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KTB Home Loan…. Light Installment

KTB Home Loan…. Light Installment

 

Light interest rate, pay installment only 1,000 Baht/each 1 million Baht per month
 

Special conditions

  • Interest rate 0.99% for 9 months
  • Enable customers to pay installment 1,000 Baht/each 1 million Baht per month in period of interest rate at 0.99%         
  • Maximum credit line 105%, conditions is subject to the Bank's announcement.

 

Interest rate

Conditions

1st Year

2nd – 3rd Year

After 3rd Year

Type 1:

MRTA*

1st  – 9th  month = 0.99
10th -12th month = MRR – 3.00

MRR – 1.50

MRR – 1.75

Type 2

1st  – 9th  month = 0.99

10th -12th month = MRR – 1.50

MRR – 1.50

MRR – 1.75

Remark * period of Mortgage Reducing Term Assurance (full amount) not less than 10 years and residential fires insurance not less than 5 years      

 

Credit line

  1. In case of horizontal residences, maximum credit line is not exceeding 95%
  2. In case of condominium, maximum credit line is not exceeding 90%
  3. In case of residence with sale amount up to 10 million Baht, credit line is not exceeding 80%  
  4. In case of refinance, maximum credit line shall not be exceeding the amount specified in No. 2.1-2.3 but not exceeding outstanding debt from financial institutions or existing financial organizations.
Special offers
           The Bank enables customers to require more Home for Cash Loan for the purpose of consumption/ multi-purpose expenditure but total amount after including with home loan shall not be exceeding 100% of appraisal price. Besides, the Bank enables customers to require more Home for Cash Loan for the purpose of paying life insurance premium of Mortgage Reducing Term Assurance. However, total loan shall not exceeding 105% of appraisal price, MRR interest per year.                

 

Promotion period
           Applying the credit requirement within December 2014 and performing juristic acts within 30 days counting from the date of informing customers the credit approval

 

Effective interest rate for entire contract term
           Type 1 = 5.73% and type 2 = 5.78% (calculated assumption: credit line in amount of 1 million Baht, 20 years for contract duration, paying installment in amount of 7,700 Baht per month and MRR = 8.00% per year)

 

 

Remarks

  • Loan consideration will be subject to the Bank's announcement and upon receiving the completion of supportive documents.            
  • The Bank reserves the rights to amend special conditions without prior notice.
  • The existing interest rate complying with the Bank on 2 April 2014, MRR equalizes 8.00% per year
    * Effective Interest Rate for entire contract term of type 1 = 5.73% and type 2 = 5.78%
    (calculated assumption: credit line in amount of 1 million Baht, 20 years for contract duration, paying installment in amount of 7,700 Baht per month)

 

For more information

 

 

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