Bangkok--16 Dec--Aziam Burson-Marsteller
Krungsri Auto, a leading automotive financial provider, announced a new program to help its customers. Designed to help ease affected customers’ burden, as part of the Krungsri Auto Flood Relief program, the initiative includes a waiver of collection fees, exemption of late fee charges, deferred payments for up to six months and debt restructuring up to 50% of existing installments.
According to Mr Pairote Cheunkrut, Managing Director, Ayudhya Capital Auto Lease plc., or Krungsri Auto, “To help customers affected by the large-scale devastating floods in several areas of Bangkok and upcountry, Krungsri Auto launched a new program, as part of the Krungsri Auto Flood Relief program. Affected customers are eligible to defer payments for up to six months by restarting the new payments at the existing principal and interest after the defined 6-month deferment ends. Krungsri Auto also provides debt restructuring of up to 50% of the existing installments with a maximum payment term of 96 months for customers who have long term impact in income and meet certain requirements. Moreover, customers who have severe impact on assets, health, car damage or car loss can request for assistance with their debt burden, on a case-by-case basis.”
“Krungsri Auto has been launching initiatives to help people that have been affected by the flooding in several areas nationwide since August 2011, and such efforts have been extended because the crisis did not subside. A hotline and service center have been established for affected customers who need loan status-related support. Customers who live in the affected areas will receive an automatic waiver of collection and late fee charges while customers who are not in directly impacted areas, but who have been indirectly affected can contact us for assistance. We are committed to standing by our customers and helping all of them to pass through this crisis. Affected customers can contact Krungsri Auto Flood Relief Tel 0 2730 2727 or Krungsri Auto Call Center Tel 0 2740 7400. Moreover, we are also running the “Krungsri Car For Cash Gets Through Floods — Apply Today, Repay in 2012” program that offers a 3-month deferment of the first payment after the approval date with an endorsed loan contract number to enhance Krungsri Car for Cash customers’ liquidity and ease their expense burden,” stated Mr Pairote.
Also, Krungsri Auto has conducted CSR activities to help impacted people both in Bangkok and upcountry. The company’s executives and employees have visited disaster areas to present the flood victims with boats, life vests, floating toilets, relief bags and cash, worth a total of over two million baht. Large trucks have been provided as a replacement for public transportation to carry affected people in high floodwater areas where small vehicles cannot go. A rehab and development plan was prepared to provide post-flooding assistance for impacted Thais.
“We hope our relief measures will help ease the difficulties facing our customers and affected people. Our encouragement is given to all affected people to get through this severe situation. Together we will pass through the flooding crisis to once again stand on our own feet,” concluded Mr Pairote.
About Krungsri Auto or Ayudhya Capital Auto Lease PLC
Krungsri Auto, a sole subsidiary of Krungsri Group, provides hire purchase financing for new cars, used cars, motorcycles and also renders secured personal loan services through auto sales and lease back. With proficient management team, Krungsri Auto has responded to customer’s needs including individual consumer auto and motorcycle manufacturers, dealers and corporates. During 2009-2011, the company has been assigned “A+ credit” from TRIS Rating and named a Superbrands Thailand 2011. To sustain a leading position in the business, Krungsri Auto provides a wide range of hire purchase financing products include “Krungsri Car for Cash”, financing for auto owners who want cash with their auto as the collateral; “Krungsri
Cash to Car”, a financial product for used cars belonging to personal owners; “Krungsri Motorcycle”, “Krungsri New Car”; “Krungsri Used Car”; “Krungsri Fleet & Leasing” and “Krungsri Inventory Finance”. With almost 18 years of experience, Krungsri Auto provides a caring and professional consultation and services through its 41 Krungsri Auto branches, Krungsri Auto Mini branches and Krungsri Auto Express (the latest new branch format in modern trade outlets), all of which are open everyday including weekends, in addition to the branches of Bank of Ayudhya nationwide. Interested customers are welcome to contact Krungsri Auto Call Center Tel. 0-2740-7400 to get an auto price-appraisal service delivery or visit us at www.krungsriauto.com.
For further information, please contact:
Ayudhya Capital Auto Lease plc
Thitipa Laxanaphisuth, Tel. 0-2708-8130
Aziam Burson-Marsteller
Hongsinunt / Piyanuch / Satida Tel. 0-2252-9871