About Home Loan Refinancing

In the beginning of every home loan you need to determine the repayment period and Installment amount. But what happen when your financial situation changes during your repayment period? With your old loan you are contractual addicted to the old conditions. In this Situation the refinance loans of rabbit finance can help.

In general refinancing means to replace an old loan with a new one. The intention with refinancing is to pay as less interests as possible. The big advantage of a new refinancing loan is, that you are able to determine your installments and repayment period newly. That means you can decide between new conditions to influence the loan installments and interest rates.

Refinancing options

Shortening or lengthening the loan repayment period

When you borrow money with a loan you need to pay fixed or adjustable interest rates every year. Because of this a loan with a long repayment period is more expensive in total.

With the new refinancing loan you can decide how high the new monthly installment amount should be. If you want to save money and repay less money in total, you should determine the installment amount as high as possible, for shortening the repay period. If you can’t afford your old loan conditions any more you can also do exactly the opposite. If you should decide to extend the time repayment period you automatically decrease the installment amount.

Converting between fixed and adjustable interest rates

If you raise a mortgage you often have the opportunity to decide between fixed and adjustable interest rates. Depending on the respective situation for loan conditions can one option be strategical better than the other. Often the financial situation changes during the repayment period. With a refinance loan you can adapt your interests to the new financial situation.

If the interests are falling an adjustable interest rate is the better option. There would be a high chance that your interest rates would become lower in the future. Furthermore fixed interest rates are often higher than adjustable rates.

If you want to know more about the opportunity to choose between fixed and adjustable rates please contact our customer service.

Benefit from better loan conditions

During the repayment period of your loan it is possible that the common interest rates have been decreasing. In this situation you would lose a lot of many keep on paying your old loan installments with the old conditions. Loan refinance gives you the opportunity to benefit from new loan conditions with lower interest rates.

Moreover if you have a loan with adjustable interest rates and you don’t really need to care about changing interest conditions, it could be that your current loan providers do not offer the cheapest loan conditions any more. In this case a refinance loan could also be an option to save money.

Capability checking

The first step you have to do in the applying process for a refinance loan is to find out if the whole process is worthwhile.

You should check, if you need to pay fees or penalties when you change the provider of your home loan. It could be possible that these fees could wipe out any savings of refinancing. A calculation is very important in this situation. If the savings due to the lower interest rates of your new refinance loan are not higher than the fees, refinancing would not make sense.

But if this circumstance is applicable there are still some options to save with refinancing. In some cases the banks have something like a blocking time for refinancing in your loan contracts. In this case you need to wait until this time is expired before you can benefit from refinancing.

Application

If the result of your calculation is positive, nothing should hold you back to go on with the next steps of rabbit finance refinancing. You can use our free consulting service to find the best and cheapest refinancing deals. With rabbit finance we guarantee you to receive the cheapest refinance solutions in Thailand.

The only thing you need to do is to fill in your personal details into the lead form. Subsequently you need to wait a few minutes until the rabbit service will call you back. During the phone call our financial experts will provide you the cheapest refinancing loan for your needs. Afterwards your new bank provider will contact you.

For your new provider it is necessary, that you need to gather all your information and documents for a new home loan. Needed information are for example bank statements, salary information of the last years and credit arrangements.

As the last step, before you will receive your new improved refinance loan, the bank provider will value your property to make sure that the bank has an appraisal. Subsequently you will receive the new loan as fast as possible and you can start saving money.

We are a professional financial broker and part of the BTS Group. In addition to the connection with rabbit finance's famous mother company we have leading partners in all financial sectors. We are Thailand’s leading insurance broker and a successful financial service provider. Our intention is to provide our customers the best financial product that exactly fits to their needs. Furthermore our service is free to use and will remain free in future.

In addition rabbit finance attach importance to an excellent customer service in any situation. Our call agents and service staff will help you with every question according to all our products. We have financial experts in our team that are trained to help you especially with loan refinancing and home loans. Besides our call service we offer contact solutions like our live chat to guarantee your satisfaction

Another issue for rabbit finance is our security system. We use the highest safety standards of Comodo on all our websites and financial services. It doesn’t matter if you use our free consulting service, if you want to apply for a personal loan, if you want a new credit card or if you want to use rabbit finance's comparing service, your data will be always secured.

About SCB bank

In 1907 Siam Commercial Bank has started it mission to become Thailand’s best universal bank. Today the bank provides a wide range of financial services for business customer as well as personal solutions. As one of Thailand’s leading financial providers does SCB Bank meet all necessary conditions to provide you a comprehensive and trustable banking service. You can decide between a wide choice of loan quotations to receive the best finance service for your needs.

Home loan products of SCB bank

My Home My Cash

With this type of home loan you can get money for an existing house or property. We use your house as a financial security and you will receive a loan. The amount can be as high as the value of your property. It is the perfect solution to receive a high loan amount without high restrictions.

Benefits:

No need to wait for appraisal nor for guarantor
High loan amounts of up to 10 million THB
No securities valuation fee
No mortgage fee
Installment periods of up to 30 years
Easy installment payment with cheap interest rates
Loans can be used for multiple purposes

Qualifications:

You need to have a Thai nationality
The applicant need to be at least 20 years old

SCB New Home Loan

Have you ever dreamed of an own home for your family, or have you seen your dream property, but you are currently not able to afford it? For this situation the Home Loan of SCB Bank exists.

Benefits:

Loans available for up to 100% of the appraisal property value
Flexible options with fixed or floating interest rates
More than 1,000 branches around the nation for an excellent customer service
Determinable installment rates with repayment periods up to 30 years

Qualifications:

You need to have a Thai nationality
The applicant need to be at least 20 years old
The borrower need to earn more than 15.000 Baht per month

SCB Refinance

SCB Bank’s refinance loans are for everyone who wants to save money by reducing the interests of an existing home loan, or for people who want to improve their loan conditions by changing the repayment conditions of the loan.

Benefits:

The refinance loans of Siam Commercial Bank are available for up to 100% of the appraisal home or property value.
The borrower can choose between fixed or floating interest rate conditions
The loan amount can be up to 10 million THB depending on the property appraisal
The maximum repayment period is 30 years

Qualifications:

The borrower have had a home loan for more than two years with a different provider
The borrower is at least 20 years old
The borrower need to have a Thai nationality to apply for a refinance loan

SCB Home loan/ SCB Home Loan Top Up

With this home loan product SCB Bank offers financing for housing projects. You can apply for this loan if you have a plan to purchase or built a property. The conditions and installment amounts will be determined by the SCB bank.

After two years of punctual payments and a very good credit history, the borrower is able to receive another Top Up loan of up to 5 million baht.

Benefits

A maximum loan amount of 90% of the project value with a maximum repayment period of 30 years.
Fixed or floating Interest rate based on MLR.
Benefit from an optional long-term fire insurance (2 to 30 years).

SCB Home Loan for Professionals

In addition to the normal home loans SCB Bank also offers special loan solutions for professionals. These loans are available for physicians, dentists, veterinarians, pharmacists, lawyers, and university lecturers of associate professor level or higher.

SCB Home Builder

This Home loan is a special loan for building you dream home. This home loan is the perfect solution to fulfil your dream of an own customized home. Benefit from a 100% construction coverage and an extra loan top up of up to 30% for decoration or furniture.

Benefits:

Receive a credit amount of up to 100% of construction cost (in case of freehold land plot).
Total credit line of up to 90% of appraisal value of land plot and structure.
Benefit from additional loan to up’s of up to 30% for decoration or purchase of furniture according to conditions of the Home Builder program
You are able to decide between fixed or floating interest rates
You will receive an excellent customer service, which will help you with all your questions.

Qualifications:

The qualifications of this loan are depending on the loan conditions. For more information please contact the customer service.

About Krungsri bank / Bank of Ayudhya

Krungsri Bank offers financial solutions of highest standards including innovative products and services to remain one of the leading banks of Thailand. Moreover a variety of different awards show the professionalism and expertise of this loan provider. Next to an innovative home refinance service does Krungsri Bank offer different other loan solutions. If you want to build a house or if you own a house and need a high amount of easy money, Krungsri Bank offers appropriate home loans.

Home loan products of Krungsri bank / Bank of Ayudhya

Krungsri Home Refinance

Features:

Saving of the total interest amount through shorten the repayment period
Saving with the most cheapest interest rates
Fast and easy apply process
A repayment period of up to 30 years

Qualifications:

The applicant age need to be between 20 and 65 years
Permanent employees, government officials or state-enterprise employees with no less than 2 years of work period
Self-employed persons with no less than 2 years in business operations
Co-borrower(s), if any, must be immediate family member(s) of the primary borrower

Krungsri Home Loan/ Home loan for Condominium

Buying a home is one of the biggest decision in life and many people only do it once. Krungsri Bank understands this difficult decision. Because of this they offer your help with a personalized home loan. Moreover Krungsri Bank offers loans to buy Condominiums

Features:

Some of the lowest interest costs on the market
A loan amount of up to 90% of the property appraisal value for Home loans
A loan amount of 100% of appraisal value without an appraisal fee for condominiums
Fast and easy apply process
The home loan has a maximum repayment periode of 30 years.

Qualifications of Home and Condominium Loan

The applicants age need to be between 20-65 years
Permanent employees, government officials or state-enterprise employees with no less than 2 years of work period (for both previous and present employments)
Self-employed persons with no less than 2 years in business operations

Krungsri Home for Cash

For every owner of a house, condominium or other property Krungsri bank offers the Home for Cash loan solution. You can raise a mortgage on your property and receive easy money.

Features:

For applicants owning their own property
Easy and fast application process
Lower interest rates than with other loan solutions
A maximum loan amount of up to 80% of the appraisal value

Qualifications

The applicants age need to be between 20-65 years
Permanent employees, government officials or state-enterprise employees with no less than 2 years of work period (for both previous and present employments)
Self-employed persons with no less than 2 years in business operations

Krungsri Deposit for Loan

In addition to the basic offers Krungsri Bank also provide a very flexible deposit for loan solution. It is a multi-purpose overdraft credit with a maximum credit limit of 5 million THB.

Krungsri Home Loan for Second Hand Home

Receive a loan to buy an already used house or condominium. The maximum loan amount is 90% of the appraisal property value. The necessary conditions are same as for a normal home loan.

Krungsri Home Loan for Special Occupation Group

Krungsri Bank provide special loan conditions for professionals including physicians, dentists, veterinarians and pharmacists. If you should apply for this home loan you can benefit from preferential interest rates on condition that the loan amount is more than 1 million THB.

About Bangkok Bank

Bangkok Bank was founded 1944. The company offers a wide range of financial services, for personal as well as business customers. Bangkok bank has the largest retail customer amount in Thailand and more than 600 branches spread in the country. It is one of the largest banks in Southeast Asia and the largest bank of Thailand. These factors make Bangkok Bank a trustful financial home loan partner. You can choose between a wide variety of home loans for different types of home projects und different borrowers.

Whether for employees, high income earners or families, Bangkok Bank provide suitable Home loan solutions. Bualuang Home Loans are designed flexible and customizable, to fulfill dreams of own property for everyone.

Home loan products of Bangkok Bank

Bangkok Bank Refinancing Loans

A loan for everyone who wants to improve old loan conditions. Find the cheapest interest rates from Bangkok bank and determine new loan conditions and repayment periods for your needs.

Features:

Refinance your mortgage with lower interests
Determine new repayment periods
Receive up to 100% of the old loan amount
Choose between land and residential property as collateral
Free management and changing service
The appraisal fee is only 3.000 THB

Bangkok Bank Housing Project Home Loans

This loan solution of Bangkok bank is addressed to people who want to buy property like a house or a condominium in Thailand.

Features

You are able to receive 100% of the property purchase price as a home loan.
Repayment periods of up to 30 years
Free repayment choices. You can decide between flat rate plan or step installments
Waived appraisal fee

Bangkok Bank Special Home Loans for High Income Earners

This home loan is addressed to people who earn at least 50.000 THB per month. Moreover do you need to meet other conditions to be qualified for this type of home loan.

Your salary need to be paid into a Bangkok Bank bank account
You need to work in an accepted business company ranked in Thailand’s 1000 top companys
Your employer need to be registered in the Thai stock exchange

If you meet the conditions you can use Bualuang Home Loans to buy or build new residential property. Furthermore it is possible use this loan for refinancing.

Features

You are able to receive 95% of the property purchasing price as a home loan.
Repayment periods of up to 30 years
Choose between land and residential property as collateral
Save because of a waived appraisal and service/ management fee

Bangkok Bang Home Loans for Bank Properties

Bangkok Bang is the owner of a variety of properties, including houses, condominiums and commercial buildings in Thailand. The Home Loan for Bank properties of Bangkok Bank supports you to buy this properties with exclusive conditions.

Features

You are able to receive 90 % of the property sales price as the maximum loan amount
Your collateral is the property from Bangkok Bank
Save because of a waived appraisal and service/ management fee
Repayment periods of up to 30 years

Bagkok bank Sinmathaya Subthawee Deposit Customer home loan

Receive special offers with a Sinmathaya Subthawee bank account. If you have already made monthly deposits for a time period of 12 month you can benefit from cheaper loan conditions. Moreover it is possible to apply for this conditions within one year after the end of the Sinmathaya Subthawee Deposit account.

Features