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Home to Cash

​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 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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For salaried workers
Interest rate​Year 1-end of term

3-year average interest rate​

Effective Interest Rate (EIR)
throughout loan term (20 years)

​MRR-0.50%​5.47%5.47%

For business owners
Interest rate​Year 1-end of term

3-year average interest rate​

Effective Interest Rate (EIR)
throughout loan term (20 years)

​MRR+0.50%​6.47%​6.47%

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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

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!
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For salaried workers
Interest rate​Year 1-end of term

3-year average interest rate​

Effective Interest Rate (EIR)
throughout loan term (20 years)

​MRR-0.50%​5.47%5.47%

For business owners
Interest rate​Year 1-end of term

3-year average interest rate​

Effective Interest Rate (EIR)
throughout loan term (20 years)

​MRR+0.50%​6.47%​6.47%


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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 6 months of experience. 
  • Business owners 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). ​
 
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 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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