Comparison of Bank Loan Interest Rates (Updated) After the MPC Cuts Policy Rate by 0.25%

The end of 2025 and early 2026 present opportunities for homebuyers, business borrowers, and SME loans following the Monetary Policy Committee’s (MPC) decision to cut the policy interest rate by 0.25% per year, from 1.50% to 1.25%, effective immediately on 17 December 2025. This prompted many commercial banks to announce reductions in loan interest rates to align with the more accommodative monetary policy.

This rate cut is a crucial moment for those planning to apply for loans, including home loans, business loans, SME loans, and overdraft facilities (OD). However, although overall interest rates have decreased, the specific rates, conditions, and effective dates vary across banks.

Before comparing interest rates, it is essential to understand the different "loan interest rate" abbreviations.

• MLR (Minimum Loan Rate) refers to the fixed-term loan interest rate applied to major clients or businesses with clear loan agreements.
• MOR (Minimum Overdraft Rate) is the interest rate for overdraft accounts (OD), suitable for businesses needing short-term liquidity.
• MRR (Minimum Retail Rate) is the retail loan interest rate, commonly used as the reference base for home loans, personal loans, and small SME loans.
• SPR / SPRL / SPRR (Islamic Bank terms) indicate profit rates replacing interest according to Sharia principles.
  These apply to Islamic loans for both large and retail customers.

Summary of the latest updated bank loan interest rates.

Bangkok Bank (BBL)

• MLR 6.45% per annum
• MOR 6.60% per annum
• MRR 6.60% per annum
• Deposit interest rates reduced by 0.05-0.10%

Note: Effective from 22 December 2025

Siam Commercial Bank (SCB)

• MLR 6.40% per annum
• MOR 6.425% per annum
• MRR 6.675% per annum
• Deposit interest rates reduced by 0.05 - 0.10%

Note: Effective from 23 December 2025

Krung Thai Bank (KTB)

• MOR 6.37% per annum
• MLR 6.40% per annum
• MRR 6.945% per annum

Note: Effective from 22 December 2025

Kasikornbank (KBank)

• MLR 6.62% per annum
• MOR 6.44% per annum
• MRR 6.68% per annum
• Deposit interest rates reduced by 0.05-0.10%

Note: Effective from 22 December 2025

Krungsri Bank (BAY)

• MLR 6.650% per annum
• MOR 6.475% per annum
• MRR 6.770% per annum

Note: Effective from 24 December 2025

TMBThanachart Bank (ttb)

• MLR decreased by 0.10%
• MOR decreased by 0.25%
• MRR decreased by 0.10%

Note: Effective from 23 December 2025

Government Savings Bank

• MOR 5.845% per annum
• MLR 6.175% per annum
• MRR 6.195% per annum

Note: Effective from 22 December 2025

Bank for Agriculture and Agricultural Cooperatives (BAAC)

• MOR 6.125% per annum
• MLR 6.025% per annum

Note: Effective from 1 January 2026

SME Development Bank

• MRR 7.175% per annum
• MOR 7.15% per annum

Note: Effective from 1 January 2026

Islamic Bank of Thailand

• SPR 7.55% per annum
• SPRL 7.70% per annum
• SPRR 7.95% per annum

Note: Effective from 1 January 2026

Although the policy rate has been lowered, the actual loan interest rates customers receive depend on loan type, specific bank promotions, borrower risk, and contract duration. Therefore, comparing the "base rates" (MLR / MOR / MRR) is a useful starting point for negotiation and decision-making when evaluating the latest loan interest rates.

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