Real Estate Financial Glossary: The Thailand-specific Terms You Need to Know to Rent or Buy Your Dream Property

MOR (Minimum Overdraft Rate) paid by commercial banks from major customers with a good financial history and overdrafts account.Therefore, banks need to increase their lending considerations. The MOR is classified as a floating rate refers to an interest rate that varies according to the cost of the financial institution, which…

The MLR (Minimum Loan Rate) charged by commercial banks come from first-class customers, such as those with a good financial history. There are enough guarantees. Most of them concern long-term fixed-term loans, such as corporate loans. The MRL is classified as a floating rate, which means that the interest rate…

The MRR (Minimum Retail Rate) is a floating interest rate charged by commercial banks to premium retail customers, such as a personal loan or home loan, it is often used for personal loans and fixed rate home loans. This is an interest rate that is rising every month. In addition,…