Samui Green Tree Posted May 26 Share Posted May 26 Hello, I currently own several properties in Thailand that are fully paid for and generating a solid rental return. I have come across an opportunity to purchase another property and I am considering taking out a mortgage instead of using my savings for this investment. I have approached Kasikorn Bank for a loan, but I was taken aback by their repayment terms. The mortgage repayment period offered is fixed at 5 years with an interest rate of 9% per year (45% total). I am seeking advice on whether there are other options available with more favorable interest rates for a loan amount of approximately 8 million Baht. Thank you in advance for any guidance you can provide. Link to comment Share on other sites More sharing options...
FritsSikkink Posted May 26 Share Posted May 26 How can it be 45% total are you not paying anything back from the 8 million over these 5 years? 1 Link to comment Share on other sites More sharing options...
CanadaSam Posted May 26 Share Posted May 26 Inquire at LH (Land & Housing) Bank. In some recent research, they had the lowest interest rates, and other factors that made them easier to deal with. Link to comment Share on other sites More sharing options...
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