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.
Customers are required to pay the collateral valuation fee, based on which MSB determines the loan amount according to the value of the collateral. This fee is paid when submitting the loan application documents to the Bank. Once the loan is approved, customers must prepare the notarization fee for the security agreement and the collateral […]
This refers to the period during which the developer pays the loan interest to the Bank on behalf of the customer. During this time, the customer is not required to pay interest to the Bank.
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.
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.
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).
All MSB individual customers and corporate customers are eligible to participate in the MSB Rewards program.
