Mr. Alongkot Boonmasuk, Housing Loan and Micro Loan Product Management Department Head, said the "Super Value K-Home Loan Festival" campaign will offer improved customer access to residential credit facility. Loan limit will be granted at up to 90 percent of the purchase price, with the possibility of obtaining additional funds under the K-Home Decor Loan for decoration purpose at up to 10 percent of the purchase price; the combined amounts will not exceed 100 percent of the appraisal price. In addition, special interest rates are offered at zero percent for the first to third month, 3.5 percent for the fourth to 12th month, MRR-1.80 percent for the 13th to the 36th month, and beyond that MRR-1.25 percent until the ending of loan contract. KBank's MRR now stands at 7.62 percent p.a.
Customers taking out a life insurance policy with the sum insured at full coverage of the loan amount for the full term of the loan, in order to help them minimize risks from loan burden in case of unexpected events, are entitled to a reduced interest rate of 0.25 percent during the first year. The first 500 customers to register their mortgage are entitled to a Big C or Tesco Lotus gift voucher with a value of up to 2,400 Baht.
In addition, K-Home Loan customers participating in this campaign will enjoy exclusive privileges and discounts from KBank's business partners such as AIS Fibre, which offers a 50-percent-off home broadband internet package for three months with world-class entertainment via AIS PLAYBOX, plus no installation fee for all packages. Eligible customers are also entitled to a discount of up to 10,000 Baht when buying furniture, or complimentary gifts of up to 15,900 Baht on the purchase of Power One electrical appliances at any Index Living Mall outlet.
Customers eligible for the "Super Value K-Home Loan Festival" campaign are those applying for K-Home Loan and registering their mortgages with KBank from now until October 31, 2017. For more information, please contact any KBank branch nationwide, or our K-Contact Center, Tel. 02-888-8888.
KBank expects that this campaign will be well-received by our customers, and has set a target to extend K-Home Loan under this campaign at 8 billion Baht. For 2017, KBank is targeting a total of 52.9 billion Baht in new K-Home Loan, and expects that outstanding home loans this year will grow 5-7 percent, added Mr. Alongkot.