Located in Bangkok, we’re a low-financial economic attributes provider and you can an user out-of technical-permitted, comprehensive economic characteristics

Characteristics out-of Company

We offer a full room out of vehicles identity funds (motorcycles, cars, trucks and tractors), hire-get money to possess made use of trucks, and insurance brokerage qualities, utilising the brand of Ngern Tid Lor (“Money on Wheels”) which is infamous while in the an entire nation.

Products and services

Our very own services and products is broadly divided into two sorts: lending and you will lifetime and non-insurance broker. In our lending operations, we provide vehicles title loans and you will hire-purchase funding form of selling-leaseback arrangement.

The insurance broker business is comprised of non-lifestyle and you can coverage broker so you can shopping users otherwise customers advice in order to insurers like the provision off mandatory and volunteer system insurance policies, individual collision insurance coverage, financing commission security insurance policies, and you can medical insurance, for example disease coverage. We subdivide our low-life insurance choices towards auto insurance and you can low-car insurance, such as for instance private collision insurance coverage and medical insurance, and we also classify our lives insurance policies choices given that private safeguards insurance policies (“PPI”), which is an insurance coverage product to protect a candidate once the an enthusiastic covered if there is a life threatening incident that triggers demise otherwise disability. On top of that, we provide associated services for automobile subscription renewals and you may annual automobile tax repayments to have existing users.

The audience is committed to be a number one lender on enough time tail sector inside the Thailand, targeting offering punctual, simpler and simple money points to help you customers. We think which our energy is founded on an intensive shipments community. Since , we’d step one,286 branches round the 74 provinces during the Thailand, which happen to be supported by an extensive suggestion and online consumer engagement channels, which give us small, on-site an internet-based accessibility prospects. We do not charges pre-loan recognition fees, and we render loan getting put automobile membership as much as 25 years.

All of our financing mainly requires the type of car title financing so you’re able to somebody, that are protected from the label to help you auto including motorcycles, cars, vehicles and you may tractors. This type of fund bring a maximum annual interest rate due to the fact prescribed of the rules.

Automobile and you may motorcycle identity loans normally have a term out of several to help you sixty days. To other particular car, all of our identity financing conditions are priced between a dozen to 72 months, while the maximum chronilogical age of the underlying shielded advantage is usually 15, 20 and you will 25 years to own motorbikes, vehicles, respectively. We typically evaluate the car root the fresh title membership book you to definitely is actually introduced as safeguards physically at our branches, examining the brand, design, updates and you may ages, benchmarking these types of facts up against industry cost kept in the centralized system due to the fact based by the reliable 3rd-party valuation masters and you may our very own inner valuation masters.

And additionally auto title finance, we supply get-buy financial support for the a type of purchases-leaseback plan, which consumers sell us a beneficial used automobile we after that book back to the client. On the other hand, control of your own related automobile will transfer to the customer once such as for example customer enjoys fully paid back most of the prominent and you can desire on the finance and you can arrangements direct lenders of installment loans in Virginia. Hire-buy fund with safety granted in the form of a motorcycle just like the fundamental house often have a term out of a dozen so you can 2 yrs. Finance secure from the other kinds of car has a phrase from twelve so you can 72 days. Hire-purchase money need a secured asset proprietor to help you transfer new control and you can supply the brand new subscription of the asset, which could be, instance, a motor vehicle, a motorcycle otherwise a trailer, so you can us and also as protection. Possession of vehicles is just transferred to the users shortly after the new financing and you can arrangement is totally paid (business and you will leaseback).