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Home Loan Refinance

​​​​Refinance with Home Lighten your burden Pay with ease!


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Interest and Installment
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Low Interest.

Choose whichever rate you want.

 

Additional loan offered!

Customers may apply for additional loan on top of the outstanding amount under the existing mortgage term with another financial institution​


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Super Saver Refinancing Interest Rates


  • K-Home Loan interest rate (standard installments)​
Interest rate
Year 1-3
Year 4-end of termThree-year average interest rateEffective interest rate throughout loan term

Type 1

(*With insurance per the established conditions)

3.65%
MRR-1.50%
3.65%
4.73%

Type 2

(With no insurance/with insurance different from the established conditions

3.75%
MRR-1.50%
3.75%
4.77%
  • ​ Make installment payments of 3,300 Baht/month for 1 million loan amount during the first year ​
Interest rate​
Year 1-3
Year 4-end of termThree-year average interest rateEffective interest rate throughout loan term

Type 3

(*With insurance per the established conditions)

 Installment payments of 3,300 Baht/month for 1 million loan amount during the first year

3.65%MRR-1.50%
3.65%
4.73%

Type 4

(With no insurance/with insurance different from the established conditions)

Installment payments of 3,300 Baht/month for 1 million loan amount during the first year​

3.75%
MRR-1.50%
3.75%
4.77%
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 ​Conditions
  • For customers applying for K-Home Loan during October 1-December 30, 2019, and making mortgage registration by January 31, 2020
  • The interest rates are offered to customers refinancing their mortgage, regardless of type of home, excluding those who apply for K-Home Loan for purchase of new homes, pre-owned homes, custom-built residential units or vacant land.
  • *Conditions for customers taking MRTA mortgage life insurance (Interest rate under Types 1 and 3):
    • MRTA mortgage life insurance covering 70% or more of the loan amount for the full loan term; or 
    • MRTA mortgage life insurance covering the full amount of the loan for at least 70% of the loan term
  • Customers choosing interest rate under Types 3 or 4 and making installment payments of 3,000 Baht/month during the first year must apply for K-Home Loan with loan term of no less than 20 years.
  • Customers cannot apply for a K-Home Décor Loan.
  • Customers are entitled to loan amount not exceeding 95 percent of the appraised value. If the home price is 10.0 million Baht or more, loan amount shall be granted up to 80 percent of the home purchase price.

Conditions

  • Additional loan offered! Customers may apply for additional loan on top of the outstanding amount under the existing mortgage term with another financial institution (the amount equal to the difference between the approved credit limit less the outstanding amount under the existing mortgage term with another financial institution)​
  • If collateral is in the housing projects established by KBank, loans of no more than 95% of the appraised value may be approved. If home price is 10 million Baht or more, loans of no more than 80% of the purchase price may be approved.
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to loan approval*

​​​

*For pre-approval process, with complete required documents


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Collateral​
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Types of Collateral

 

House

 

Townhouse

 

Commercial Building

 

Condominium

 

Vacant Land

 

House Remodelling

 

Loan Refinancing
From Other Financial Institutions


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Loan Details
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Loan Details

Download Sales Sheet​

Interest

Year 1-3 : Floating ratewith discount on interest of up to 1.50%*
Year 4 through end of term :  MRR -2.0%**

* An MRR (Minimum Retail Rate) of 6.87% was announced Aug 15, 2019.

​ More details​​

Period

Maximum 30 years

 

Credit limit

The combined K-Home Loan and K-Home Décor Loan must not exceed 95 percent of the appraised value​​​​​

Consideration Period of Loan Request

Approximately 7 business days (if all required documents are submitted to the bank)

 

Fees / Expenses

  • The fee for the collateral's value appraisal conducted by the Progress Appraisal Company or another appraisal company guaranteed by the bank or its branches is 3,000 baht (including VAT)
  • For an appraisal of any property that happens to be located on an island, please contact the bank

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Super Saver Refinancing Interest Rates


  • K-Home Loan interest rate (standard installments)​
Interest rate
Year 1-3
Year 4-end of termThree-year average interest rateEffective interest rate throughout loan term

Type 1

(*With insurance per the established conditions)

3.65%
MRR-1.50%
3.65%
4.73%

Type 2

(With no insurance/with insurance different from the established conditions

3.75%
MRR-1.50%
3.75%
4.77%
  • ​ Make installment payments of 3,300 Baht/month for 1 million loan amount during the first year ​
Interest rate​
Year 1-3
Year 4-end of termThree-year average interest rateEffective interest rate throughout loan term

Type 3

(*With insurance per the established conditions)

 Installment payments of 3,300 Baht/month for 1 million loan amount during the first year

3.65%MRR-1.50%
3.65%
4.73%

Type 4

(With no insurance/with insurance different from the established conditions)

Installment payments of 3,300 Baht/month for 1 million loan amount during the first year​

3.75%
MRR-1.50%
3.75%
4.77%
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 ​Conditions
  • For customers applying for K-Home Loan during October 1-December 30, 2019, and making mortgage registration by January 31, 2020
  • The interest rates are offered to customers refinancing their mortgage, regardless of type of home, excluding those who apply for K-Home Loan for purchase of new homes, pre-owned homes, custom-built residential units or vacant land.
  • *Conditions for customers taking MRTA mortgage life insurance (Interest rate under Types 1 and 3):
    • MRTA mortgage life insurance covering 70% or more of the loan amount for the full loan term; or 
    • MRTA mortgage life insurance covering the full amount of the loan for at least 70% of the loan term
  • Customers choosing interest rate under Types 3 or 4 and making installment payments of 3,000 Baht/month during the first year must apply for K-Home Loan with loan term of no less than 20 years.
  • Customers cannot apply for a K-Home Décor Loan.
  • Customers are entitled to loan amount not exceeding 95 percent of the appraised value. If the home price is 10.0 million Baht or more, loan amount shall be granted up to 80 percent of the home purchase price.

Conditions

  • If collateral is in the housing projects established by KBank, loans of no more than 95% of the appraised value may be approved. If home price is 10 million Baht or more, loans of no more than 80% of the purchase price may be approved.

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How to Apply​
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How to Apply

Qualifications

Nationality

  • Thai

Age

  • Be at 20 years of age and older
  • the guarantor's age combined with the duration of the loan cannot exceed 70 years

Income

  • Earn fixed monthly income of 15,000 baht and over
 

Duration of Employment

  • Fixed income earners must have at least 1 year of experience. The time at old workplaces are counted. Borrowers must have already passed the probation period at current workplace and must have worked there for more than 6 months.
  • Business owners must have been in their current businesses for at least 2 years

Others

  • The number of co-borrowers must not exceed two, and they must be relatives by law
 

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Frequently Asked Questions

What is a home refinance loan ?

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.

If I want to apply for home loan, how much can I borrow ?

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.

If I refinance a loan from another bank at KBank, what expenses will I encounter ?

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).

If the applicant has insufficient annual income to make the monthly payments for the requested loan, how can this problem be solved?

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

What kinds of loan are refinance interest rates available for ?

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.

What relationship must persons have in order to take out a loan jointly ?

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.


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