made at every Kasikorn Bank’s branches.
Fixed rate interest is an interest rate that will remain stable and independent from a Bank’s capital. Fixed interest rate will retain its figure throughout the hire-purchase contract or the agreed time frame e.g. 7% interest rate for a period of 4 years.
Beginning installment means paying for the first repayment immediately on the day a new car is delivered to a borrower. Ending installment means paying for the first repayment after a new car is delivered for 30 days. Interest rates for beginning installment is lower than its counter part.
Transferring a hire-purchase contract ownership means sending over the duty to pay for installment by contract from the previous owner to a new one. Conditions of hire-purchase remains the same. The only thing that will be changed are the names of the borrower and co-borrowers.
If the loan is settled before the agreed period, borrowers will get 50% discount off their remaining interest rate, according to Treasury Account Symbols (TAS).