The principal of the loan to the housing
The principal is the amount of loan repayment and not yet. For the housing loan interest will be charged according to the amount of such trees.
The interest rate of loans for housing
Generally, the loan interest of clocking housing refers to a percentage lower than the minimum interest rate. The interest rate for a loan to housing as MLR and MRR
- MLR (Minimum Loan Rate) is the interest rate banks that banks will use the MLR charged by major customer class for used in long term loans with the exact term such as loans for business including home loan loan long age.
-MRR (Minimum Retail Rate) is the bank interest rate MRR charged to retail customers foremost. Which customers means individuals. So the house loan interest rate can be used to MRR was calculated as well.
Usually, the interest rate, loan, mortgage, often expressed in MLR-x% or x% MLR and MRR-MRR of banks are different. Check it out "Interest rates for loans" The Bank of Thailand country. The number to be removed from the MLR and MRR will depend on the policy of the bank would be established.
For a loan or the Minimum Retail Rate (MRR), for example, in the case of the minimum interest rate for the loan. Currently at 6.6%, the interest rate of the loan "MRR-2.5% is at 4.1%.
Loan period.
The loan period is the period of the loan to the housing by home buyers may request a credit loan of up to 40 years.