In practice, the loan continues to accrue interest during the interest support period; however, the developer pays this interest to the Bank on behalf of the customer. The customer only needs to repay the loan principal and any late payment interest or penalties (if the principal is not repaid on time).

Depending on each specific project, MSB may require different levels of customer equity, but in all cases it will not exceed 30% of the property sale and purchase contract value.

These are projects that have been appraised, approved for partnership, and have signed cooperation agreements with MSB. Customers purchasing homes from projects partnered with MSB may enjoy more preferential loan policies compared to loans from other banks.

Yes. MSB supports financing for customers purchasing project-based real estate (partnered with MSB) that has not yet been issued a certificate, or properties that already have a certificate but have not completed the ownership transfer procedures. In such cases, the collateral is considered an asset formed from the loan proceeds.

This is a financing method whereby MSB transfers the loan amount to the seller’s account or the account of a person authorized by the seller and places the funds under hold. The funds will be released once the sale and purchase contract is notarized/certified or once the ownership transfer of the property certificate has been completed (depending on the specific case).

Yes. Customers may repay part or all of the loan principal before maturity depending on their financial situation. Early repayment fees are calculated based on the prepaid principal amount; however, most MSB interest rate packages waive early repayment fees from the fifth year onward.