Happy and worry-free! 3-Year Average Interest at only 3.34%* Loans of 100%
For projects of property developers established by KBank
Interest rate | Year 1 |
Year 2 | Year 3
| Year 4 - End of term | Without
insurance | With insurance** | Effective interest rate throughout loan term
(20 years) |
3-year average interest | 3-year average interest |
Option 1 | 0.70% | MRR -2.15% | MRR -1.75% | 3.56% | 3.48% | 4.64% |
Option 2 | MRR -3.70% | MRR -1.75% | 3.42% | 3.34% | 4.64% |
General Projects
For customers with regular in come
Interest rate | Year 1 | Year 2 | Year 3 | Year 4 - End of term | Without
insurance | With insurance** | Effective interest rate throughout loan term
(20 years) |
3-year average interest | 3-year average interest |
Option 1 | 1.00% | MRR -1.65% | MRR -1.50% | 3.98% | 3.90% | 4.94% |
Option 2 | MRR -3.50% | MRR -1.50% | 3.62% | 3.54% | 4.86% |
For Business Owners
Interest rate | Year 1 | Year 2 | Year 3 | Year 4 - End of term | Without
insurance | With insurance** | Effective interest rate throughout loan term
(20 years) |
3-year average interest | 3-year average interest |
Option 1 | 1.50% | MRR -1.15% | MRR -1.00% | 4.48% | 4.40% | 5.43% |
Option 2 | MRR -3.00% | MRR -1.00% | 4.12% | 4.04% | 5.34% |
Note: Minimum Retail Rate (MRR) = 7.12% p.a. (as of May 16, 2017)
Today-June 30,2018
Conditions
- Effective Interest Rate (EIR) and special conditions are effective from April 1 to July 31, 2018. Mortgage registration must be made within August 15, 2018.
- The MRR may change subject to KBank’s financial position and is announced from time to time and posted at KBank branches and website.
For projects of property developers established by KBank
- Interest rates shall apply to all types of residential properties for customers seeking to refinance their mortgage or purchase pre-owned homes of general projects. For more information, please call the K-Contact Center at 02-8888888.
- *Based on 3-years average interest rate of Option 2 for customers with regular income (applying for MRTA per the conditions)
- Loan can be approved at 95% of appraised value under the following criteria and conditions.
- If collateral price is less than 1 million Baht, loans of no more than 80% of the purchase price may be approved, which must not be more than 80% of the appraised value.
- If collateral price is 10 million Baht or more, loans of no more than 80% of the purchase price may be approved.
- In case of a condominium with purchase price under 10 million Baht, loan amount shall not exceed 90% of the purchase price
- In case of a town house, stand-alone home etc. with purchase price under 10 million Baht, loan amount shall not exceed 95% of the purchase price.
For General Projects
- Interest rates shall apply to all types of residential properties for customers seeking to refinance their mortgage or purchase pre-owned homes of general projects. For more information, please call the K-Contact Center at 02-8888888.
- Loan can be approved at 90% of appraised value under the following criteria and conditions.
- If collateral price is less than 1 million Baht, loans of no more than 80% of the purchase price may be approved, which must not be more than 80% of the appraised value.
- If collateral price is 10 million Baht or more, loans of no more than 80% of the purchase price may be approved.
- Customers may apply for a K-Home Décor Loan of up to 10% of collateral purchase price, but the combined K-Home Loan and K-Home Décor Loan must not exceed the appraised value.
- ** Customers are entitled to a 0.25% discount on home loan interest, p.a., during the first year, and interest on Pitaksin Life Insurance loan at the same rate of the home loan is applied to customers throughout the loan term when taking out a mortgage life insurance policy (MRTA) under the following conditions:
- MRTA mortgage life insurance covers 70% 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% of the loan term.
- Muang Thai Life Assurance PCL is the insurer. Buyers should understand details of coverage and conditions before making the decision to purchase a policy.
- 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 as KBank deems appropriate. Loan approval criteria and conditions as well as other conditions are determined by KBank. In case of dispute, the Bank’s decisions are final.
- To learn more, please call the K-Contact Center at 02-8888888.