KBC reduces mortgage rate by 0.2% for current account customers

DMcL1971 said:

There is information on it in their 'Press & Media' section.

[broken link removed]

Click to expand...

For customers who draw down from the 5th of August, we will allow them to avail of the discount providing they have fulfilled the offer conditions;

• Opened a current account with salary mandated
• KBC mortgage direct debit drawn on same
• Discount will only be applied once the new offering is launched c. End of August and once the above conditions are met and customers have signed the required rate change letter.

Note: Mortgage customers will draw down on existing rates and will not be able to avail of the current account discount until it is launched and once conditions have been fulfilled.
Further details of the management of customers with existing loan offers who will not have drawn down pre-launch will be made available closer to launch date.

Click to expand...

Optional Current Account Mortgage Rate Conditions

To avail of the optional extra Mortgage Discounted Rate (KBC’s prevailing new business fixed or variable rate with a discount of 0.20%), you must mandate your salary to your KBC Current Account (In an instance where a customer is self-employed, you must establish a monthly transfer to the Current Account to lodge an amount that is at least equal to the monthly mortgage repayment). You must also pay your new KBC Mortgage by Direct Debit from your KBC Current Account.

If you cease mandating your salary to your KBC Current Account and/or paying your KBC mortgage by Direct Debit from your KBC Current Account, the interest rate on your KBC Mortgage will increase by 0.20% i.e. the discount will no longer apply.

All other terms and conditions applicable to the KBC Current Account and the KBC Residential Mortgages shall continue to apply to the respective products

Click to expand...