Krungsri Auto announces additional relief measures, offering a minimum of two-month grace period of repayment for both hire-purchase and automotive refinance

Wednesday 21 July 2021 14:05
Krungsri Auto, a leader in automotive finance under Bank of Ayudhya PCL, announced the additional measures to support customers impacted by the latest COVID-19 control measures, following the Bank of Thailand's guidelines. The relief program offers a minimum of a two-month grace period of repayment* for all automotive finance products, reaffirming Krungsri Auto's commitment to supporting customers in overcoming the crisis.
Krungsri Auto announces additional relief measures, offering a minimum of two-month grace period of repayment for both hire-purchase and automotive refinance

Mrs. Kittiya Srisanit, Head of Krungsri Auto Group, Bank of Ayudhya PCL, said, "Krungsri Auto has continued to offer supportive measures for all automotive finance customers impacted by the latest wave of COVID-19 since the middle of the second quarter of 2021. With the rising daily confirmed COVID-19 cases and the widespread impact of the disease, Krungsri Auto offered additional assistance measures in accordance with the Bank of Thailand's guideline of providing aids to borrowers who have temporarily closed their businesses due to the disease control measures. The relief program offers a minimum of two-month grace period of repayment* for all automotive finance products, covering both hire-purchase and refinance, along with additional measures for customers who have been severely impacted."

Krungsri Auto customers seeking assistance can submit their requests through the website service.krungsriauto.com:8443/…n-cv19/ and GO Application by Krungsri Auto between 19 July 2021 - 15 August 2021. For more information, please contact Krungsri Auto Call Center 02-740-7400 press 3 or press 5 and Krungsri Auto branches nationwide.

"For customers who have been severely impacted, Krungsri Auto stands ready to provide additional assistance in response to Bank of Thailand's measures and provide consultation in line with our Responsible Lending practice. We are committed to alleviating customers' concerns on financial burdens and supporting them in overcoming this crisis," concluded Mrs. Kittiya.

*Terms and conditions as designated by Krungsri Auto.

Source: FleishmanHillard Thailand