MBK Guarantee

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Terms & Conditions

Principal	Up to 50% of independent valuation, minimum THB 1 million
Collateral	Condominium in Bangkok and its peripheral ,key Resort provinces
Currency	Thai Baht
Tern	Minimum 1 year up to 10 years
Repayment	Monthly installment* required with option for balloon Payment up to 50% of loan at maturity

Monthly Installment

Table of monthly payments based on THB 1-million loan with varied %
balloon payment

% Balloon payment at the end
Loan Period	50%	40%	30%	20%	10%	0%
10 yr	11,000	11,500	12,000	12,400	12,900	13,400
7 yr	12,700	13,500	14,300	15,100	16,000	16,800
5 yr	15,000	16,300	17,600	18,900	20,100	21,400
3 yr	20,500	22,900	25,300	27,700	30,100	32,400
2 yr	27,500	31,200	35,000	38,800	42,500	46,300
1 yr	48,300	48,300	64,200	72,200	80,100	88,100

Subject to SCB’s MLR change

Interest & Fees

Interest
Interest: MLR + 2.375% per annum (refer to SCB’s MLR *)
Fees
Upfront : 1.25%** of loan size (min.THB 30,000***)

Other Expenses

Mortgage Fee	1%of loan size, payable to land dept.
Inspection Fee	1% of THB 10,000 /visit (as per distance) for travelling expenses
Appraisal Fee	Subject to appraiser for setting loan size
Duty Stamp	0.05% of principal (max.THB 10,000)
Fire Insurance Premium	Responsible by borrower (subject to collateral)
Life Insurance Premium	Responsible by borrower (Upon age, gender ,duration of contract ,sum insured etc)

Other Conditions

Commitment Fee	2% of non loan disbursement (one time upon loan drawdown).
Prepayment Fee	2% of prepaid loan amount

Currently SCB’s MLR standing at _%as of

** If mortgage more than 3 condo units .interest and might change subject
To approval.
*** Varies according to location from THB 30,000 – 40,000 per contract.

Borrower QUALIFICATIONS

Particular	individual	Corporate
Non-bankruplcy	->	->
No negative equity or net worth	->	->
No debts overdue more than 3 months in NCB	->	->
No overdue tax payment with The Revenue Dept.	->	->

Required Documents

Applicant Documents

Particular	individual	Corporate
ID/passport*(valid at least 6 months)	->
Marriage/divorce certificate** (if any)	->
Spouse consent to borrow/mortgage properly***	->	->
Company’s official affidavit (valid within 3 moths)		->
Shareholder list (from bar-or-jor.5)		->
Authorized director’s ID/PASSPORT****(valid at least 6 months)		->
Financial statement for last 3 years audited by CPA		->
Bank statements for 6 latest months	->	->
Credit bureau report from country of residence	->	->
Others upon request*****	->	->

Credit bureau report of directors.
– Passport with valid visa (when required) and latest immigration entry
Stamp upon the kingdom arrival.
– Passport used for applying credit must be the same as one used for
mortgage registration at land Dept.

* Applicants spouse may be required as co-borrower in some circumstances.
** Template is avallable.
*** In case of the company has its director as a co-borrower using the
company’s assets as collateral.the director to sign all relevant loan
agreement shal be another director to who is not co-borrower to the loan.Consent from the company’s shareholders must be obtained before
Doing mortgage registration land Dept.
**** In case of non-permanent residence in Thailand. Utiity bill (electric, water,
Telephone) with permanent address abroad must be shown.

Property Documents

Particular	individual	Corporate
Condominium title	->	->
valuation report by preferred appraiser*	->	->
Deposit/Installment recelpts (if any)	->	->
others upon request.	->	->

Contact details to be provided Also require.

1 For certified live copy for all copy documents.
2 That/Eng translations for documents in other languages.
3 color photocopy of passport is required.

? FAQ

NO Work permit
No requirement for permanent Residence or employment in Thailand.

Off-Plan
Off-plan loan also available with Different terms & conditions apply And can be pre-approved at off Plan stage and drawdown when The project is completed with no Additional document required.

Refinance
Loan purpose can be for purchasing New condo. Refinancing existing Loan or releasing equity.

Approved
Applicant can either be individual Or company. mortgage registration Can be completed within 7 working days after application receives approval.