KASIKORNBANK (KBank), one of Thailand’s largest banks with nearly 80 years of experience, has expanded its reach to Vietnam, offering a diverse range of financial products and services for both personal and business customers.
Peace of Mind with a “Frozen” Interest Rate on Home Ownership
Deciding to take out a mortgage is a big step that significantly impacts one’s financial future. Opting for a fixed-rate loan over an extended period is a wise choice for those seeking stability and wealth building. Especially in a volatile market with ever-changing interest rates, a fixed rate acts as an umbrella, shielding you from unexpected risks.
Firstly, a fixed interest rate enables you to accurately forecast your monthly expenses, eliminating surprises caused by market fluctuations. This precision allows for peace of mind regarding your loan throughout its duration.
Secondly, with a predetermined fixed monthly payment, you can confidently invest in other profitable ventures, optimizing your savings potential. Additionally, owning a home is not just about having a place to live; it’s also about building a valuable asset. Real estate tends to appreciate over time, so owning a home can be a solid step toward establishing a robust financial foundation for the future.
In a scenario where market interest rates soar, borrowers with floating rates would face increased repayment pressure. Conversely, those with fixed rates remain unaffected by such fluctuations, safeguarding their assets.
In summary, opting for a fixed-rate mortgage with KBank is a smart financial move, paving the way for a stable and prosperous life. It empowers you to take control of your personal finances with confidence and peace of mind.
Easy Home Ownership with KBank’s Market-Leading Low-Interest Offer
To truly appreciate the advantages of fixed-rate loans, let’s delve into the attractive package offered by KASIKORNBANK Limited – Ho Chi Minh City Branch (KBank) for a comprehensive understanding.
For the initial three years, amidst a volatile market, KBank offers its customers absolute stability with a fixed interest rate of 6.25%/year. According to surveys, this places KBank among the banks with the lowest interest rates in the current market. This means you won’t have to worry about sudden spikes in interest rates affecting your repayment capabilities.
After this three-year period, the floating rate is calculated using the formula: 12-month term deposit interest rate of the BIG4 banks + 5% margin. Even with a floating rate, you can rest assured that the 12-month term deposit interest rate of the BIG4 banks remains relatively low and stable, typically below 5%, which is lower than the market average.
One of the biggest concerns when taking out a mortgage is the lengthy repayment period. However, with its exceptional benefits, KBank’s home loan package is a top choice for those seeking to own a home. KBank expedites debt repayment through various advantages and benefits, allowing you to settle your debt faster than anticipated.
Furthermore, investing in other profitable ventures, made possible by the accurate cost projection afforded by the fixed interest rate, can boost your income and accelerate debt repayment. Owning a home with KBank’s fixed-rate offer is not just a smart financial decision but also a pathway to a stable and prosperous life.
Learn more about KBank’s home loan package here or leave your contact information here to receive dedicated assistance.
