Financing Terms

Description

Purpose

• Purchase for owner-occupy or investment purposes
• Refinancing / Refinancing + Equity Term Loan
• Equity Term Loan for existing Thai loan customers

Eligibility

• All nationalities aged 21 - 65 years
• Minimum income of SGD 100,000 p.a. or equivalent
• Minimum income of SGD72,000 p.a. with work permit in Thailand
• Source of income where UOB branch/office presence

[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

• Up to 60-70% of purchase price or valuation whichever is lower and
• Up to 55-60% for foreigner who resides and works in country where there is UOB presence.
• Minimum loan size: THB 2m

Loan Currency

SGD (Singapore Dollar)

USD (US Dollar)

Mortgage Interest Rate

SGD Currency

Min Loan Amount
THB 2,000,000. - (SGD 80,000 equivalent)

Min Loan Amount
THB 5,000,000. - (SGD 200,000 equivalent)

Min Loan Amount
THB 7,000,000. - (SGD 280,000 equivalent)

Package 1
Year1: 3M Compounded SORA + 4.55%  Year 2: 3M Compounded SORA + 4.55%
Thereafter: 3M Compounded SORA + 6.30%

Package 2*
Year1: 3M Compounded SORA + 4.15% Year2: 3M Compounded SORA + 4.15%
Thereafter: 3M Compounded SORA + 4.15%

Package 3*
Year1: 3M Compounded SORA + 3.90% Year2: 3M Compounded SORA + 3.90%
Thereafter: 3M Compounded SORA + 3.90%

USD Currency

Min Loan Amount THB 2,000,000.- (SGD 80,000 equivalent)

Year 1:         USD Prime+ 2.75%
Year 2:         USD Prime +3.25% Thereafter: USD Prime +3.75%
Remark: USD Primeis currently at 7.50% p.a.

Loan Tenor

• Min 3 years - Max 30 years

Processing Fees

SGD Loan 1% of loan amount
(min SGD 1,000. - & max SGD 5,000. -)

USD Loan 1% of loan amount
(min USD 1,000. - & max USD 5,000. -)

Buffer amount

3% of Loan Approval Amount in SGD/USD
[The buffer amount item is not an expense but will be deposited in customer's saving account, which was opened with UOB Singapore and can be remained to use as monthly installment or withdrawn after loan disbursed. UOB will use the spot rate on loan disbursement date. We have requested the customer to put a buffer amount at 3% of loan amount in case of there is a shortfall on exchange rate. However, please note that UOB favor customer by using onshore rate for all customers.]

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