Asset Finance – MBK Finance Thailand

If you want to increase liquidity and support your business growth, we will give you asset finance. We take your property at the prime locations as the security to borrow the money. It is the easiest and secure way to get working capital for your company. We let the customers take the loan up to 50% of the asset’s value and render a 5 years term for repayment. Then, according to your asset value, the amount of the loan is decided.

Highlights

Interest charging at effective rate.
Friendly to NCB client.
Faster, cashed within 7 days after approval.
Finance against commercial or residential property.

industries

Terms & Conditions

Principal

Up to 50% of valuation, minimum THB 1 million

Principal Repayment

Minimum 20% of original principal each year.

Collateral

Land, Buildings, Condominium in Thailand

Interest Payment

Deducted in advance for the contract period or at least 1 year upon loan drawdown. Unused prepaid interest will be refunded in the case of early principal repayment.

Term

Upto 5 Years

Fixed rate at least 12% per annum.

Interest & Fees

Upfront Fees

1.75% of loan size (one time upon loan drawdown).

Prepayment Fees

2.5% of prepaid principal amount (upon every loan prepayment).

Commitment Fees

2.5% of non loan disbursement (upon first loan drawdown).

Renewal Fees

1.5% of loan size (upon contract renewal).

Interest Rate

Other expenses

Mortgage Fee

1.5% of principal amount

Inspection Fee

Up to THB 15,000/visit (as per distance) for travelling expenses.

Appraisal Fee

Subject to appraiser.

Travelling Fee

Up to THB 15,000 depending on distance for mortgage registration at the Land Department

Duty Stamp

Subject to collateral value.

Fire Insurance