Tighter auto loan measures will help standardise the industry, said Pompet Rasanon, executive vice-president of automotive lending. TBank's auto loan borrowers' DSR averages 50% and it requires a minimum down payment of 15% for new car loans. Auto loans are an area the central bank is monitoring because of strong demand and an increase in soured loans. Digital lending under the online-to-offline platform would also support the bank's auto loan expansion. With the longest auto loan instalment period at 96 months, borrowers' financial burden servicing the debt is not be too high, he said.

Source: Bangkok Post May 27, 2019 22:41 UTC