K-Home Equity  (สินเชื่อบ้านทวีทรัพย์กสิกรไทย  )

• A personal loan with your home as collateral
• The interest rate is cheaper than other consumer loans.
• Your property can be converted into a loan or an O/D.
• Loan term is up to 15 years.

Term of loan

Up to 15 years (up to 10 years for condominiums).

 Eligibility

• Thai nationality
• Aged at least 22 years old.
• Age criteria for borrowers and co-borrowers

  - For fixed-income earners, their age when added to the duration of the loan must not exceed 60 years old.

  - For self-employed persons, their age plus the duration of the loan must not exceed 65 years of age.

• Years of Work:

  - For fixed-income earners, they must have worked at their present workplace for at least two years. If employed at the current workplace for less than two years, they must have an employment record for two years at their former workplace.

  - For self-employed persons, they must have been in business for at least two years.

• The primary borrower must earn THB15,000 or more per month.
• The borrower must have clear and free ownership over the home and their name on the House Registration of the property that is used as collateral.  For joint borrowing, the co-borrower must also have their name on that House Registration. 
• The number of co-borrowers must not exceed two, and all of them must be relatives (except without registration).

Credit Limits

• For property used as collateral located in BMR (Bangkok Metropolitan Region: including Bangkok, Samut Prakan, Nakhon Pathom, Nonthaburi, Pathum Thani and Samut Sakhon):

• For collateral located  outside BMR: 

• The minimum loan is THB100,000

Interest Rate

• MLR-0.5% for the first 2 years, and the MLR p.a., thereafter
• MRR+0.5%, p.a., for O/D

Fees and Expenses

• The fee for appraisal of the collateral conducted by Progress Appraisal Co., Ltd. or other appraisal company approved by KBank is THB2,700 (VAT inclusive)

Collateral

• Property that can be used as loan collateral includes land and existing structures e.g., single detached house, townhouse, commercial building or condominium (for a condominium, the unit price must be at least THB500,000). Vacant plots of land are not accepted as collateral.  
• The borrower must have clear title over the house and has his/her name on the house registration of that property. The property must be used as a dwelling, not for rent to others.
• The collateral must be in good condition.
• If the collateral is more than 25 years old (based on the original registration date) on the loan application date and in good condition with proper maintenance, the Bank will be flexible and take the appraisal report into consideration toward the value of the credit facility.
• The borrower must have the consent of their spouse in undertaking the loan contract and registration of the mortgage lien.

Required Documents

Supporting Documents of Borrower, Co-Borrower and Spouse

1. A loan application form and a letter of consent that has been completely filled out by borrower and co-borrower.
2. A copy of the national ID card or government/state enterprise ID card (of borrower and spouse of primary and co-borrower).
3. Copy of house registration certificate (all pages).
4. Certificate of name change for the borrower and spouse of primary/co-borrower, if applicable.
5. If married with registration: submit a marriage certificate.

If married without registration: present a letter of marriage confirmation or house registration certificate/child’s birth certificate, as applicable.

If widowed: submit a certificate of divorce or police daily report on separation or spouse’s death certificate.

Required Financial Documents of Borrower, Co-Borrower and Spouse

For fixed income earners, including employees (of private companies, state enterprises) or government officials, the following documents are required:

• Original salary slip (not more than 6 months old); or
• Original salary certification letter (not more than 6 months old); and/or
• A bank statement for the past three months

Required Documents For Retired Government Officials:

• A pension card, or 
• A pension payment cover letter, or
• A statement for the past 6 months showing monthly pension credited to an account.

Note: If having other income, the applicants must submit the following documents:

• A statement for the past 6 months or Withholding Tax Certificate (50 bis) showing income for the past 6 months.

Required Documents For Business Proprietors:

• A statement during  the past six months (in the name of individual or juristic person)
• Other relevant financial documents, such as cash flow certified as true and correct by branch managers or team manager or higher authorities.

Required Documents For Freelance Workers (Such As Entertainers, Brokers, Insurers and Direct Salespersons):

• A statement for at least the past six months
• Withholding Tax Certificate (50 bis) reporting at least the past -six month income.
• Other relevant documents for proprietors and freelance workers:
• A copy of the Commercial Registration (for proprietors)
• A copy of Registration Certificate issued by Ministry of commerce/ Memorandum of Association not later than six months (for juristic persons.)
• A certificate of shareholders’ list not older than six months from the date of official copy (in case of a limited liability company).
• A professional ID card/ Income Tax Receipt (in case of freelance workers)
• A financial statement of the past year (if business’ earnings are required for loan approval)

Collateral Documents

• A copy of title deeds/ Nor Sor 3/Nor Sor 3 Kor or Land Ownership Documents with all pages of the registration shown
• A copy of the Land Sales Contract (Tor. Dor.13)

Other Relevant Documents

In case of refinancing :  the collateral for refinancing must have the same loan type as K- Home Equity only

• Evidence of installments on the current housing loan statement for the past 12 months.
• A copy of any applicable loan contract with the former financial institution.
• The copy of any applicable mortgage contract with the former financial institution.

Loan Application

• Loan application form >>

Privileges 

• Eligible to apply for “Ruang Khao Pitaksin-Home” with the same installment plan
• Eligible to get “Home Smiles Club” credit and debit cards
• No entrance fee on the cards, and
• No annual fees on the cards for the first 3 years
• Get after-sales service from our Home Smiles Club Center at Tel. 0 2888 8888 press 5