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Bangkok Bank joins with BAM to offer affordable NPA with a first year interest rate of 1.95% and monthly installments of 3,000 baht for a one million baht loan while emphasizing its role as a trusted partner who offers the best deal and benefits for BAM customers
May 30, 2023
Bangkok Bank joined with Bangkok Commercial Asset Management (BAM) to sign an MOU for Bualuang Home Loans for BAM’s NPA Customers Project. This enables buyers looking for good quality secondhand homes to get one at an affordable price with a special loan interest rate starting from 1.95% for the first year. Monthly installments are as low as 3,000 baht for a one million baht loan with free appraisal. The Bank emphasized its role as a trusted partner who supports all financial needs by selecting good deals and offering the best benefits for BAM customers.
Bangkok Bank Executive Vice President Pochanee Kongkalai said the Bank signed an MOU for Bualuang Home Loans for BAM’s NPA Customers Project with Bangkok Commercial Asset Management (BAM) to allow interested buyers to buy secondhand assets from BAM at an affordable price plus Bualuang Home Loans with a special interest rate. The first-year interest rate starts at 1.95% per annum or 3.35% a year for the first three years (with the application of Home 1st Plus credit protection insurance) and monthly installments as low as 3,000 baht for every one million baht in the first year plus free appraisal.
“In the past four years, Bangkok Bank has worked with BAM to provide 500 million baht worth of loans for customers buying non-performing assets from BAM. In the latest collaboration they are providing good quality non-performing assets at affordable prices with a relatively low interest rate, at a time when interest rates are increasing. This initiative reflects the Bank’s supporting Thai people to own a property more easily and reflects its commitment to be a trusted partner who stands ready to fulfill financial needs while consistently providing offers and benefits for customers,” said Ms. Pochanee
Bangkok Commercial Asset Management Deputy Chief Executive Officer, Bangkok and Vicinity Loan Restructuring and Sales Group 1 Choopong Phokhasawadi said BAM currently has more than 23,000 NPA properties available for sale covering homes, condominiums, commercial buildings and vacant land. The collaboration with Bangkok Bank serves as a good opportunity for interested customers wishing to buy an NPA to access low-interest loans more conveniently which will help them to make a purchase decision more easily.
“The collaboration between BAM and Bangkok Bank will benefit customers interested in purchasing a foreclosed property from BAM. The NPA market is expected to recover in line with the economic recovery trend, vibrant trade and investment sectors which will support real estate prices and the rising interest rate trend. Therefore, this is a good opportunity for anyone wishing to buy a house, either to live in, or for investment purposes. BAM’s foreclosed properties available for sale range from properties in their current conditions and refurbished properties, as well as properties in locations where a brand-new house is no longer available. BAM expects the project to receive a good response which will help its NPA sales volume to achieve its target this year,” said Mr. Choopong.
Customers interested in buying NPA from BAM with a Bualuang Home Loan can choose from the following offers.