4 banks to give privileges for customers to buy houses

BANGKOK, 17 February 2010 (NNT) – Four commercial banks namely Krung Thai, Government Savings Bank, Siam City Bank and CIMB Thai Bank join hands with Property Perfect Co., Ltd to give customers privileges in house buying.

Krung Thai Bank First Executive Vice President Dr Anuchit Anuchitanukul stated the bank was a main creditor of the Property Perfect’s project and would give the preference of 0% interest rate for the first year and MLR at -0.75%. He said that there would be several promotions continuously for the company’s customers.

According to Siam City Bank Deputy Managing Director Chainan Lapitananuwat, the bank offered first year interest rate at 1.75%, MLR in second and third year of -1.5% and -1.25% thereafter. The bank targeted the loans at two billion THB.

Meanwhile, the CIMB Thai Bank Deputy Managing Director Thada Charukitpaisan said the maximum loans released were up to 120% in support of house furbishing by customers, including the purchase of mortgage insurance. He indicated that the bank emphasized on rapid approval process, the result of loan requirement would be known within a day and the transfer could be made in three days.