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MBK Offering Foreigners Freehold Property Finance

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Posted: 25 Aug 2010 | 6:00 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 supatida@mbk-center.co.th or phone 02 620-7126.

DO YOU LIKE THIS?

Hello,

I have a loan on a villa in Kamala for 8 million baht which i would like to re-finace. The villa is valued at 18 million THB. Can you tell me if you are able to assist me and what are your typical interest rates and payment periods.

Regards

Mark

Bill Barnett responds:
Best to contact MBK at the details in the story.

Mark Tilsley, 26 Aug 2010 | 11:47 pm

Great news!is this available also in Phuket or Particular only in Condominium project in Bangkok?

Bill Barnett responds:
Both.

Theholmeplace, 26 Aug 2010 | 4:58 pm

MBK is also offering mortgage loan for foreinger to refinance thier existing properties with attractive interest rates. Please contact me at +66 2 6207120 or email me for more information.

Bill Barnett responds:
Good news indeed.

Sakchai Suthipipat, 24 Aug 2010 | 3:32 pm

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