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I just saw the following article on the Thailand Real Estate Forum which was posted from the Phuket Insider.
http://www.thailandr...operty-finance/
With limited options available to foreigners looking to purchase and finance a Thai condo in their own name, (the UOB and HSBC Premier offerings are not attractive for many), this offering by MBK might find favour amongst foreigners looking to finance their Thai condo.
The brief details extracted from the web link are as follows:-
"On offer to foreign homebuyers in freehold condominium projects are terms with key items being loans between THB 2 to 20 million and monthly payments over 2-10 years.
A balloon payment at the end of the loan of up to 50% of the total can be arranged. Interest is set at MLR (minimum leaning rate) plus 2% per annum.
There is no requirement for employment in Thailand or permanent residence. For those over 60, only 50% of the value can be financed."
By the way, I haven't contacted MBK to check their application process, as I already got my Thai condo loan a few years ago from BBL when they were offering them from their SG branch.
I hope some members find this useful.
Regards, Mark
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