This is a loan from one bank to pay off a home loan from another bank in order to take advantage of lower interest rates and reduce one’s debt burden by reducing monthly payments and/or shortening the loan term.

In general, loans for purchase of houses together with land, townhouses, commercial buildings, condominium units, or for home construction shall not exceed 80% of the appraised value of the property. However, loans for units in certain housing projects supported by KBank may be as high as 95 percent of the purchase price. To learn more, please call 02-8888888.

Expenses for debt refinancing include an appraisal fee (around 3,000 Baht), the mortgage registration fee (one percent of loan amount, not exceeding 200,000 Baht), the stamp duty of 0.05 percent of the refinance loan amount, and home insurance (rates set by insurance companies).

You may request an additional amount of up to five million Baht, depending on the loan-to-value ratio per the refinancing criteria.

Refinance interest rates are available for refinancing houses, condominiums, and for purchasing pre-owned homes and also for commercial buildings. They are not available for purchases of vacant land.

They must be siblings/relatives/spouses (registered). If married without Marriage Certificate, submit a Letter of Marriage Confirmation or a copy of child’s Birth Certificate, if any.

Apply at any KBank branch or call K-Contact Center, 02-8888888.