My Car My Cash is a personal loan for car owners. You can get up to 5 million baht in cash by selling your car and getting it back under a hire-purchase agreement. You will continue to be able to use your car as usual and pay monthly installments (including VAT) for up to 84 months. When the loan is paid up, car ownership will be immediately transferred back to you. Loan application is simple, with a quick result and loan availability within 1 business day from the date of complete submission of required documents.
A copy of your ID card or government/state enterprise officer ID card with your ID number and photo on it.
A copy of house registration or document issued by a government agency with your address on it.
The most recent payroll slip or a salary confirmation letter issued by your employer and your account statement for the past 6 months.
A copy of the first page of your SCB deposit account passbook for loan transfer (SCB accounts only).
Insurance conditions are as specified by SCB conditions.
Agreement fees and other expenses are as specified by SCB and will be collected from the approved loan amount. (See more details about fees.)
Hire Purchase Interest Rates for My Car May Cash Announced on 1 July 2022
Year of Registration
Flat Interest Rate
|2021 – 2017||3.75% – 7.00%|
|2016 – 2012||4.25% – 8.05%|
|2011 – 2007||5.05% – 9.55%|
|a. Interest rate||
Interest rate calculation: Daily basis
The number of days per year for interest calculation: Based on a calendar year
|b.Maximum loan amount allowed||80% of asset price (5 million baht maximum)
|c. Agreement period (agreement validity period)||72 months or 6 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|