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Product Detail
My Car My Cash is a personal loan for individual car owners seeking to stretch their financial liquidity. To apply for a My Car My Cash loan, the original vehicle registration book is required. Vehicle ownership is transferred to SCB, and loan applicants enter into a hire-purchase agreement for the car pledged for the loan. Clients will be able to use the car as usual. Loan application is simple, with a quick result and loan availability within 1 business day from the date of complete submission of required documents.
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 an interest rate of 2.99% p.a. for cars registered between 2023 – 2025. Installments are 60 months maximum. (Interest rates and the maximum installment period are subject to change per SCB announcement).
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 2023 with a flat interest rate of 5% p.a. (effective rate: 8.96% 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.
No guarantor required*
Borrow when necessary and within your means.
Flat interest rates are between 2.99% - 8.65% p.a. (effective rates are between 5.65% - 15% p.a. throughout the loan agreement period)
* Loan approval conditions are as specified by SCB.
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 to be pledged for a My Car My Cash loan
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
- The vehicle registration book
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
Business owners
- 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 are as specified by SCB and will be collected from the approved loan amount.
Interest rates
Interest rates for My Car My Cash loans announced on April 2, 2025:
VEHICLE REGISTRATION YEAR | FLAT INTEREST RATE | EFFECTIVE INTEREST RATE |
|---|---|---|
| 2025 – 2020 | 2.99% – 6.25% | 5.65% – 10.98% |
| 2019 – 2015 | 4.25% – 7.30% | 7.92% – 12.62% |
| 2014 – 2010 | 5.50% – 8.65% | 10.11% – 15.00% |
Remarks :
- Interest rates for My Car My Cash loans are only for applicants with a loan amount approved between April 2 and June 30, 2025.
- Interest rates are subject to change, per SCB announcement. A flat interest rate is an interest rate for each installment. 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 installment. Interest charged is reduced in line with paid installments.
- The maximum installment period is 84 months.
- Approved loan amounts vary by car conditions and applicant qualifications. Loan approval conditions are as specified by SCB.
- For inquiries, 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 |
