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

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

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.

^ 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

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.