Kasikorn Bank is committed to supporting its customers by raising the personal loan interest rate by only 0.10% and increasing the deposit interest rate by up to 0.25%

 

Mr. Krit Jitjaeng, Managing Director of Kasikorn Bank stated that the Monetary Policy Committee (MPC) has unanimously decided to raise the policy interest rate by 0.25% per annum, from 1.25% to 1.50% per annum, as a result of the continuously recovering economy, particularly in tourism and private consumption, which are crucial for supporting this recovery. To implement this policy and enhance customers' purchasing power amidst persistently high living costs, the bank has adjusted the fixed deposit interest rates upward by 0.10% to 0.25%.

However, the bank is concerned about retail customers and small entrepreneurs. To help these customers adapt smoothly to the rising interest rates, the bank has carefully and cautiously adjusted the loan interest rates, gradually increasing the personal loan interest rate by only 0.10% and adjusting other loan interest rates as follows:

- Interest rate for prime corporate customers for term loans (MLR)  increased from 6.37% to 6.57%

- Interest rate for prime corporate customers for overdraft loans (MOR) increased from 6.74% to 6.89%

- Interest rate for prime retail customers (MRR) increased from 6.50% to 6.60%

This will take effect from January 30, 2023, onwards.