Scb Home Loan Interest Rate

[choppychugger]

Hi

My first year fixed rate of 4% interest is now over and it has gone up to around 6%.

Is this likely to increase much more?

Does anyone else have a similar home loan with this bank ?

Am currently out of the country and will be back soon to have a chat with my bank manager, just wanted to see if anyone else has experienced this rise after the first year fixed rate is over.

Thanks

Choppy

[Redhawk]

I remember the days we saw 15+ for fixed a year, that were the better days!!!

[CWMcMurray]

I do not believe that Thailand offers a Fixed rate mortgage... so the rate will change and interest rates fluctuate.

I would say that given that we are on the upswing of the economic recovery it is much more likely that interest rates will increase rather than decrease in the short/mid term.

[choppychugger]

^ The term was only fixed for the first year.

Guess I'm intrested to see what others on here are getting for the home loans at present.

Choppy

[aurelius]

Your loan contract will quote your interest rate as "MLR +/- x.xx%" after the expiration of the "fixed" period. Or some loans have 2 fixed periods - the first "very cheap" and the second may be "less cheap" before you get to the MLR +/- state.

Current MLR is shown on the bank's website.

Most loans can be early repaid without penalty fees after 3 years.