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Posted

Currently just about ready to sign for UOB home loan for a new house.

I guess I have the choice of the two deals - 0% x 3 months, then MLR -4% x 9, then MLR -1.75% x 12, then MLR -1.5% x 12 or MLR -3% x 12 and then MLR -2.8 x 24

Both deals offer MLR - 1.25% thereafter

The 0% is attractive after the moving costs and purchase of new stuff, but the other looks good in the medium term.

Your thoughts and advice please, guys.

Posted

Option 2 is better unless you intend to pay off the loan before 3 years.

Thai law allows borrowers to pay off the loan without penalty if you pay off with personal cash without refinancing. However if you refinance within 3 years then penalties are payable.

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