Eco-car loans raise concern | Bangkok Post: auto

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Eco-car loans raise concern

Lax conditions may lead to higher NPLs

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Despite the overwhelming success of the government's first-time car buyer scheme, the Thai Hire Purchase Association is concerned about the quality of eco-car loans. 

Chairman Isara Wongrung said market leaders in the auto loan sector have eased conditions for finance, allowing the eco-car segment to expand its market share under the first-car programme.

Down payments of less than 20% of the car price form a key strategy to attract buyers with low ability to meet the down payment and monthly debt repayments.

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