Type 1 : Fixed Interest Rate for 3 Years
|
Period |
Interest Rate (per annum) | |
|
Option 1: Apply with MRTA and do direct debit on saving deposit account to service the loan installment (Waiver of Mortgage Registration Fee)* |
Option 2: Apply with no MRTA (No waiver of mortgage Registration Fee) |
|
|
Year 1st |
3.50% |
3.65% |
|
Year 2nd |
3.50% |
3.65% |
|
Year 3rd |
3.50% |
3.65% |
|
thereafter |
MRR - 2.00%
|
MRR - 2.00% |
|
Average 3 years
|
3.50%
|
3.65%
|
|
Effective rate**
|
5.00%
|
5.06%
|
Type 2 : Float Rate
|
Period |
Interest Rate (per annum) | |
|
Option 1: Apply with MRTA and do direct debit on saving deposit account to service the loan installment |
Option 2 : Apply with no MRTA |
|
|
Year 1st -2nd |
MRR – 5.01% |
MRR – 4.86% |
|
Year 3rd |
MRR – 4.40% |
MRR – 4.05% |
|
thereafter |
MRR – 2.00%
|
MRR – 2.00% |
|
Average 3 years
|
3.19%
|
3.34%
|
|
Effective rate**
|
4.86%
|
4.92%
|
Type 3 : Float Rate (Monthly Income 70,000 Baht or above)
|
Period |
Interest Rate (per annum) | |
|
Option 1: Apply with MRTA and do direct debit on saving deposit account to service the loan installment |
Option 2 : Apply with no MRTA |
|
|
Year 1st -2nd |
MRR - 5.80% |
MRR - 5.70% |
|
Year 3rd |
MRR - 3.40% |
MRR - 3.30% |
|
thereafter |
MRR - 2.00%
|
MRR - 2.00% |
|
Average 3 years
|
3.00%
|
3.10%
|
|
Effective rate**
|
4.76%
|
4.80%
|
Type 4 : Float Rate (Monthly Income 70,000 Baht or above)
|
Period |
Interest Rate (per annum) |
|
Apply with MRTA and do direct debit on saving deposit account to service the loan installment |
|
|
Year 1st -2nd |
MRR - 5.50% |
|
Year 3rd |
MRR - 3.10% |
|
thereafter |
MRR - 2.00%
|
|
Average 3 years
|
3.30%
|
|
Effective rate**
|
4.88%
|
Minimum Retail Rate (MRR) as of May 31st, 2019 is 8.00% per annum and subject to change from time to time in accordance with Bank of Thailand’s policy.
Remark :
*Waiver of mortgage registration fee’s condition for interest rate option 1 :
- Must do Mortgage Reducing Term Assurance (MRTA) as follow :
- MRTA sum insured equivalent to Home Loan + additional loan (if any) with insurance coverage at least 10 years OR
- MRTA sum insured at least 80% of Home Loan + additional loan (if any) with insurance coverage the whole loan tenor
- Must open saving deposit account and apply direct debit to service monthly loan installment
- Waiver of mortgage registration fee with maximum of THB 100,000 only for Home Loan and term loan for MRTA
- Additional loan request will not get waiver of mortgage registration fee and normal interest rate will be applied
- In case customer have full redemption before 5 years (no matter of reasons) from loan contract date, customer must pay back mortgage registration fee to the bank
**Interest rate for THB 1,000,000 loan with loan tenor of 15 years and MRR = 8.00%. Such effective interest rate above is just a sample calculation for this advertising only. Effective interest will be different for each customer depending on their term and conditions
Interest Rate for Top-up on Refinance
|
Period |
Interest Rate (per annum) | |
|
Option 1 : Apply with MRTA* (No waiver of Mortgage Registration Fee) |
Option 2 : Apply with no MRTA (No waiver of mortgage Registration Fee) |
|
|
Year 1st -2nd |
MRR - 2.75% |
MRR - 2.60% |
|
Year 2nd |
MRR - 2.00% |
MRR - 1.85% |
|
thereafter |
MRR - 1.75%
|
MRR - 1.75% |
|
Average 3 years
|
5.50%
|
5.65%
|
|
Effective rate**
|
5.94%
|
6.00%
|
Minimum Retail Rate (MRR) as of May 31st, 2019 is 8.00% per annum and subject to change from time to time in accordance with Bank of Thailand’s policy.
Remark :
*Condition for the interest rate option 1:
The applicant must do Mortgage Reducing Term Assurance (MRTA) as follow:
- MRTA sum insured equivalent to Home Loan + additional loan (if any) with insurance coverage at least 10 years OR
- MRTA sum insured at least 80% of Home Loan + additional loan (if any) with insurance coverage the whole loan tenor
** Interest rate for THB 1,000,000 loan with loan tenor of 15 years and MRR = 8.00%. Such effective interest rate above is just a sample calculation for this advertising only. Effective interest will be different for each customer depending on their term and conditions.
