Krungsri Auto readies aid for flood victims

General Press Releases Monday September 16, 2019 10:46
Bangkok--16 Sep--FleishmanHillard Thailand
Krungsri Auto, a leader in automotive finance under Bank of Ayudhya PCL, has extended help to flood victims in the Northeast and the North in order to alleviate the hardships and burdens of affected customers.

Mr. Pairote Cheunkrut, Head of Krungsri Auto Group, Bank of Ayudhya PCL, said "Regarding the ongoing flooding in the Northeast and the North, Krungsri Auto has solutions under our 'Krungsri Auto Flood Relief 2019' program to lighten the burdens of affected people in flooded areas*. The customers of all products of Krungsri Auto are eligible to defer payments for up to six months with free of any overdue payment fee and fine. If flooding affects their income, they can also have their instalments reduced by up to 40%. Besides, Krungsri Auto is lending a helping hand by offering its 'Car4Cash' to support affected customers' liquidity. The loan-to-value ratio will be offered at up to 100% and customers will have as long as 90 days before the first instalment with an unchanged interest rate. The offer is valid for loan application from September 16 to December 30, 2019."

"Krungsri Auto extends our best wishes for affected people to pass through this serious flooding. We do hope that assistance solutions from Krungsri Auto will effectively relieve customers' troubles. Details of the measures are available at telephone number 0 2740 7400 and at Krungsri Auto branches in flood-affected areas," concluded Mr. Pairote.

*Subject to Krungsri Auto's conditions

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