Krungsri Auto brings in full suite of innovation to deliver new experience at Motor Show 2022

Stocks News Monday March 21, 2022 11:10 —PRESS RELEASE LOCAL

Krungsri Auto brings in full suite of innovation to deliver new experience at Motor Show 2022

Krungsri Auto, a leader in automotive finance under Bank of Ayudhya PCL, reinforces its position as the digital market shaper by delivering digital auto financing service on GO Application by Krungsri Auto at Bangkok International Motor Show 2022. With a Customer-based lending approach, consumers will be able to make car and motorcycle purchases that are in line with their needs and financial capability. Krungsri Auto also invites customers to participate in the "Krungsri Auto Electrifies the Future" project, in which every 600 baht of new lending volume at Motor Show counts into one-baht donation for providing solar energy system for five schools in remote areas.

Mr. Congsin Congcar, Head of Krungsri Auto Group, Bank of Ayudhya PCL., stated, "With our commitment to innovating our auto finance service, Krungsri Auto has leveraged technology to deliver delightful experiences to customers, including in our service at Motor Show for the past 12 years. This year, Krungsri Auto is bringing in the digital auto lending innovation on GO Application by Krungsri Auto, with the Customer-based Lending approach, for customers to apply for loans without additional document submission and make automobile purchases that are best suited to their needs and financial capability."

In responding to the growing demand for electric vehicles in Thailand, Krungsri Auto strives to capture the electric automobile lending market by offering a starting interest rate of 1.49% or customers can choose the option of a worry-free 90-day free drive campaign. The promotion is part of Krungsri Auto's efforts to increase use of electric vehicles and encourage wider adoption.

Additionally, Krungsri Auto offers various special promotions at Motor Show 2022 across all products, along with 15-minute approval. Krungsri New Car offers a maximum instalment of 84 months with a down payment starting at 5% and upto 11,000-baht Krungsri Gift card when applying for loans via the digital lending platform. Customers applying for Krungsri Motorcycle and Krungsri Big Bike loans will receive a maximum instalment of 72 months, 0% minimum down payment, 500-baht petrol card and up to 8,000 The1 points, when applying via online channels.

At the concurrent 13th Bangkok Used Car Show, customers interested in purchasing used vehicles can also apply for Krungsri Used Car loans, with a maximum instalment of 84 months and 15-minutes approval, among other premiums.

"Moreover, Krungsri Auto hopes to use Motor Show to extend our support in creating learning opportunities for students in remote areas with the "Krungsri Auto Electrifies the Future" project. One baht from every 600 baht of new lending volume at Motor Show will be contributed to fund the installation of solar energy systems at five schools in Chiang Mai, Mae Hong Son, and Kanchanaburi with the goal of improving the children's future through renewable energy."

"Together with our partners, Krungsri Auto stands ready to act as one of the driving forces of Thailand's automotive industry. We believe that our auto finance services at the Bangkok International Motor Show and the Bangkok Used Car Show can give any buyers a swift and convenient auto finance experience and set a new standard of adopting digital lending innovation to enhance user experiences at every touchpoint." Mr. Congsin concluded.

Those interested can visit and apply for loans at Krungsri Auto booth at the 43rd Bangkok International Motor Show at Challenger Hall 1-3, and the 13th Bangkok Used Car Show at Challenger Hall 1-2 Loading Area, IMPACT Exhibition and Convention Center, Muang Thong Thani from 23rd March to 3rd April 2022. The service provision strictly follows the preventive and control measures of COVID-19.
*Terms and conditions as designated by Krungsri Auto. For more information, please visit www.krungsriauto.com.

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