MBK-G applies the interest rate from third party (most commonly benchmarked with Siam Commercial Bank’s MLR), hence the interest rate is subject to bank’s interest rate movement which would reflect the fluctuation of the current market rate.
Even more, MBK-G pricing is fair. For our condo loan, MBK-G charges a margin of 2.3% above Siam Commercial Bank’s MLR, which in comparison to the market, is considered reasonable and competitive.
Classification of interest rate charge
|Condo Loan||Floating||MLR* +2.3%||1.25%|
|Kai-Faak (For land bank)**||Fixed||13.00%||1.50%|
Note : *refer to MLR of Siam Commercial Bank
**refer to the regulation of sale with redemption right