Most people believe that "home debt" is considered "good debt" because it helps build their own assets. They are committed to making timely payments and maintaining the best credit for this loan. However, the challenge that "homeowners" face is the interest rate, which averages around 3.0-3.5% per year initially, but jumps to 6-7% per year starting from the fourth year. As a result, the monthly payments, after deducting interest, leave a significantly smaller amount to reduce the principal. Some months, payments barely touch the principal at all, which is a key reason many people decide to "refinance" to move their home loan to a new bank, starting with "lower initial interest rates" again. They believe that refinancing every 3 years will help them pay off their home debt the fastest, but this belief may not always hold true, as there are other factors to consider.

Refinancing is not as easy as many think. It starts with gathering information, comparing interest rates and terms from different banks, and discussing details with bank representatives. Preparing documents and submitting applications can become even more complicated if applying to multiple banks, taking at least 2-3 months. The process involves several steps, such as scheduling a home appraisal, signing contracts, notifying the original bank for redemption, and registering the mortgage with the new bank. Each step incurs costs, such as an appraisal fee of approximately 3,000 baht per time and a mortgage registration fee of 1% of the loan amount. This does not include other recurring expenses, such as fire insurance premiums or, in some cases, additional life insurance for loan protection (MRTA). Many focus solely on the seemingly lower interest rates but forget to consider the overall expenses that may make frequent refinancing every 3 years not as worthwhile as they think.

TTB emphasizes the idea of "changing beliefs... for a better financial life." As a leading home loan provider, TTB has established a framework to help homeowners effectively and sustainably reduce their home loan interest burden. This aims to make it the last refinancing that unlocks financial freedom for homeowners, allowing them to pay off their homes with peace of mind through a special program "Good Payments... with Rewards" for financially disciplined homeowners.

The "Good Payments... with Rewards" program is based on TTB's desire to assist customers, especially those who consistently make good home payments, by rewarding their commitment. The offer includes home loan refinancing with loan amounts starting from 2 million baht, special interest rates fixed throughout the contract starting at MRR-4.215%, equivalent to 3.39% per year. If you pay well, the rate will not increase in the fourth year. Customers can thus pay off their homes for the long term without needing to refinance every 3 years. For those who wish to request additional loan amounts to enhance liquidity or consolidate other high-interest debts, they can also apply for additional funds through the Top Up home loan, which will receive the same special interest conditions for the additional amount, starting at MRR-2.155% or equivalent to 5.45% per year, with no increase in the fourth year.

For those who want to make extra payments on their home loan but are concerned about needing emergency funds in the future, TTB has added the feature "Undo Extra Payment" to allow customers to withdraw the extra payments made back for immediate use via the TTB cash card. Additionally, customers will save costs with free! property appraisal fees and fire insurance premiums throughout the contract.

If you have financial discipline and have been a good payer, wouldn’t it be better if today TTB revolutionizes the refinancing home loan industry to help you pay off debt faster without needing to refinance every 3 years as before? Save unnecessary expenses, reduce recurring complications, and allow you to focus on what truly matters in life. This will be your last refinancing to ensure everyone has a better financial life.

Interested in refinancing your home loan? Move to TTB's "Good Payments... with Rewards" from April 17, 2025, to August 31, 2025. For more information and to apply, visit any TTB branch, the TTB Touch app, or online. Details can be found at https://www.ttbbank.com/link/pr-pon-dee-hlr.

*Borrow only what is necessary and repay within your means: The Good Payments... with Rewards program is available from April 17, 2025, to August 31, 2025, or until further notice. • Home loan refinancing with loan amounts starting from 2 million baht, with a true interest rate throughout the contract of 3.39% - 3.99% per year. • Top Up home loan with a true interest rate throughout the contract of 5.45%-6.05% per year. • Assumptions based on the MRR interest rate as of March 5, 2025 = 7.605% per year. • Floating interest rates may change. • Loan application and approval conditions are subject to the bank's criteria. • For more details on calculations, visit the website www.ttbbank.com.

 

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