MBK Offering Foreigners Freehold Property Finance

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.