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Home for Cash

​​​​Get Cash while still owning your home



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Interest and Installmen
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Collateral
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Loan Details

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Loan Limit
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How to Apply
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Low interest. Long-term loan.

Special interest
Easy payment for up to 30 years

Interest rates​​

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 Special interest  rate (only for customers taking out MRTA mortgage life insurance under the established conditions)
                    
Interest rate​First two years

Year 3-end of term

Effective Interest Rate (EIR)*

​MRR-1.00%​MRR-0.50%6.49%​

Remarks

  • * Effective interest rate calculation is based on 1 million Baht loan amount for a 20-year loan term.
  • Minimum Retail Rate (MRR) = 6.87% p.a. (as of Aug 15, 2019)​
  • MRR may change subject to KBank’s financial position, and is announced periodically and posted at KBank branches and website.

Conditions
  • Valid for K-Home for Cash applicants who submit their loan application from August 1 to November 30,2019, with mortgage registered by December 30,2019.
  • These privileges are offered to applicants for K-Home for Cash with loan amount of no less than 500,000 Baht who take out a mortgage life insurance policy (MRTA) covering 70 percent of the loan amount for the full term of the loan, or covering 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 have no effect on loan approval.
  • Policy approval subject to conditions and criteria of Muang Thai Life Assurance PCL.
  • KBank reserves the right to change the terms and conditions, or to discontinue this promotion, without prior notice. Loan approval criteria and conditions, as well as other conditions, are determined by KBank. In case of dispute, KBank’s decisions are final. For more information, please call the K-Contact Center, 02-8888888, or visit www.kasikornbank.com.


  • Conditions
    - Eligible collateral includes home together with land, townhouse, commercial building, condominium or Land.
    Property must be a residence of the applicant, not rental or commercial property. Condominium units must be valued at not less than 500,000 Baht; vacant plots of land are not eligible.
    - Collateral must be lien-free, with no mortgage or encumbrance with any financial institutions, except for the same type of loan to be redeemed from other financial institutions.

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What You Can Borrow

 

Loans

 

Overdrafts


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Types of Collateral

 

House with Land

 

Townhouse

 

Commercial Building

 

Condominium

(Selling price / unit
not lower than 500,000 baht)

 

Land​​


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​ Conditions
- Eligible collateral includes home together with land, townhouse, commercial building, condominium or Land.
Property must be a residence of the applicant, not rental or commercial property. Condominium units must be valued at not less than 500,000 Baht; vacant plots of land are not eligible.
- Collateral must be lien-free, with no mortgage or encumbrance with any financial institutions, except for the same type of loan to be redeemed from other financial institutions.

     

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Loan Details

Download Sales Sheet​

Interest

  • Loans​
    • ​Special Interest Rates ​​First two years: MRR-0.50%
    • Special Interest Rates ​​Year 3-end of term: MRR-0.50%
  • Overdrafts: MRR + 1.00%                       

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

Period

  • Up to 30 years (applicant’s age combined with repayment period must not exceed 70 years)
  • O/D loan subject to annual renewal
 

Fees / Expenses​

  • 3,000 Baht appraisal fee!

Conditions​​

  • ​​Valid for customers who have applied for K-Home for Cash, for not less than 500,000 Baht
  • ​​The customer must take out a mortgage life insurance policy (MRTA) covering 70 percent of the loan amount for the full term of the loan, or covering the full amount of the loan for at least 70 percent of the loan term.
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 Special interest  rate (only for customers taking out MRTA mortgage life insurance under the established conditions)
                    
Interest rate​First two years

Year 3-end of term

Effective Interest Rate (EIR)*

​MRR-1.00%​MRR-0.50%6.49%​

Remarks

  • * Effective interest rate calculation is based on 1 million Baht loan amount for a 20-year loan term.
  • Minimum Retail Rate (MRR) = 6.87% p.a. (as of Aug 15, 2019)
  • MRR may change subject to KBank’s financial position, and is announced periodically and posted at KBank branches and website.

Conditions
  • Valid for K-Home for Cash applicants who submit their loan application from May 1 to July 31, 2019, with mortgage registered by August 30, 2019.
  • These privileges are offered to applicants for K-Home for Cash with loan amount of no less than 500,000 Baht who take out a mortgage life insurance policy (MRTA) covering 70 percent of the loan amount for the full term of the loan, or covering the full amount of the loan for at least 70 percent of the loan term.
  • Waiver of 3,000 Baht appraisal fee is offered to the first 500 customers who register their mortgage with KBank.
  • 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 have no effect on loan approval.
  • Policy approval subject to conditions and criteria of Muang Thai Life Assurance PCL.
  • KBank reserves the right to change the terms and conditions, or to discontinue this promotion, without prior notice. Loan approval criteria and conditions, as well as other conditions, are determined by KBank. In case of dispute, KBank’s decisions are final. For more information, please call the K-Contact Center, 02-8888888, or visit www.kasikornbank.com.


  • Conditions
    - Eligible collateral includes home together with land, townhouse, commercial building, condominium or Land.
    Property must be a residence of the applicant, not rental or commercial property. Condominium units must be valued at not less than 500,000 Baht; vacant plots of land are not eligible.
    - Collateral must be lien-free, with no mortgage or encumbrance with any financial institutions, except for the same type of loan to be redeemed from other financial institutions.

​​

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Credit limit

Loan or O/D, or both, can be granted to not more than 90 percent of appraised value; minimum credit limit is 100,000 Baht.

  • Credit limit: 20,000,000 Baht
  • O/D limit: 5,000,000 Baht
  • Loan plus O/D limit: Up to 20,000,000 Baht (O/D limit granted up to 5,000,000 Baht)

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How to Apply

Qualifications

Nationality

  • Thai

Age

  • Be at 20 years of age and older

Income

  • Borrower’s net income must not be less than 15,000 Baht/month.
  • ​In case of co-borrowing, primary and each co-borrower must have net income of no 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 borrowers in total cannot exceed 2 persons, and they must have a kinship (except for spouses who not registered their marriage)
  • Borrowers are not required to own the home. If the borrower is not the homeowner, they must have a family relationship with the homeowner, such as parents, child, or spouse (registered or non-registered with child). ​
 
Required Documents
  • Loan application form and a letter of consent that have been completely filled out by the borrower and the co-borrower
  • Copy of the national ID card or government / state enterprise ID card (of the borrower and his or her spouse, and of the co-borrower)
  • Copy of the house registration (all pages)
  • Certificate of name-surname change (of the borrower and spouse, and of the co-borrower, if any)
  • For a registered marriage: copy of a marriage certificate
  • For a non-registered marriage: letter of marriage confirmation, or the house registration certificate/child’s birth certificate
  • For widowers: a certificate of divorce, a police daily report on separation, or the spouse’s death certificate, a certificate of name-surname change (if any)
Income

Fixed Income Earners

  • Payslip (not more than 3 months old) or an income certificate (not more than 3 months old) and / or a bank statement for the past 3 months

Retired Officials

  • A pension card or a pension payment cover letter or a bank statement for the past 3 months showing monthly pension payments credited to an account

If the applicant has other income, he or she must submit the following additional documents:

  • A bank statement for the past 6 months or a withholding tax certificate (50 bis) showing income for the past 6 months
 

Business Owners

  • A bank statement for the past six months (in the name of an individual or juristic person)
  • Other relevant income documents

Self-employed Applicants

  • A bank statement for the past 6 months or a withholding tax certificate (50 bis) showing income for the past 6 months
  • Other relevant income documents
Collateral
  • Copy of title deeds / Nor Sor 3 / Nor Sor 3 Kor / or land ownership documents with all pages of the registration shown
  • Copy of the land sales contract (Tor Dor 13)
Others

Refinancing from Other Financial Institutions

The collateral for refinancing must be the same loan type as the K-Home Equity loan.

  • Evidence of installment payments on the current housing loan or home loan statement for the past 1 year at least
  • Copy of any applicable mortgage contract with the former financial institution
  • Copy of any applicable mortgage contract with the former financial institution

Business Owners and Self-Employed Applicants

  • Copy of Commercial Registration Certificate (for business owners)
  • Copy of Juristic Person Registration Certificate issued by the Ministry of Commerce / Memorandum of Association not older than 6 months (for juristic persons)
  • Copy of lists of shareholders’ names, not more than 6 months old (for CL and PCL)
  • Professional ID card / income tax receipt (for self-employed applicants)
  • Financial statement (if you want to bring revenue into consideration)

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Frequently Asked Questions

What is Home Equity?

It is a credit limit for personal loan secured by the borrower’s own house, extended in the form of loans or overdrafts, or both.​

Can vacant land serve as collateral for Home Equity?

Properties required as collateral for Home Equity are land with houses, townhouses, commercial buildings and condominiums. ​​​​Vacant land is not accepted as collateral.

Can customers apply for Home Equity for refinancing purpose?

Yes, they can. The type of loan for refinancing must be the same as that of Home Equity, which is a personal loan secured by the borrower’s own house.​


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