Icbc (Thai) Leasing Company

Name

Icbc (Thai) Leasing Company

Legal name

ICBC (Thai) Leasing Company Limited (บริษัท ลีสซิ่งไอซีบีซี (ไทย) จำกัด)

Website

https://icbcthaileasing.com

Company type

Private

Founded year

2005

Operating status

Operating

Headcount range

501–1,000 employees

Ownership category

akta.pro rank

Product category

Auto and Equipment Leasing

NAICS

Passenger Car Leasing (532112), Automotive Equipment Rental and Leasing (5321), Commercial and Industrial Machinery and Equipment Rental and Leasing (5324)

SIC

Services-Auto Rental & Leasing (No Drivers) (7510), Finance Lessors (6172)

akta.pro primary industry

Consumer/Private Lease & Subscription (Personal Contract Hire) (TLABAAAC)

akta.pro secondary industries

Used Vehicle Leasing (Pre-Owned Lease Programs) (TLABAAAG), Corporate/Enterprise Car Leasing (Closed-End/Open-End) (TLABAAAA), Auto & Vehicle Leasing (Personal Use) (FSAKANAA)

Keywords

• Hire purchase financing
• Vehicle leasing services
• Auto refinance loans
• Equipment leasing
• Solar rooftop financing

Headquarters

HQ city

Bangkok

HQ country

Thailand

HQ region

Asia

Offices8 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Hire Purchase Interest Income: Interest income generated from hire purchase contracts for new cars, used cars, and other assets. Interest is calculated using flat rate or effective rate depending on the product type. Customers make equal monthly installments throughout the contract period.
2. Financial Leasing Services: Financial lease contracts for corporate customers providing tax benefits through deductible expenses. Revenue generated through interest charges and lease payments over contract periods of 36-60 months.
3. Auto Refinance: Refinancing services allowing car owners to use their vehicle as collateral for loans. Revenue generated through interest on the refinanced amount.
4. Solar Rooftop Financing: Hire purchase financing for solar rooftop installation with flat rate interest. Revenue generated through interest payments over terms up to 84 months.
5. Registration and Administrative Services: Vehicle registration services, annual tax renewal, and ownership transfer services. Revenue through service fees.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels5 records

Core offering

ICBC (Thai) Leasing Company Limited provides hire purchase and financial leasing services for new cars, used cars, auto refinancing, corporate machinery and equipment, and solar rooftop installations, along with supporting vehicle registration, tax renewal, and ownership transfer services. The company originates installment contracts directly with consumers and corporate customers, with repayment terms ranging from 12 to 84 months depending on the product, and earns revenue primarily from interest income on these contracts plus administrative service fees.

Product overview

ICBC (Thai) Leasing Company is a financial services provider offering a comprehensive suite of hire purchase and leasing products. The portfolio includes: New Car Financing and Used Car Financing for individual and business customers, Auto Refinance for liquidity enhancement, Machinery and Equipment Financing for corporate clients, and Solar Rooftop Financing for clean energy adoption. Supporting services include Tax Renewal and Car Registration Services. The company operates as a subsidiary of ICBC (Thai) Bank and serves customers through hub offices across 7 provinces in Thailand.

Differentiator

Problem solved

Functional benefit

Products and services

• New Car Financing (สินเชื่อเช่าซื้อรถยนต์ใหม่) Hire purchase financing for brand new cars, allowing customers to choose flexible payment terms from 12 to 84 months. Aimed at individual and business buyers purchasing new vehicles through authorized dealerships.
• Used Car Financing (สินเชื่อเช่าซื้อรถยนต์ใช้แล้ว) Hire purchase financing for used cars from both private dealers and sellers, with flexible terms up to 72 months for vehicles registered not over 10 years. Aimed at individual buyers seeking more affordable vehicle ownership.
• Auto Refinance (สินเชื่อรีไฟแนนซ์รถยนต์) Refinancing service for car owners to use their vehicle as collateral for loans, increasing liquidity, paying off debt, or obtaining emergency cash while still using the car. Minimum loan amount 100,000 baht; maximum term up to 60 months; no guarantor required subject to qualification.
• Machinery and Equipment Financing for Corporate Customers (สินเชื่ออุปกรณ์เครื่องจักรและลูกค้ากลุ่ม) Hire purchase and financial leasing for company vehicles and equipment for business needs, including company cars, pickup trucks, trucks, coaches, and machinery such as cranes, forklifts, excavators, and industrial machinery. Lease terms 36-60 months with fixed effective interest rates, deposit 0-30% (typically 20%), tax-deductible expenses up to 36,000 baht/month per car.
• Solar Rooftop Financing (สินเชื่อเช่าซื้อเพื่อติดตั้งโซลาร์รูฟท็อป) Hire purchase financing for solar rooftop installation for both individuals and juristic persons, allowing installment payments over a set period with flat rate interest. Maximum term up to 84 months. Fire insurance premium required. Equipment must meet company criteria. Corporate project size minimum 400 kW with credit limit up to 100% of total project cost.
• Tax Renewal Service (บริการต่อภาษี) Annual vehicle tax renewal service with 2-month advance notification, processing of documents, and delivery of tax payment signs within 7 days. Available to hire purchase customers across the Bangkok head office and regional hubs.
• Car Registration Services (บริการงานทะเบียนรถยนต์) Car ownership transfer service for customers closing their accounts, with a 5-step process including balance verification, payment, document preparation, and registration booklet delivery. Transfer fee applicable.

Quantifiable outcome

• Solar rooftop financing can reduce energy costs in the long term
• +2 more outcomes

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Six partnerships are on record, tiered core and minor.

• Fox ESScoreStrategic or Co-development Partner · 8 April 2026Fox ESS and ICBC (Thai) Leasing Company Limited signed a strategic cooperation agreement to provide financing options making solar and storage solutions more accessible to Thai customers. The partnership was formalized during Fox ESS's Thailand New Product Launch Ceremony 2026 in Bangkok.
• Deye ThailandcoreStrategic or Co-development Partner · 28 January 2026ICBC (Thai) Leasing signed a Memorandum of Understanding with Deye Thailand to enhance financial capabilities and support clean energy in Thailand. The agreement was signed during Solar & Storage Live Thailand 2026 at BITEC.
• Siam Inter Auction (SIA)minorChannel Partner/ Reseller/ DistributorCar auction partner for used car sales. ICBC (Thai) Leasing provides used car auction services for the public and used car dealers through this partnership.
• Motto Auction (Thailand) Co., Ltd.minorChannel Partner/ Reseller/ DistributorCar auction partner operating in Phitsanulok region for used car sales and financing.
• Saha Crane Auction Co., Ltd.minorChannel Partner/ Reseller/ DistributorCar auction partner operating in Chonburi region for used car sales and financing.
• ICBC (Thai) Insurance Broker Co., Ltd.coreStrategic or Co-development PartnerAffiliated insurance broker company providing motor insurance (compulsory and voluntary), fire insurance, and credit life insurance services to ICBC (Thai) Leasing customers. 99.99% owned by ICBC (Thai) Leasing.

Scale indicators4 records

Recent moves9 records

Expansion highlights4 records

Broad incumbents

• Kasikornbank (KBank): One of Thailand's largest universal banks with a sizeable auto hire purchase portfolio. Comparable lending products within a broader financial services portfolio.
• Siam Commercial Bank (SCB) Auto: Major Thai universal bank with large auto loan portfolio. Overlapping product offering with broader banking services and stronger funding base.
• Bangkok Bank: Thailand's largest bank by assets, with auto and equipment lending capabilities. Competes in corporate leasing and SME hire purchase.

Direct peers

• Honda Leasing (Thailand): Honda's captive finance operation in Thailand offering hire purchase for Honda vehicles. Comparable OEM-captive auto leasing business with dealer-channel distribution.
• Krungsri Auto: Auto hire purchase and leasing arm of Bank of Ayudhya (Krungsri), one of Thailand's largest auto financiers. Directly comparable in product offering (new/used car HP, refinance) and target customers.
• Toyota Leasing Thailand: Captive finance arm of Toyota in Thailand providing hire purchase and leasing for Toyota vehicles. Comparable in auto leasing model and dealer-embedded distribution.
• Kiatnakin Phatra (KKP): Thai financial group with a substantial auto hire purchase portfolio. Comparable in consumer vehicle lending focus and dealer distribution model.
• Thanachart Capital: Thai financial holding with a large auto hire purchase business. Directly comparable in vehicle financing focus and dealer-distribution model.

Emerging players

• AEON Auto Lease: Japanese-affiliated hire purchase provider in Thailand focused on auto and consumer finance. Comparable in product mix and target customer segments, though smaller scale.
• MBK Leasing (Thailand): Thai leasing company offering hire purchase for vehicles and equipment. Comparable in mid-tier leasing focus but smaller scale and regional concentration.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/icbc-thai-leasing-company-limited

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Icbc (Thai) Leasing Company