EP.3 Home Loan Interest Review with Various Banks

This round, let's share the "real experience" after trying to borrow the house and talking to many banks. We have submitted to all 4 banks: Land & House, TTB, Krung Si and Savings, which we have compiled in detail, put a table to compare to make another choice (except for the 4th bank that has not been detailed), and below is a summary of all the discussions and experiences.

🎯 personal documents to be prepared.

• Copy of ID card

• Copy of household registration

• Statement of banks used to receive a 6-month salary

• Payroll Certificate + Bonus if applicable

• Payslip 6 months

🌞 Period of operation

• 1-2 days after filing until contact for documents

• Sun 1 TTB is the first bank to approve Home Loan + Decorative Loan with interest details.

• 2nd Sun Bank, Krung Si and LH confirmed the loan approval with details, but not yet confirmed the loan on top 10%.

• Sun 3, the Savings Bank confirmed that it passed 100% + 10% with a cursory interest but did not finalize the details.

* * This is where we start comparing and negotiating with banks, where we put together the selection, comparison and negotiation tricks below.

✨ How to choose a bank

• Compare "interest for the first three years" well because this period pays the least interest.

• See MRR after Year 4, because if it is too high, it will cause the annuities to rush. Pay a lot, but cut a little tree.

• Czech Covert expenses such as life insurance, MRTA, home appraisal, various fees

✨ How to negotiate

• Use "Approval from Another Bank" to negotiate. If not, can be made into a table like ours. → Many times, the bank will reduce interest / give more privileges.

• Ask for special deals such as Cashback, Free Valuation or Pro MRTA.

• Don't be afraid to ask, "Is there another pro?" Because sometimes he doesn't tell until he actually asks.

✅ Advantages found (see Figure 2, table below)

• Bargain and get cheaper interest by taking the cheapest interest bank.

• Some banks give us a cashback / privilege that reduces the first period. The first round of the Th.C gives us 15,000 cashbacks, two rounds give us 40,000, three rounds to 60,000.

⚠️ to be careful.

• Top up interest or supplementary loans, usually more expensive (but negotiable)

• MRTA, some forced too high, if not thinking of holding long, wasting money (choose and negotiate the TH.A. from the original 80% protection, pay more than thirty thousand, after the 100% protection, pay more than twenty thousand)

• Small conditions that we may forget, such as closing a refinancing loan. How many years later is there a fine?

Anyone who is going to borrow a house, try it as a guide. Tell me that bargaining with the bank is "worth it." Don't rush to decide from the first offer ✨ (who wants to know the name of the bank after the mic?)

# Home loan review # First house # Borrowing to buy a house # Big money story # House interest