NotiPass_80%K-Trade Connect will be closed on December 11, 2019 at 10:00 p.m. and resuming services on December 12, 2019 at 02:00 a.m. $More Details.%/en/announcement/Pages/SystemMaintenanceK-Trade-Connect.aspx
/en/personal/loan/home-loan/pages/home-equity.aspx
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Home to Cash
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Need cash? Just have a lien-free home or condominium! No need to own the home! Make installment payments with ease! Low interest!
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Interest and Installmen
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Collateral
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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
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Types of Collateral
Condominium
(Selling price / unit
not lower than 500,000 baht)
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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
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Interest
| Period- Up to 30 years (applicant’s age combined with repayment period must not exceed 70 years)
- O/D loan subject to annual renewal
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Fees / Expenses
- 3,000 Baht appraisal fee!
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Credit limit
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Loan amount not exceed 90% of the appraised value,
except the owner of the collateral dose not ask for the joint loan, will receive not exceeding 70% of the appraised value. - 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
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Nationality | Age- Be at 20 years of age and older
| 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.
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Duration of Employment
- Fixed income earners must have at least 6 months.
- Business owners / Self employed must have been in their current businesses for at least 1 year
| 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).
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| Required Documents |
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- 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)
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| Income |
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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
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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
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| Collateral |
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- Copy of title deeds / Nor Sor 3 / Nor Sor 3 Kor / or land ownership documents with all pages of the registration shown
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| Others |
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Refinancing from Other Financial InstitutionsThe 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 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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