September 6, 201114 yr UOB Thailand has offered me (as a single expat with residence book): ( a ) a 10 year mortgage loan for purchase of a condo at: MLR (minimum loan rate) - 0.50 = 7.25% per annum plus ( b ) a very nice-sized revolving overdraft facility (home equity line) at MOR (minimum overdraft rate) of 8.25% per annum. Do these rates sound super high? or are they par for the course (compared to local loans extended to locals)? Any comparative examples would be very helpful. (I like the idea of having a home equity line of credit on standby, just in case, and its certainly cheaper than a credit card interest rate).
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