15 March 2012 – Ban Pruksa, a townhouse project of Pruksa Group, and Siam Commercial Bank kick off a campaign to realise the dream of people wishing to own a house. “1-Baht Contract Fee” and “1 million Baht:1,000 Baht instalment payment” for all Ban Pruksa townhouses.
Mr. Piya Prayong, Director and Chief Business Officer of Pruksa Real Estate PCL, said that, “Ban Pruksa organises a campaign to realise the dream of people wishing to own a house by cooperating with Siam Commercial Bank to provide special privileges for borrowers to buy every unit of Ban Pruksa from 15 March-30 June 2012. The borrowers of no more than 1 million Baht will repay only 1,000 Baht per month during the first year of instalment payment. The soft loan program comes with special promotion of only 1 Baht contract fee for all units of Ban Pruksa in every location. Ban Pruksa is a townhouse project focusing on real demand which is a big market for people planning to buy a house in Bangkok and its perimeter. The average unit price is only 1 million Baht. Therefore, the company expects a warm welcome for “1 million Baht:1,000 Baht instalment payment” from the customers because it should ease the financial burden for people planning to buy a house. It should also stimulate sales in the first half of this year,” Mr. Piya said.
Ms. Pikul Srimaharn, an executive of Siam Commercial Bank, said that, “The demand for residences in 2012 remains high especially for people looking for their first house. The bank has, therefore, joined hands with Ban Pruksa to launch the campaign “To Ease the Financial Burden” for borrowers who plan to buy every project of Ban Pruksa. The customers with loan worth no more than 1 million Baht will pay only 1,000 Baht of instalment payment per month. This campaign will help ease the customers’ financial burden during the first year of debt repayment. The bank will also provide “credit life” insurance service to provide the maximum protection for the loss-of-life case in which the customers will be relieved from all repayment obligations with no outstanding debt after the loss of life. The maximum protection period is 10 years to provide security for Siam Commercial Bank’s residential loan borrowers. The bank expects to approve 638 million Baht worth of soft loans under this program. For more information, please contact Pruksa Contact Center at 1739 or Siam Commercial Bank’s customer centre at 02-777-7777.