AUTO LOANS
Banks hold rates steady as rivalry tightens
Strong competition will see commercial banks maintain auto-loan rates despite the central bank's recent rate cut.
As well, large banks are pinning their hopes on a post-flood recovery in the car industry by setting ambitious goals for consumer finance.
Narong Srichukrin, an executive vice-president of Siam Commercial Bank, said SCB expects to hold rates for auto hire-purchase debt at 2.3% to 2.4% in terms of new-car flat rates during the first half of this year.
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About the author
- Writer: Somruedi Banchongduang
- Position: Business Reporter
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