These days we are starting to see more and more people renovating their homes, whether it's renovating the family's original house to make it more modern, or buying someone else's old house and renovating it into their own style, because it feels more economical and better value compared to the location and the continually rising prices of new homes today.
But the problem that requires a lot of thought and careful consideration is how we should renovate our home so that it feels worthwhile in terms of both aesthetics that please the heart, as well as the time and expenses involved Today, we're here to show you that renovating or decorating a home is easier than you think
First, survey what you actually want to do with your residence. Whether it's demolishing a wall here, building an extension to add a room there, or making various additions — even redecorating in a new style will inevitably involve changing the furniture as well. We recommend listing everything out in full.
Along with that, set an approximate budget, calculated from labor costs, material and equipment costs, furniture costs, and importantly, don't forget to account for hidden expenses. For example, those living in condos or housing estates will have a deposit to pay to the juristic person before making renovations, or some people need to set aside money to rent temporary accommodation during the renovation.
Wait!! It's not over yet. Here, we want to highlight and prepare you mentally that… the budget you've set may not be enough, because in reality, expenses often balloon beyond what was planned. So we recommend setting aside some reserve funds for emergencies, at least around 10% of the total expenses
What's clearly noticeable is that almost all of the expenses are lump sums such as materials and equipment, or even if payments to contractors or architects are split into installments, most still range from tens of thousands to hundreds of thousands or more, including monthly rent for temporary accommodation and furniture to buy for the home. All told, it can reach hundreds of thousands or even millions
So, for anyone looking for a lump sum of money at low interest to renovate their home, today... we have a convenient source of funding we'd like to recommend: turning your home into money with ttb's home equity loan, because it offers a high credit limit, lower interest than other loans, easy monthly installments, no guarantor required, and no need to sell your home — you get cash in hand and still get to keep living in your home as before It's suitable for people who own a home or condo that is free of encumbrances, or even if you're still paying installments to a bank, you can refinance with ttb and request additional credit as a home equity loan as well
And now..."TMB Thanachart" or ttb, has launched a new product “ttb Home for Cash Cash Card”, a first in the home loan industry, offering a ready-to-use credit line on a cash card to double your financial flexibility when applying together with a regular ttb Home for Cash loan. It is a single application that gives you both a lump sum transferred into your account and a ready-to-use credit line on a cash card
A new option for doubly flexible money use
The “ttb Home for Cash Cash Card” is one of the most interesting new products right now. It is the first bank to issue a cash card in the home loan category, which is secured. Normally, we see cash cards in the category of unsecured personal loans. Therefore, the interesting benefits that cardholders will receive are:
- Lower interest than typical cash cards, only 0.58% per month or just over 19 baht per day per 100,000 baht
- Minimum repayment of just 1% or you can pay in full if you wish—your credit line is immediately restored to the card
- Installment plans for goods and services (ttb pay plan) at 0% interest for up to 60 months at participating stores
- Free annual fee No worries about redundant payments —spend with peace of mind
- Withdraw cash via ATM at any machine, any bank, with no fees
- Transfer money from the card to your account instantly Convenient and easy via ttb touch
These 2 products are highly suitable for people who are thinking of renovating their home, because after taking out the loan, the credit line can be split into 2 parts as follows
Part 1 : For large expenses that are certain to occur and already planned, such as contractor fees that must be paid in installments, the cost of pre-construction materials for the renovation, rent, and various deposits that will arise. For this part, it is recommended to take out a regular home-for-cash loan, because the bank will provide it as a lump sum transferred to your account. Interest will start accruing from the date you receive the money, but at a low rate with reducing balance repayment, paid in equal monthly installments. Therefore, it helps you manage your money well along with fixed monthly repayments.
Part 2 : Takes the form of a reserve credit line on the ttb home-for-cash cash card Once this money is transferred to the card, no interest will be charged yet. The bank only charges interest when you withdraw and use the funds. Therefore, it is suitable for unexpected expenses or small miscellaneous expenses that may balloon during the home renovation. Or, for those who have planned very well and have sufficient funds, they may choose to use this card to pay for items in installments like a credit card.
You can pay for goods and services in installments (ttb pay plan) at participating stores with 0% interest for up to 60 months, for example, purchasing furniture and home decorations, electrical appliances at Index Living Mall, SB Design Square, HomePro, Boonthavorn, Power Buy, as well as mobile phones and IT devices from many leading stores. Click for more details at https://www.ttbbank.com/cyh-cashcard-payplan
_1.jpg)
After deciding on the loan and completing the application, the next step is preparing documents to submit to the bank. The main ones are a copy of your ID card and house registration, salary slips for employees, and income-expense statements for the self-employed, including a 6-month bank statement, along with collateral documents such as a copy of the land title deed or a copy of the condominium ownership certificate, and other related documents
Interested in applying, or read more details at https://www.ttbbank.com/cyh-cashcard-livinginsider
Before we wrap up, a little reminder: besides choosing a trustworthy bank and loan like “ttb Home Cash Loan and ttb Home Cash Cash Card”, don’t forget to choose good professionals in both architects and contractors, so that our new home turns out beautiful and satisfying, giving us a feeling of happiness in every dimension
