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 will vary according to the cost of the financial institution, which is informed by the financial institution in a circle.
MLR (Minimum Retail Rate) of Thailand Commercial Banks in June 2022
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, the MRR interest rate is charged by new customers.
The MRR is classified as a floating rate, which means that the interest rate will vary according to the cost of the financial institution, which is informed by the financial institution in cycle.
How to Calculate Expansion MRR Rate?
The interest loan is expressed as a percentage or percentages per year. By calculating the loan principal, i.e. interest at 6% per year, both parties enter into a contract with a repayment period of 10 years, during which the creditor must repay 6% until the contract expires.
MRR (Minimum Retail Rate) of Thailand Commercial Banks in June 2022
Looking to move into a pet-friendly condominium with your furry friend? Consider these buildings close to public transport and with full facilities.
The Monument Thonglor By Sansiri
The Monument ThonglorGardens at The Monument ThonglorPool Area The Monument ThonglorThe Monument Thonglor Lobby
Thonglor probably has one of the densest pet populations in Bangkok, yet condominiums that allow to share your living quarters with an animal are rare here. The Monument Thonglor not only offers you to bring your furry friend but also provides some of the most discerning living quarters you could wish for.
Exterior View of Maru Ekkamai 2Garden Pavillion at Maru Ekkamai 2Smart Bedroom unit at Maru Ekkamai 2
Maru Ekkamai 2 is a condo that caters to people who like the Japanese lifestyle. It comes with a common area dedicated to pets, onsen, karaoke room, and several gardens. The interior design within the project also has a Japanese touch. The project is located on the best location on Ekkamai Road, only 1 minute from BTS Ekkamai.
Outdoor area at M JatujakLobby at M JatujakRooftop Garden at M Jatujak
M Jatujak Condominium project follows the concept of Urban Forest inspired by the lines and tones of nature combined with functional interior design. Enjoy the private atmosphere with sweeping views over one of Bangkok largest parks, only 5 minutes from Saphan Kwai BTS
Exterior View of Ashton Morph 38Pool at Ashton Morph 38Duplex unit at Ashton Morph 38
Ashton Morph 38 comes with floor to ceiling windows and a incredibly high ceilings in their duplex units, allowing you and your beloved pet to live in a light-filled environment, only 6 minutes walk from BTS Thonglor.
MAESTRO 14 Siam - Ratchathewi by Major Development
Pool at Maestro 14 Siam - RatchathewiLobby at Maestro 14 Siam - RatchathewiPool Courtyard at Maestro 14 Siam - Ratchathewi
Maestro 14 Siam - Ratchathewi will meet any urban lifestyle needs being in walking distance to BTS Ratchathewi and the major shopping malls around Siam Square.
[Bangkok, Thailand, February 9th, 2022] PropertyScout, a Bangkok-based transactional real estate marketplace, announced its ambitious growth plan led by the acquisition of Fresh Property and assets of Piri Property, two well-known and long-established real estate agencies in Bangkok, with teams of both companies joining to support the fast growth. This comes fresh on the heels of their announced closure of the pre-Series A funding round at the beginning of January with total funding to date of 2.5 million USD.
Both Pierre Leung (previously founder and managing director of Fresh Property) and Felix Wittlinger (previously managing director of Piri Property) join as Sales Directors of PropertyScout, leading teams of property consultants and bringing along their vast market knowledge, industry connections, and sales expertise.
“We are excited to have Pierre and Felix support our rapid growth with new property agencies, property consultants, and co-broker partners joining our platform daily thanks to our strong lead generation and a large database of properties in Bangkok, made possible through our proprietary tech platform. As a result, we have emerged as one of the strongest co-broker partners in Bangkok that maximizes the performance of everyone”, said Mario Peng, CEO, and co-founder of PropertyScout.
“Through our relentless focus on professional service, customer success, and technology innovation, we have become the trusted co-broker partner for many successful agencies."
Building a trusted partner network has become a primary focus for PropertyScout in 2022. According to Mario, connecting agents to the company’s platform allows for a cleaner, more transparent transaction process resulting in overall better achievements for everyone involved. As such, the company continues to scout for suitable agencies in all major cities across Thailand to further support the company's growth.
About PropertyScout
PropertyScout is a Bangkok-based Proptech startup that offers one of the largest selections of relevant listings for residential rental and sales properties. Founded in 2019 by a team of experienced Thai-international serial entrepreneurs and industry experts, PropertyScout’s tremendous growth is driven by real estate professionals, marketing specialists, and technology experts. The company has achieved a number of major milestones, including 15-fold growth in the last year and the successful closure of the pre-series A funding round.
Whether you plan to buy or rent a property, you wouldn’t spend just 20 minutes on a place you plan to live long term right? Always remember that no property will be perfect on all fronts, but getting the right answers to your questions - should help you feel more confident when choosing your future home.
Below is a checklist we have combined, making sure you ask all the right questions and don't miss any important details:
Required Documents and Paperwork
First off, let’s get down to the basics. Make sure you read and understand all the agreements before signing. This might take a bit time, but trust me you won’t regret it. And if you don't understand something, you should always get in touch with a professional agent or lawyer.
Following is a list of papers you should receive from your agent or the owner directly:
Lease Agreement
You can download our ready-made rental lease agreement template here or use our agreement generator to directly create your own lease agreement in Thai, English and soon more languages.
Inventory List (you can also take picture of each item to fully show it’s condition)
Invoice for booking deposit
Payment receipt for booking deposit
Everyone will be asked to provide their ID or passport prior to signing. Non-Thai citizens will be asked to provide the following details:
- Visa
- TM6
- arrival stamp
- optionally, if your visa is tied to your employment, a copy of your work permit
The Rental Unit
Now, let’s move inside the room and which possible questions you may want to ask or check yourself:
Do the light switches work?
Is the AC cold and working properly?
Is there sufficient storage area?
What's the condition of the decorations?
Is the flooring in good condition?
Are there any signs of damp or mold?
Are there cracks in the walls/ceiling/floor, are any big enough to notice?
How many power sockets are there and are they conveniently located?
Can you be overlooked by your neighbors?
How are the doors? Do they open and close easily?
Do the locks work and what type of lock system do they use?
Bathroom
How’s the water pressure?
Do the taps work ok?
Is hot water running properly?
Is there a power socket in the bathroom?
How’s the flooring in the shower? Is it non-slippery? And if not, is it safe to shower without falling?
Kitchen
Is there a fire alarm?
Are there lots of storage for utensils, plates, and kitchen tools?
What is the type of stove being used? Is it electric or gas? And does it look well maintained?
How’s the sink? Is it big enough to cook and do your dishes?
Other Facilities
How are the elevators? Is it well maintained?
What’s the fire exit plan like? Is your room located in a good location if there were to be fire?
How’s the common area? Is it available for tenants for free or do you have to book and pay?
What’s the gym like? Is the equipment well maintained and clean?
How’s the pool? Does it look safe to swim? And what kind of water system is it? Is it chlorine-free?
How’s the parking area?
What about the security system? Are there CCTV cameras in the right locations? Are there any security guards during both the day and night shifts?
Surrounding Area
What’s the area like at rush hour, at both weekends and weekdays?
When do the surrounding restaurants and convenience stores close? Are they within walking distance?
Is the property close to public transports/stations?
So there you have it, questions that you should ask before choosing your next home. Take your time and view the property more than once, better yet, have a professional survey and go through it several times before you make your decision, after all, this is going to be the place you live and you wouldn't want to regret it down the road.
PropertyScout (https://propertyscout.co.th/en/), a Bangkok-based prop tech startup that is building a transactional platform for buying, renting, and selling homes, recently announced reaching USD 2.5 million in total funding after successfully closing its Pre-Series A round. Hustle Fund, a well-known, US-based early-stage VC investing into startups in North America and Southeast Asia, led the round.
Hustle Fund is joined by a number of well-known prop tech investors: Industry veterans such as Simon Baker, former CEO of REA, Marc Stilke, former CEO of ImmobilienScout24, Brian Ma, founder of Divvy Homes through his accelerator Iterative Capital, as well as institutional investors AngelCentral, Swiss Founders Fund and Asymmetry VC along with participation by angel investors returning from the Seed round.
Notable angel investors include Tim Marbach (Asia Venture Group), Jakob Angele (Foodpanda), Ross Veitch (Wego), JJ Chai (Rainforest, ex Carousell), Zenos Schmickrath (SEA founders), Kiren Tanna (Una Brands, ex Rocket Internet), Amarit Charoenphan, and Gokul Rajaram (DoorDash).
3 Founder of PropertyScout
PropertyScout is a Bangkok-based real estate startup that aims to reinvent real estate transactions in Southeast Asia by building a trusted platform that reduces the hassles and risks associated with the rental, buying, and selling of a home. Against the market downturn caused by Covid-19, the company has become the market leader in residential rentals in Bangkok within 18 months, with a 15-fold growth from the first quarter of last year. PropertyScout has built one of the largest portfolios of frequently updated and available rental properties in Bangkok. The company's more than 300 co-broker partners and in-house property consultants are using the PropertyScout platform, which streamlines repetitive processes as well as providing the right tools and insights at the right time, enabling a superior service experience for buyers, tenants, and owners.
"Our vision is to make buying, renting, or selling a home trustworthy and accessible. We plan to use the funding to further enhance our proprietary technology platform and expand into property sales. Once the platform and processes are optimized and validated in Thailand, we will scale quickly into other Southeast Asian markets." Mario Peng, CEO and founder of PropertyScout says. Peng, who previously co-founded and sold an online travel platform based out of Singapore and worked in investment banking and private equity, is joined by his co-founders Marco Barth (COO, ex ImmobilienScout24, ex McKinsey) and Salita Kamnerdsiri (CSO, serial entrepreneur).
“Technological innovation is at the heart of PropertyScout. We have built a proprietary tech stack allowing us to serve thousands of property seekers and landlords professionally every month. We plan to double the size of our product and tech-team in the next months, expand the application of AI in our platform for the benefit of our users and partners, and aim to become a leading proptech-employer brand in 2022”, says Marco Barth, responsible as COO for product and technology.
Salita Kamnerdsiri, heading sales and customer service as CSO, highlights PropertyScout’s growth plans for the immediate future: "Until now, PropertyScout has focused on optimizing rental processes to deliver outstanding service to tenants, landlords and our co-broker partners. Now is the right time to apply our best practices and the technology that helped us scale our rental business to become the benchmark in property sales."
The company is planning a Series A funding round to further expand geographically.
