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K-Home Loan

​​​​​​​​​​​​​​Real​ happiness for salaried workers!​
interest 0.6% for 8 months​

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Interest and Installment
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Get special zero-percent interest for 3 months!

 

Special Privilege

  • Get 10,000 KBank Reward Points Up to 100,000 points*
  • Get discounts for purchase of furniture at Index Living Mall, electrical appliances at Power One and INDEX HOME SERVICE

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Zero-percent special interest for the first 3 months

For company employees 

Interest rate
Year 1
Year 2-3
Year 4 through end of term
3-year average interest

Effective interest rate (20 years)


Month 1-3
Month 4-12

Option 1

(**Purchase insurance per the established conditions)

0%MRR -3.35%MRR -2.55%MRR -1.50%3.99%4.97%

Option 2

(Purchase insurance, but not based on the established conditions/ no insurance)

0%MRR -2.85%MRR -2.42%MRR -1.50%4.20%5.06%


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For business operators

Interest rate

Year 1
Year 2-3
Year 4 through end of term
3-year average interest

Effective interest rate (20 years)

Month 1-3Month

4-12

Type 1

(**Purchase ins​​​urance under the established conditions)

0%MRR -2.85%MRR -1.97%MRR -1.00%4.50%5.46%

Type 2

(Purchase insurance, but not based on the established conditions/ no insurance)

0%MRR -2.35%MRR -1.86%MRR -1.00%4.70%5.55%
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Minimum Retail Rate (MRR) = 7.12 percent (as of May 16, 2017)
Note:
The MRR may change subject to KBank’s financial position, which will be announced from time to time and posted at KBank branches and website.
Effective interest rate (EIR) is computed from a loan amount of 1 million Baht for a 20-year loan term.

Cond​​​​​​​​i​tions

  • ​Interest rate (effective interest rate) and special conditions shall be offered for loan applications submitted from May 1 to July 31, 2019, and mortgages registered by A​​ugust 30, 2019.
  • The interest rates under this campaign are offered to general customers who apply for K-Home Loan for purchase of land together with building or condominium or commercial building, either new or pre-owned; loan under this campaign cannot be used for refinancing, purchase of vacant land, or custom-built residential units.
  • Loan amount shall not exceed 90 percent of the home purchase price and shall not exceed 90 percent of the appraised value. Approved loan limit is subject to terms and conditions deemed appropriate by KBank. Customers may apply for a K-Home Décor Loan of up to 5 percent of home purchase price, but the combined K-Home Loan and K-Home Décor Loan must not exceed the appraised value.
  • For customers taking out MRTA mortgage life insurance, after the insurance has been approved they shall not cancel the policy, which is subject to the following conditions:
    • Customers may take out an insurance policy with 70 percent coverage of the loan amount for the full
       loan term; or
    • Customers may take out an insurance policy with full coverage of the loan amount for at least 70 percent of the loan term.
  • Muang Thai Life Assurance PCL is the insurer. Buyers should understand details of coverage and conditions before making any decision to purchase a policy. Insurance policy approval is subject to conditions and criteria of Muang Thai Life Assurance PCL.







Super Value K-Home Loan Festival Apply for K-Home Loan and enjoy PLUS

  • Get 10,000 KBank Reward Points for every 1 million Baht of loan! Up to 100,000 points* granted, which can be redeemed for cash
  • Get discounts for purchase of furniture at Index Living Mall, electrical appliances at Power One, and home services from INDEX HOME SERVICE


 

Discount ​of up to 20,000 Baht from Index Living Mall


 

When you purchase Index Furniture, Winner Furniture, Kitchen, Built-in, Bathroom, Logica, Serta or Theraflex furniture of the established amounts:

Amount/receipt (Baht)Discount
30,000 Baht or more1,000 Baht
50,000 Baht or more2,000 Baht
70,000 Baht or more3,000 Baht
100,000 Baht or more5,000 Baht
150,000 Baht or more10,000 Baht
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Note: Discount limited to 20,000 Baht/customer throughout the promotion.

 

POWER ONE electrical appliances

(participating products only)

Conditions: Promotion period is May 1-December 31, 2019. To use this privilege, customers must present the discount code sent via SMS within 60 days of the end of the program to staff at the point of purchase.


 

For home buyers, get special prices offered by INDEX HOME SERVICE


Special discount from APP Index Services​​

Service amountDiscount
5,000 Baht150 Baht
9,000 Baht350 Baht
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Conditions: Promotion period is from May 1 to December 31, 2019. Discount code will be sent via SMS to customers within 60 days of the end of the program. Customers may use the discount code in the application or present it to Index Living Mall staff.

 

Conditions KBank Reward Point

  • *KBank reserves the right to offer bonus points under the KBank Reward Point program to the first 400 K-Credit Cardholders (point accumulation) who have applied for loan amount of not less than 1 million Baht, registered mortgage within the established timeline, and taken out MRTA life insurance per the established conditions.
  • Customers without K-Credit Card are required to apply for K-Credit Card, which must be approved and activated by August 15, 2019. (Conditions for K-Credit Card application and approval are subject to criteria and conditions for loan approval determined by KBank.)
  • For every 1 million Baht of loan amount, customers are entitled to receive 10,000 bonus points under the KBank Reward Point program; limited to 100,000 bonus points per one loan account (a fraction of 1 million Baht shall be discarded).
  • Bonus points under the KBank Reward Point program will be shown in the statement within 60 days of the end of the program.
  • Eligibility: Cardholders in good standing with a good credit history, and not having been in default, in accordance with K-Credit Card terms and conditions as of the date of receiving the bonus points.
  • The following cards are not eligible for this promotion: corporate credit cards, business credit cards, MasterCard Titanium Credit Card, Fleet Card, and ThaiBev Credit Card.
  • KBank reserves the right to change the terms and conditions, and/or cancel this promotion program, without prior notice. Criteria and conditions for loan approval and other conditions are determined and deemed appropriate by KBank. In case of dispute, KBank’s decisions are final.
  • For more details and conditions, please call the K-Contact Center at 02-888-8888 or visit KBank’s website.

 

Conditions for Index Living Mall sales promotion program

  • Valid for K-Home Loan customers participating in the Get Point Get PLUS program who present discount code obtained from KBank (via SMS within 60 days of the end of the program).
  • Discount is limited to 20,000 Baht/customer throughout the promotion program.
  • Home décor products, Power One electrical appliances, Trend Design furniture, and Sealy, Dunloppillo, Omazz and Lotus mattresses do not participate in this program.
  • Non-participating items include HOT products, member price products, goods on sale, products under a buy-one-get-one-free program, redeemed goods at special prices, products under co-promotion programs offering other coupons and discounts and other promotion campaigns, and zero-percent installment payment program; combined amounts from more than one receipt are not valid, nor is deposit payment.
  • Promotion program: May 1-September 30, 2019, unless dates are changed with notice
  • The Company reserves the right to change or cancel the promotion program without prior notice.


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to loan approval*

​​​

*For pre-approval process, with complete required documents


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Types of Collateral

 

House

 

Townhouse

 

Commercial Building

 

Condominium

 

Vacant Land

 

House Remodelling


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Loan Details

Download Sales Sheet​

Interest

Get special zero-percent interest for 3 months!​​​

Interest rates​​


Period

Maximum 30 years

 

Credit limit

According to the format of valuation for land and buildings

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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For salaried workers

Low interest of 0.60 percent for 8 months​

คลิกเพื่อเลื่อน
Interest rate
Year 1
Years
2-3
Year 4-end of term
3-year average interest rate
Effective interest rate (EIR) throughout loan term (20 years)
Months
1-8
Months 9-12
Type 1
(*Insurance per the established conditions)
0.60%MRR-3.80%MRR-1.95%MRR-1.50%3.95%4.93%
Type 2
(Insurance not meeting the established conditions/no insurance)
0.60%
MRR-3.50%
MRR-1.70%
MRR-1.50%
4.15%
5.01%
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For business owners

​Low interest of 0.60 percent for 8 months

Interest rate
Year 1
Years
2-3
Year 4-end of term
3-year average interest rate
Effective interest rate (EIR) throughout loan term (20 years)
Months
1-8
Months 9-12
Type 1
(*Insurance per the established conditions)
0.60%
MRR-2.30%
MRR-1.45%
MRR-1.00%
4.45%
5.42%
Type 2
(Insurance not meeting the established conditions/no insurance)
0.60%MRR-2.00%MRR-1.20%MRR-1.00%
4.65%
5.50%
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  Remarks:

  • Minimum Retail Rate (MRR) refers to the lending rate that KBank charges its prime retail customers. The MRR may change subject to KBank’s financial position, and is therefore announced from time to time and posted at KBank branches and on KBank’s website.
  • An MRR of 7.12 percent, p.a. was announced on May 16, 2017.
  • EIR and the special conditions under the Super Value K-Home Loan Festival – Real Happiness for Salaried Workers (the “Project”) are offered to general customers applying for K-Home Loan with KASIKORNBANK PCL (“KBank”) during November 19 - December 30, 2018, who have their mortgage registered with KBank by January 31, 2019.
  • The interest rates under the Project are offered to general customers who apply for K-Home Loan for purchase of land together with building or condominium or commercial building, all of which are newly-built; loan under the Project will not be used for refinancing/purchase of pre-owned homes/vacant land and custom-built residential units.


Conditions

  • Loan amount shall not exceed 90 percent of the home purchase price, and shall not exceed 90 percent of the appraised value. In case the home purchase price is less than 1.0 million Baht, loan amount shall not exceed 80 percent of the home purchase price, and shall not exceed 80 percent of the appraised value. If the home price is 10.0 million Baht or higher, loan amount shall be granted up to 80 percent of the home purchase price, based on the terms and conditions as KBank deems appropriate.
  • Customers may apply for a K-Home Décor Loan of up to 10 percent of home purchase price, but the combined K-Home Loan and K-Home Décor Loan must not exceed the appraised value based on the terms and conditions as KBank deems appropriate.
  • *Customers are required to take out MRTA mortgage life insurance. After the insurance has been approved, they shall not cancel the policy, which is subject to the following conditions:
    • MRTA mortgage life insurance covers 70 percent or more of the loan amount for the full loan term, or
    • MRTA mortgage life insurance covers the full amount of the loan for at least 70 percent of the loan term.
  • Muang Thai Life Assurance PCL is the insurer. Buyers should understand the details of coverage and conditions before making the decision to purchase a policy. This decision is at the buyer’s sole discretion, and shall not have an effect on loan approval.
  • Policy approval is subject to conditions and criteria of Muang Thai Life Assurance PCL.
  • KBank reserves the right to change terms and conditions, and to discontinue this promotion, without prior notice. Criteria and conditions for loan approval as well as other conditions are determined by KBank. In case of dispute, KBank’s decisions are final.
  • For more details and conditions, please call the K-Contact Center at 02-8888888.



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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

To borrow on a K-Home Loan, what is the maximum amount granted by the bank?

Generally, to apply for a loan to buy a house with land, a townhouse, a commercial building, or a condominium, or to construct a residence, for general clients, the bank shall approve a maximum loan up to 80% of the estimated price, but for homes in certain housing projects financed by the bank, the maximum loan is up to 95% of the selling price. For more information, please inquire at 02-8888888

Is a minimum price fixed for the collateral?

Only for condominiums, the unit selling price must be 500,000 baht and above.

I already have an existing K-Home loan. If I want to apply for a loan for another property, is that possible?

A customer who is already making payments on an existing K-Home loan is eligible to apply for an additional loan. The customer must demonstrate clearly that the additional property is for residential purposes, not for leasing or profit-making purposes. Consideration is made based on the customer’s ability to repay the debt.

If the applicant has insufficient annual income to make the monthly payments for the requested loan, how can this problem be solved?
  1. Reduce the requested loan amount.
  2. Extend the loan terms, if possible, to reduce the monthly payment.
  3. If (1) and (2) are not possible, find an additional co-borrower.
In case of joint borrowing for a K-Home loan, how must the co-borrowers be related to each other?

They must be siblings, relatives, or married spouses; if they are unmarried, their relationship status must be confirmed by the customer, or if they have a child, the child’s birth certificate can be used to confirm the relationship status.

In case of refinancing from another financial institute, is there an applicable fee? How much is the fee?

Kasikorn bank’s regular fees, such as the collateral appraisal fee, are applied to customers who refinance from another financial institute to apply for a loan with Kasikorn Bank.


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