Marina one residences showflat

To qualify for these personal loans for the purchase of a condo, some conditions must be met, and it's very important for you to notice that these loans are typically granted on the truthful market value of the condo and this is always based on the bank's own valuation. And this often surprises the foreigners, because the bank's valuation is often (not to say always!) lower than the market value!

Let's see an example here:

- You want to buy as condo marina one residences showflat priced by the seller at 5 million THB.

- You know you can only borrow max. 70% of the price, so you will have to pay down 1.5 million THB and the bank will lend you 3.5 million THB plus interest.

- But now the bank value the condo at only 3.5 million THB. - So they offer you a loan of 2.45 million THB.