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MBK Offering Foreigners Freehold Property Finance

Category: Real estate, Posted:25 Aug 2010 | 06:00 am

Leading Thai institutional group MBK PCL through a subsidiary MBK Guarantee Ltd. have gone into the real estate financing business.
On offer to foreign homebuyers in freehold condominium projects are terms with key items being loans between THB 2 to 20 million and monthly payments over 2-10 years.
A balloon payment at the end of the loan of up to 50% of the total can be arranged. Interest is set at MLR (minimum leaning rate) plus 2% per annum.
There is no requirement for employment in Thailand or permanent residence. For those over 60, only 50% of the value can be financed.
For more details contact Khun Supatida Bhuvanit at email [email protected] or phone 02 620-7126.

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