Auto Finance
My Car My Cash Refinance
Turn Your Car into Cash. Stuck with high monthly payments? Switch to lighter installments with our My Car My Cash Refinance program. Enjoy flexible repayment terms of up to 84 months and receive up to 100% of your car’s appraised value. Monthly payments are reduced or remain the same — and best of all, no refinancing fees.
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- Qualification
- Document Required
- Conditions
- Fees and expenses
- Promotion
- Minimum Information Disclosure
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Product Detail
My Car My Cash Refinance is a personal loan for individual car owners who are currently making payments through a finance company or other financial institution. If you're looking to improve your liquidity, you can refinance your existing installments at another financial institution with SCB instead.
Loan Structure: Approved funds are split into two parts:
- One part is used to pay off your existing car loan with your current lender (refinance).
- The remaining balance (after expenses) is disbursed directly to you.
You retain full ownership and can use your car as usual.
Simple application process with approval results within 1 business day from the date all documents are received.
Approved loan amounts of up to 100% of car valuation by SCB or 5 million baht*
Each person has different financial needs. Your car can help stretch your liquidity as much as possible. Loan approval is subject to loan applicant qualifications, and their car’s brand, age, model, and registration year. Vehicles accepted as a pledge are passenger cars, pickup trucks, and vans registered for personal use only.
Interest rates start from 0.25% per month*
Interest rates start from 0.25% per month, calculated from a starting interest rate of 2.99% p.a. for cars registered between 2024-2026. Installments are 60 months maximum. (Interest rates are subject to change and will not exceed the rates announced by the Bank.)
Average installment amounts start from 58 baht/hundred thousand/day*
To help ease your debt repayments, SCB offers monthly installments starting from 58 baht/hundred thousand/day. The installment amount is calculated based on an assumption of a loan installment for a principal amount of 100,000 baht for a passenger car registered in 2024 with a flat interest rate of 5% p.a. (effective rate: 8.97% p.a.) and an installment period of 84 months (7 years). The monthly installment amount is 1,720 baht, with a total interest amount of 35,000 baht over the loan term.
Worry-free installment periods of up to 84 months*
Choose the monthly installment plan you want: 12, 24, 36, 48, 60, 72, or 84 months maximum. The installment period, when combined with the borrower’s age, must not exceed 65 years. In the case of a loan with an 84-month installment period, the car’s age must not exceed 12 years, and when combined with the installment period, must not exceed 19 years.
No refinancing fees*
No refinancing fees so that you can have a loan amount with the least reductions.
No guarantor required*
Borrow when necessary and within your means.
Flat interest rates are between 2.99% - 8.15% p.a. (effective rates are between 5.47% - 15% p.a. throughout the loan agreement period) (Interest rates are subject to change and will not exceed the rates announced by the Bank.)
* Loan approval conditions are subject to the bank’s discretion. For more details, please visit Siam Commercial Bank branch near you or contact the SCB Call Center at 02-777-7777.
Qualification
- Individuals aged between 20 – 60 years old (when combined with an installment period must not exceed 65 years).
- Thai nationality, residing in Thailand.
- Have ownership over a car under an instalment plan with another financial institution.
Document Required
Identity document
- A copy of your ID card
- A copy of certificate of change in name/family name (if any)
SCB passbook
- A copy of your SCB account information page for loan transfer (SCB account only)
Car insurance and car-related documents
- The original copy of the car insurance policy
- A copy of the receipt of the latest instalment payment.
Proof of income
Employees
- The most recent payroll slip or a salary confirmation letter issued by your employer within the past 2 month
- A copy of your payroll account statement for the past 3 months
- A copy of your savings or current account statement for the past 3 months, or 6 months in case of intermittent income
- A copy of a business registration certificate issued within the past 6 month
- A copy of a juristic person registration certificate, Form Bor Or Jor 5 (a list of shareholders), Form Por Por 30 (a summary of buying taxes and selling taxes) issued within the past 6 month
Conditions
Conditions for vehicles to be pledged for a loan
- Loans are available only for passenger cars, pickup trucks, and vans as specified in the vehicle registration book.
- The age of cars pledged must not exceed 15 years. For an installment period of 84 months, the age of cars pledged must not exceed 12 years. A car’s age when combined with an installment period must not exceed 19 years.
- Vehicles accepted as a pledge must be registered for personal use only. Those registered with a transportation or hiring purpose, modified/imported vehicles, and those with engine replacement are not accepted.
Insurance conditions
- If using the existing vehicle insurance policy, the coverage period shall remain no less than 3 months from the loan application date. Insurance conditions are as specified by SCB.
Fees and expenses
- Agreement fees and other expenses shall follow SCB announcements and will be collected from the approved loan amount.
Fees and expenses
- Fees and expenses are subject to SCB’s announcements.
Interest rates
Interest rates for My Car My Cash loans announced on January 5, 2026:
VEHICLE REGISTRATION YEAR | FLAT INTEREST RATE | EFFECTIVE INTEREST RATE |
|---|---|---|
| 2026 – 2021 | 2.99% – 6.25% | 5.47% – 10.98% |
| 2020 – 2016 | 4.25% – 7.30% | 7.75% – 12.62% |
| 2015 – 2011 | 5.50% – 8.15% | 10.00% – 15.00% |
Remarks :
- Interest rates for My Car My Cash Refinance loans are only for applicants with a loan amount approved between January 5, 2026 – March 31, 2026.
- Interest rates are subject to change, per SCB announcement.
- A flat interest rate is an interest rate for each instalment. It is calculated on the full principal amount from the loan agreement date throughout the loan period.
- An effective interest rate is calculated from the outstanding principal amount in each instalment. Interest charged is reduced in line with paid instalments.
- The maximum installment period is 84 months.
- Loan approval conditions are as specified by SCB.
- For inquiries, please call the SCB Call Center at 02-777-7777.
Promotion
Promotion Terms and Conditions: Get a Lotus’s Gift Card Worth Up to THB 2,000
- This special offer is exclusively for salaried employees who apply for a “My Car My Cash” loan and purchase any of the following insurance products: Credit Life Insurance, PA Smart Accident Insurance. Applications must be submitted, and the loan must be approved between December 1, 2025 – March 31, 2026, and the loan must be disbursed by January 1, 2026 – March 31, 2026. Eligible customers will receive a Lotus’s gift card based on the approved loan amount as follows:
Approved Loan Amount Lotus’s Gift Card Value THB 800,000 and above THB 2,000 THB 500,000 – THB 799,999 THB 1,000 THB 250,000 – THB 499,999 THB 500 - Customers who meet the specified conditions will receive a Lotus’s gift card by mail within 120 business days after the month in which the loan is disbursed. The voucher will be sent to the mailing address provided in the loan application.
- Customers can review the terms and conditions of the Lotus’s gift card as stated on the card.
- The use of the Lotus’s gift card is subject to the terms and conditions specified by Ek-Chai Distribution System Co., Ltd. SCB is not involved in the products or services, nor in their sale or provision. Therefore, SCB is not liable for any loss, damage, defect, or other issues related to the products or services, nor for any disputes or incidents arising from such use. For inquiries, please contact Lotus’s Call Center at 1712.
- In the event that the Lotus’s gift card is out of stock, SCB reserves the right to substitute it with an item of equivalent value, with at least 7 days’ prior notice.
- Buyers should carefully review the coverage details and conditions before purchasing any insurance.
- The bank acts solely as a broker or facilitator for individuals entering into insurance contracts. The approval of insurance coverage is subject to the underwriting conditions of FWD Life Insurance Public Company Limited.
- For further inquiries regarding insurance coverage and claims, please contact the FWD Customer Service Center at 1351 (daily from 08:00 AM to 08:00 PM) or visit fwd.co.th.
- This offer is non-transferable and cannot be exchanged for cash or other items or combined with other discounts or promotional offers.
- Loan approval, approved credit lines, and related conditions are subject to the terms and conditions specified by SCB.
- SCB does not require customers to purchase Credit Life insurance. It is entirely optional and does not affect loan approval.
- Customers may choose to purchase auto insurance from other reliable providers, subject to SCB’s conditions.
- SCB reserves the right to amend these terms and conditions, benefits, or promotional details, or to suspend or cancel the promotion, in accordance with regulatory requirements or at SCB’s discretion. In such cases, notice will be provided at least 7 days in advance of the effective date, except in cases of force majeure or other unavoidable circumstances, whereby notice will be given as soon as possible.
- In case of a dispute, SCB’s decision shall be deemed final.
- SCB and FWD Life Insurance PCL will collect, use, and disclose your personal data for the purposes of running and promoting this campaign, as well as other purposes outlined in their respective privacy policies. You may learn more about how your data is handled and your rights under the Personal Data Protection Act at www.scb.co.th (for SCB) and www.fwd.co.th (for FWD Life Insurance).
- Borrow only as necessary and within your repayment ability.
- My Car My Cash loans are offered with fixed interest rates ranging from 2.99%–8.15% p.a. (effective interest rates range from 5.47%–15% p.a. throughout the loan period). Rates are subject to change within the limits announced by SCB.
- For more information, please call the SCB Call Center at 02-777-7777.
Minimum Information Disclosure
| Item | Details disclosed |
| a. Interest rate | Details about Interest rate of SCB auto finance (hire-purchase loans) |
| b.Maximum loan amount allowed | Approved loan amounts of up to 100%* of car valuation by SCB or 5 million baht. |
| c. Agreement period (agreement validity period) | 84 months or 7 years maximum. |
| d.Collateral | The applicant’s car, but they can use the car as usual. |
| e.Service fees and penalty fees | Details about any fees, service fees, and penalty fees of SCB auto finance (hire-purchase loans) |
| f.Insurance | Car insurance/ credit protection insurance/ accident insurance/ life insurance |
| g. Guarantor | N/A |
