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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.

Interest rates
 

Up to 30 years installment.

Reduce your monthly payment.

Conditions
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Special Interest Rates

Year 1-3 Year 4 through end of term

Floating rate

with discount on interest of up to 1.50%*

(on the existing interest rate)

​MRR -2.0%**

Get a 0.25-percent additional discount on home loan interest rate in the first year, if you take out MRTA life insurance per the conditions established by KBank.


 

Conditions

  • *Discount of 1.50 percent on the last interest rate applied to the main mortgage loan contract with another financial institution; the discounted interest rate must not be less than MRR-3.27​% = 3.60 percent during the first three years.**
  • **Discount on interest rate is equal to the interest rate of the existing mortgage loan. The discounted interest rate must not be more than MRR -1.50 percent, and must not be less than MRR -2.00 percent.
  • Minimum Retail Rate (MRR) = 6.87% p.a. (as of Aug 15, 2019)​
  • MRR is based on the rate as announced by KBank as of the loan application date
  • The combined K-Home Loan and K-Home Décor Loan must not exceed 95 percent of the appraised value, and loan will be granted up to 80 percent of the appraised value for homes with an appraised value of 10 million Baht or more
  • Customers may apply for additional loan on top of the outstanding amount under the existing mortgage term with another financial institution (for an amount equal to the difference between the approved credit limit less the outstanding amount under the existing mortgage term with another financial institution).
  • To learn more details and conditions, please call the K-Contact Center at 02-888-8888.

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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to loan approval*

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*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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Special Interest Rates

Year 1-3 Year 4 through end of term

Floating rate

with discount on interest of up to 1.50%*

(on the existing interest rate)

​MRR -2.0%**

Get a 0.25-percent additional discount on home loan interest rate in the first year, if you take out MRTA life insurance per the conditions established by KBank.


 

Conditions

  • *Discount of 1.50 percent on the last interest rate applied to the main mortgage loan contract with another financial institution; the discounted interest rate must not be less than MRR-3.27​​​% = 3.60 percent during the first three years.**
  • **Discount on interest rate is equal to the interest rate of the existing mortgage loan. The discounted interest rate must not be more than MRR -1.50 percent, and must not be less than MRR -2.00 percent.
  • Minimum Retail Rate (MRR) = 6.87% p.a. (as of Aug 15, 2019)​
  • MRR is based on the rate as announced by KBank as of the loan application date
  • The combined K-Home Loan and K-Home Décor Loan must not exceed 95 percent of the appraised value, and loan will be granted up to 80 percent of the appraised value for homes with an appraised value of 10 million Baht or more
  • Customers may apply for additional loan on top of the outstanding amount under the existing mortgage term with another financial institution (for an amount equal to the difference between the approved credit limit less the outstanding amount under the existing mortgage term with another financial institution).
  • To learn more details and conditions, please call the K-Contact Center at 02-888-8888.

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.

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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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