Bank of Thailand ‌to Revise Joint Lending Criteria for‌ Car Loans

The Bank​ of ⁢Thailand is set to revise the criteria for joint lending to include family‌ income, making it easier ⁤for individuals to purchase a car.‍ This change is expected to be completed ​by the ⁤end of the year.

Impact on the Automotive ⁢Industry

Motorcycle ‌dealers, such⁤ as JKH Chiamkimha, have pointed out that finance companies are not ‍providing‌ loans, instead asking for a lower down payment, resulting ⁣in a significant decline in sales.

Banking Industry ⁢Response

Five ‍major⁤ banks have accepted the Bank of Thailand’s decision‌ to modify the ‌criteria for joint lending for car loans.‍ This⁤ move is ⁢expected to boost ⁢car sales and provide more⁣ opportunities for individuals ⁤to ⁤purchase vehicles.

Relaxing Joint ​Loan Criteria

The National ‌Bank ​is preparing to relax the ‍joint ‌loan criteria to ‍combine family⁣ income, solving the problem of insufficient income ‌to‌ secure a loan. This‌ change will make⁣ it easier for families to purchase cars.

Revised Criteria for Car Loans

The Bank of Thailand has revised the criteria for car loans, allowing for joint loans with family members and ‍relatives. This change is‍ expected to increase car sales and⁣ provide⁤ more opportunities for ⁢individuals‍ to purchase vehicles.

Keywords: Bank of Thailand, joint lending, car loans, family income,‌ automotive‍ industry, banking industry.