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Home Loan Refinance

​​Reduce your interest burden! Settle your loan in no time! Make fewer installment payments and get additional loan! Come and apply for a loan with KBank!

 
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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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Home Loan Refinance SUPER SAVE

Interest rateYear 1-3Year 4-end of term3-year average interest rateEffective interest rate (EIR)
throughout loan term
(20 years)
Apply MRTA mortgage life insuranceMRR – 2.47%MRR – 1.50%3.50%4.12%
คลิกและเลื่อนเพื่อดูข้อมูล

MRR = 5.97% (as of May 22, 2020)

Note: MRR is based on the rate announced by KBank as of the loan application date.

Conditions

  • For customers applying for K-Home Loan during July 15 – October 15, 2020, and making mortgage registration by December 15, 2020.
  • The interest rates are offered to customers applying for K-Home Loan, regardless of type of home or commercial building, excluding those seeking to refinance their home or to purchase vacant land.
  • Customers must apply for MRTA mortgage life insurance per the following conditions. (The insurance policy must be approved and remain valid throughout the loan term.)
    • 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 taking a loan for homes located in projects under KBank support are entitled to loan amount not exceeding 100% of the appraised value.

Conditions

  • Customers taking a loan for homes located in projects under KBank support are entitled to loan amount not exceeding 100% of the appraised value. If the home price is 10.0 million Baht or more, loan amount shall be granted up to 80% of the appraised value.
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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

Interest rates​

  • Special flat rate for the first three years – as low as 3.70%
  • Make installment payments of 3,500 Baht/month for 1 million Baht loan amount during the first year
  • Additional loan amount is subject to interest rate equal to K-Home Loan interest rate​

More details

Period

Maximum 30 years

 

Credit limit

Customers taking a loan for homes located in projects under KBank support are entitled to loan amount not exceeding 95% of the appraised value. If the home price is 10.0 million Baht or more, loan amount shall be granted up to 80% 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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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

  • For an individual borrower, their net income must not be less than 15,000 Baht/month. For joint borrowers,​the combined income of both the principal borrower and co-borrower(s) must not be less than 15,000 Baht/month.
 

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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