CIMB Targets Home Refinancing with 1.44% First-Year Rate

Thanawan Chiarannan, Head of Consumer Lending at CIMB Thai Public Company Limited, said the overall home mortgage market in 2025 remains stable for both new and resale properties. Although government real estate stimulus measures are beginning to have a positive effect on buying sentiment, most consumers are increasingly focused on managing liquidity and long-term expenses.

"As the real estate market slows, banks are shifting emphasis from competing on new loan disbursements to caring for existing customers and expanding the refinancing market," Thanawan said. "This is an opportunity to significantly reduce customers' financial costs while banks can still grow based on customers with good repayment histories."

Bank data shows that many home loan customers who have been paying for more than three years have never refinanced, despite being able to reduce interest burden and monthly installments. Especially as the economy recovers only partially, reducing financial costs is an effective way to increase household liquidity.

To address this opportunity, CIMB Thai has launched a home refinancing program with a first-year interest rate of just 1.44%, the lowest rate the bank has ever offered. The bank can offer this competitive rate because it views refinancing customers as a quality segment with consistent repayment histories and clear credit data that allows accurate assessment of repayment capacity. This allows the bank to manage risk efficiently while passing benefits to customers through competitive rates.

For customers needing additional liquidity, the bank also offers refinancing with additional borrowing, allowing customers to use increased collateral value as additional credit lines for necessary expenses such as home improvements, education, or consolidating higher-interest debts.

The bank also provides a home refinancing cash-exchange product for customers wanting to boost liquidity with greater flexibility, without needing to wait three years as required by original loan terms before considering refinancing options. This allows customers to manage their financial obligations appropriately with changing circumstances and needs.

"Refinancing is one of CIMB Thai's core strengths," the bank stated. "We offer products covering all customer segments seeking to reduce interest, lower installments, increase liquidity, or plan long-term debt management, allowing customers to choose solutions matching their financial goals."

Beyond refinancing expansion, in 2025 the bank is also adjusting its new and resale home lending strategy to be more attractive, focusing on the home market at 5 million baht and above and Wealth customer segments, which still have growth potential and diverse financial service needs.

Customers with home loans of 10 million baht or more will be automatically upgraded to CIMB Preferred status, receiving comprehensive financial and investment benefits including investment management services, special transaction privileges, and access to diverse investment products. Leveraging the CIMB group's comprehensive investment product range including debt instruments and equities, the bank aims to provide full-service financial solutions.