Banks focus on selective segments for auto loans

Banks are adopting mixed strategies for auto loans this year, focusing on selective segments amid weak consumer purchasing power.

- SOMRUED!I BANCHONGDUANG

Attendees review auto loan products at booths during last year's Money Expo.

Tisco Bank, a subsidiary of Tisco Financial Group, targets overall auto loan growth in 2026 of 0-5%, depending on vehicle segments. The bank will primarily emphasise new car loans and car title loans in line with demand and. borrowers’ purchasing power, said Sakchai Peechapat, chief executive of Tisco Financial Group.

For new car loans, the bank will provide financing for both internal combustion engine vehicles and electric vehicles (EVs) across various brands. For car title loans, the bank will focus less on loan-to-value ratios and instead attract borrowers through higher interest rates.