2023/08/23 in Latest news - 56
Property Loans for Foreigners Purchasing Condos in Thailand
Thailand UOB International Property Loans
UOB are offering up to 70% loans on foreign freehold completed condos, the minimum loan size is 2 million baht
Further details:
Financing Terms |
Description |
||
Purpose |
|
||
Eligibility |
[Australia,Brunei,Canada,France,Hong Kong, Macau, India, Japan, Malaysia, Philippines,Singapore,SouthKorea,Taiwan,Thailand,Vietnam,UK and USA] |
||
Property Type |
Completed freehold condominiums with value THB 3m and above |
||
Financing Areas |
Bangkok and selected upcountry locations |
||
Loan Quantum |
|
||
Loan Currency |
SGD (Singapore Dollar) |
USD (US Dollar) |
|
Mortgage Interest Rate |
|||
SGD Currency |
|||
Min Loan Amount |
Min Loan Amount |
Min Loan Amount |
|
Package 1 |
Package 2* |
Package 3* |
|
USD Currency |
|||
Min Loan Amount THB 2,000,000.- (SGD 80,000 equivalent) |
|||
Year 1: USD Prime+ 2.75% |
|||
Loan Tenor |
|
||
Processing Fees |
SGD Loan 1% of loan amount |
USD Loan 1% of loan amount |
|
Buffer amount |
3% of Loan Approval Amount in SGD/USD |
Financing Terms |
Description |
|||
Partial Prepayment Penalty |
1.5% of the prepaid amount |
|||
Full Redemption Penalty |
3% on redeemed loan amount if fully paid off within the first 3 years and 1.5% for the 4th year onwards |
|||
Cancellation Fees |
1.50% of approved loan amount |
|||
Valuation Fees |
SGD 150.- |
|||
Process Agent Fees |
|
LoanTenor |
Fees(Baht) |
|
3-5 years |
THB 15,000 |
|||
6-15 years |
THB 25,000 |
|||
16-30 years |
THB 35,000 |
|||
Amendment Fees |
SGD 200 is payable for re-processing / amendment of loan application or any request for changes in loan restructuring after approval of facility |
|||
Hold deposit |
1% of loan approved amount (with a minimum amount of THB 50,000) with UOBT until loan is settled |
|||
Mortgage Registration Fees |
1.0% of 110% of approved loan amount, payable to Thai Ministry of Finance |
|||
Expenses |
All expenses including legal fees, mortgage transfer fees, valuation fees, remittance charges and fire insurance premium shall be payable by the borrower(s) |
|||
UOB Account |
To open a UOB Singapore bank account for servicing of auto-debiting monthly installment payment |
Terms & conditions apply. The above does not constitute an offer, an invitation to offer, a solicitation or recommendation to enter or conclude any transaction and is issued for information and discussion purposes only. Actual transactions are handled according to the actual circumstance of each case. Final terms may differ, and loan approval is subject to the Bank’s final credit assessment.