Housing Loans

Helping your dreams come true with comfortable conditions : GSBawares and understands the need to have a home, it is a foundation of beginning of life. It aims to encourage and help your dream come true with confortable condition and not difficult as you think.

  • Age 20 years old and over, when combine the age of the borrowers, repay period not exceeding 65 years old.
  • A person who has an occupation and income
  • Own saving deposit account at the Bank 
  • Copy of land title Nor Sor 3 Kor or copy of proprietary of apartment/condominium (photocopy every pages size as original)
  • Map or location of the proprieties
  • Copy of purchase agreement and own payment receipt
  • Copy of ID card and House registration of seller(Incase buying an older house)
  • Appraised Value from Department of Lands (if any)
  • Any other documents needed to apply for loan.
  • Copy of land title/copy of proprietary of apartment/ condominium
  • Map or location of the proprieties.
  • Copy of the loan contract Mortgage and land mortgage with existing mortgage from former financial institution.
  • Certification Letter of  outstanding loan balance
  • Bill payment of last month
  • Statement of installment after one year
  • Income Certificate of the applicant and spouse
  • Slip of salary/Income Tax Document
  • copy of savings account at least 6 months (salary account)
  • Copy of passbook account or statement (if any)
  • For other incomes, please attach
  • Copy of trade registration, copy of certificate of trade registration/list of shareholders.
  • Statement of current account or copy of 6 months savings account
  • Financial statement
  • Other documents show the source of income.
  • Copy of land title of self or spouse
  • Map or location of the proprieties
  • Plan/details of renovate or reconstruction/ repair price estimation
  • Copy of a permit to construct of repair the building
  • Copy of contract to build or contract to repair building
  • Copy of ID of contractor or house registration of contractor
  • Copy of ID of the borrowers and spouse.
  • Copy of Marriage Certificate or Divorce Certificate or Death Certificate of spouse.
  • House Certificate of the borrowers and spouse.
  • Buying land in preparation for building
  • Buying land with building or apartment
  • Buying land and buildings on the land
  • Buying land with the building of the borrower or spouse which already have buildings
  • For construction, renovations or building on land which belongs to the borrower or spouse.
  • Redemption of the mortgaged land, building or apartment of borrowersor other financial institutions.

     
  • Land/Land with building/apartment
  • A foundation of the beginning of life
  • Encourage and help your dream come true
  • Comfortable term and not difficult
  • You can apply for loan to pay for insurance such as fire insurance, life insurance, to ensure the loan up to the amount of actually paid.
  • For housing loan and additional loan for insurance payment duration must not exceed 30 years.
  • Additional loan for consumption must not exceed 15 years.
  • Land with building/ apartment/ condominium, loan do not exceed 85% of the appraisal value of the bank. (In case the borrowers make life insurance for mortgage insurance, loan must not exceed 90% of the appraisal value of the bank.)
  • Additional loan for consumption, borrowers can apply not exceed 5% of the appraisal value of the bank. (In case the borrowers make life insurance for mortgage insurance, loan must not exceed 10% of the appraisal value of the bank for insurance or/and consumption.)
For Housing Loan
Type 1
  • Interest rate of 1.25 % per year in the first year
  • Interest rate of MRR - 2.00 per year in 2nd year
  • Interest rate of MRR - 0.75 per year in 3rd onwards (maturity loan agreement)
Type 2
  • Interest rate at 4.50% per year in the year 1-3.
  • interest rate of MRR - 0.75 per year in 4th years onwards (maturity loan agreement).
In case the borrowers prefer to make life insurance to protect credit facility (the first year).
  • Interest rate as Type 1, but decrease 0.25% per year
  • Interest rate as Type 2, decrease 0.50% per year.( as per bank’s announcement)
Additional loan for consumption
Interest rate of MRR - 1.00 per year.
**The Bank reserves the right to change terms and conditions without prior notice. **