Hire Purchase Interest Rates (Percent per annum)

Customer type Individual and Juristic Person

Effective date: 1 February 2017

Flat Rate

Type of vehicle New Car Used Car
Big Bike 3.50% 5.50%
Car 2.85% 3.50%
Pickup Truck, Van 3.75% 5.00%
Taxi 5.00%
Truck 3.50% 6.00%

* The above interest rates are the initial rates which not include any promotions or discounts. The Company reserves the right to make any changes without prior notice.

Remark ** Approval of loan and interest rates applied will be up to the Company’s credit policy and approval criteria.

Effective Rate

Type of vehicle 36-48 installments 60 installments
New Car 6.00% 6.50%
Used Car 7.50% 7.75%

* The above interest rates are the initial rates which not include any promotions or discounts. The Company reserves the right to make any changes without prior notice.

Remark ** Approval of loan and interest rates applied will be up to the Company’s credit policy and approval criteria.

Comparison of Financial Lease and Hire Purchase

Detail Leasing Hire Purchase
1. Customer Juristic person Individual or Juristic person
2. Initial fund Security deposit Down payment
3. Minimum repayment period at least 36 months at least 24 months
4. Calculation of monthly lease payment/HP installment Effective Rate Using ATV formula Flat Rate
5. Guarantee Guarantor required Guarantor required
6. Required Insurance 1st class throughout the contract Throughout the contract
7. Type of contract Financial Lease contract Hire Purchase contract
8. Accounting benefits (for customer) Deductible expense at full amount but not more than 36,000 baht per car Deductible depreciation at maximum 1 million baht
9. Ownership of vehicle when contract ended The Company Transferred to the hirer

* Leasing Contract has stipulated the residual value by the amount of payment, which a customer must pay at the expiry of its contract, equitably to the residual value deducting with the security

Remark ** Approval of loan and interest rates applied will be up to the Company’s credit policy and approval criteria.