TISCO Auto Cash Launches Debt Consolidation Campaign for Car Owners

According to a report by Khaosod Online Thailand, TISCO Auto Cash has launched a campaign titled 'Consolidate Debt for Easy Installments' to assist individuals in managing their financial burdens. The initiative allows car owners to combine various debts—such as credit card balances and high-interest personal loans—into a single account with interest rates starting at 0.49% per month.

Ms. Wipa Mettawiharee, Director of Multi-Purpose Loans and Direct Sales at TISCO Bank, noted that household debt remains a significant challenge in Thailand in 2026. Recent data indicates that 78.86% of Thais hold formal debt, while 13.72% manage both formal and informal debt, and 7.43% rely solely on informal sources. The bank suggests that managing multiple accounts often leads to liquidity issues and complex repayment schedules.

For residents, this program may offer a structured way to streamline monthly payments and potentially reduce interest costs. However, the campaign is specifically designed for those who own a vehicle and wish to use it as collateral to settle existing high-interest obligations. It remains to be confirmed how individual credit profiles will impact the final interest rates offered to applicants and what specific documentation is required for the vehicle appraisal process. Interested parties should consult directly with TISCO Bank to determine their eligibility and the full terms of the loan agreement.