Great news for the Phuket property market, Bangkok based MKB are now offering loans for up to 70% of the value of foreign freehold condominiums for a period of between 2 and 10 years. The interest rate is the minimum lending rate +2%. Requirements are that the unit has to be a Foreign freehold condominium, you don’t have to be employed in Thailand nor do you have to be a permanent residence in Thailand. Loans are available from 2 to 20 million Thai Baht and there is also the possibility of a 50% ballon payment at the end of the term.
For more information please contact me.