Early Repayment Fees Abolished?

[skybluestu]

A colleague of mine mentioned today that all early repayment fees on loans in Thailand have been abolished. My wife has a small home loan (I am the guarantor) with Bkk Bank of about 30% of the purchase price and I remember there was a 3% fee mentioned if the loan was paid off within the first 3yrs. We are now 2yrs into a 10yr contract and I'd like to pay off the full amount but am waiting until next year to do so, if the early repayment fee is not applicable anymore then I will pay it off now.

Has anyone heard anything about this?

Thanks in advance

[aurelius]

You can pay off using your own money at any time (versus refinancing with another bank) and there are no penalty fees.

[skybluestu]

You can pay off using your own money at any time (versus refinancing with another bank) and there are no penalty fees.

Thank you.