Thanachart Bank is making strides in the home loan market by introducing a new Offset Housing Loan, providing customers with more options to suit their diverse lifestyles. This innovative loan allows customers to use their deposits to reduce the interest calculated on their home loans while maintaining liquidity, enabling them to withdraw their deposits as needed. This results in lower interest payments and quicker account closures compared to traditional home loans, reinforcing the idea that obtaining a home loan should not hinder personal progress.



           Mr. Sunan Amhirun, Senior Director of Housing Loan Business at Thanachart Bank Public Company Limited, stated that the bank is committed to a customer-centric policy and has designed home loan products to meet the needs and lifestyles of various customer segments effectively. The bank currently offers a wide range of home loan products, including new home loans, second-hand home loans, refinancing loans, home construction loans, cash-out home loans, and Home Plus loans. Recently, they launched the Offset Housing Loan, a new type of home loan that combines home loan products with deposits, allowing customers to use their deposit balances to offset their home loan interest without needing to use the deposits as collateral. This provides customers with liquidity, enabling them to withdraw their deposits while reducing their home loan interest burden, which allows for quicker account closures compared to traditional home loans.


           The Thanachart Offset Housing Loan is ideal for customers who already have a certain level of cash or those with regular cash flow who are looking for a home loan that provides financial liquidity. In case of emergencies or for business investment opportunities, they can withdraw their deposits at any time. Borrowers simply need to open an Offset Housing Loan account alongside a deposit account for the Offset Housing Loan (with an interest rate of 0%) to use their deposit balance in calculating their home loan interest. In summary, the benefits include:
- Reduced home loan interest as deposits can offset up to 50% of the interest
- Liquidity, allowing customers to withdraw their deposits at any time
- Faster account closure compared to standard home loans
With these three standout features, this product is expected to meet the needs of this customer segment and ensure that obtaining a home loan does not hinder their life progress. For repayment of the Thanachart Offset Housing Loan, the bank facilitates automatic account debit (AFT) for payments, with interest rates and fees in accordance with the bank's announcements. Interested individuals can learn more at any Thanachart Bank branch, call 1770 and press 7, or visit www.thanachartbank.co.th.

 

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