Property Directory. We are listed under Real Estate Assistance Providers category
Financing of Residential Property as well as Financing the purchase of freehold condominium property in Thailand
Loan amounts: up to 70% of the purchase price Maximum loan amount: USD 8,000,000 or equivalent amount Minimum loan amount: USD 100, 000 or equivalent amount
Note: Drawdown amount shall be the lowest of
Amount as per approved limit Up to 70% of purchase price of property, when converted at our exchange rate upon drawdown 90% of appraised value upon completion (For property under construction) or up to 70% of appraisal value (For completed property) by our appointed apraiser Legal mortgage of property to be financed Loan Tenure: Max 20 years
The loan shall be dominated in SGD, SUD, EUR, and JPY Interest Rate (Subject to Changes at Bank???s Discretion) Loan in SGD ??? Bangkok Bank???s Prime Lending Rate per Annum (currently 6%) Loan in USD-USD Prime + 0.5 % per annum (currently 8.25% + 0.5 % = 8.75%) Loan in EUR-EUR Prime +1% per annum (currently 7.25% + 1% = 8.25%) Loan in JPY ??? JPY Prime + 1.25 per annum (currently 2.85% + 1.25 % =4.10%)
Repayment: Repayment of principal and interest is by monthly installment and to commence once month from date of disbursement of loan.
Drawdown: Loan shall be drawdown only upon payment by the borrower of the difference between the purchases price and the loan amount, subject to completion of loan documents and fulfillment of the conditions precedent
Prepayment: Prepayment of loan allowed subject to payment of 1.5% flat rate on the loan amount to be prepaid
Processing Fee: Processing Fee of USD 1,750 is payable in two stages; USD 150 or its equivalent is payable upon submission of loan application. This sum of USD 150 is non-refundable USD 1,600 or its equivalent is payable upon acceptance of our letter of offer
Amendment Fee Additional non-refundable fees of USD 120 or its equivalent shall be imposed for re-process of application if there???s any amendment to the loan request after the approval of facility.
Expense All expenses such as legal/mortgage costs/valuation fee and fire insurance premium etc shall be payable by borrower
Documents Required Completed Loan Application Form I.D. card copied (front and back) as well as your passport (essential pages) Signed copy of Sales and Purchase Agreement or Reserve Agreement Band???s reference letter addressed to Bangkok Bank Public Co Ltd confirming banking relationship, conduct type of account and size of loan/deposit with the bank
Last 6 months bank statements
Credit Bureau Report from country of residence For Salaried Individuals; Employer???s letter addressed to Bangkok Bank Public co Ltd confirming position, Years of Service and remuneration/ Last 2 years??? income Tax return/ Last 6 months??? computerized pay-slip For self-employed Individuals; last 2 years??? Balance Sheet Profit & Loss Statements/ Last 2 years??? Income Tax Return there upon request
Note: Above terms are subject to changes without prior notice. Propertymax cannot guarantee this information. You must check to insure the validity of all content with your banks or lending institutions. Propertymax can only pass on information to the best of our knowledge but we are not a lending institution nor are we a bank. Which means our information is second hand.