Home Loans

Home loan for Thais living abroad

Getting a home loan can be easy and straightforward process with the help of experienced consultants no matter where you live.

Home loan for Thais living abroad
​Type of securities
1. Detached houses
2. Town houses
3. Commercial buildings
4. Residential condominiums
5. Houses extension
6. Lands

Credit Limit
– Maximum loan limit not exceeding 70-100%
– Maximum repayment period of 30 years with the applicant’s age and the loan duration combined must not exceed 60 years ( for salaried income)
– Or must not exceed 65 years ( for self-employed) housing collateral

Home for Cash allow you to meet all your needs and spend anything on your own

Multi-purpose loan
1. For doing business
2. For buying wasteland
3. For Repayment

Credit Limit
– Maximum loan limit not exceeding 70-80%
– Maximum repayment period of 15 years with the applicant’s age and the loan duration combined must not exceed 60 years ( for salaried income)
– Or must not exceed 65 years ( for self-employed) housing collateral
– Estimated loan application period is 30 business days ( only complete filing)

Loan applicant qualifications

Nationality / Age
– Thai nationality
– Age 22-60 years old
– The loan period is not over 30 years
Income
Minimum salary of THB 50,000 per month
General Employees
– At least of 2 years working experience
– Self-employed person with no less than 2 years in business operations along with a certificate of company registration or lease agreement

Documents required for salaried

Personal documents

1. An application form with 2 copies of credit bureau documents
2. Certified copy of ID Card and certified copy of house registration
3. Certified copy of ID card of residence
4. Certified copy of passport of spouse (if any)
5. Certified copy of Marriage Certificate ( if any)

Income documents

1. Employment contract / Salary confirmation letter
2. Salary slip for the last 3 months
3. Payroll statement for past 6 months
4. Tax submission documents for past 2 years (if any)
5. Copy of past 6 months bank statements (if any)

Documents required for self-employed

Personal documents

1. An application form with 2 copies of credit bureau documents
2. Certified copy of ID Card and certified copy of house registration
3. Certified copy of ID card of residence
4. Certified copy of passport of spouse (if any)
5. Certified copy of Marriage Certificate ( if any)

Income documents

1. Certificate of company registration or lease agreement
2. Copy of past 6 months saving bank statements
3. Tax submission documents for past 2 years
4. Copy of past 6 months current bank statements (if any)

Income from retirement or social security can apply for a loan

Collateral Related documents

1. Purchase agreement of property
2. Copy of every page of land title deed (front and back pages)

Fees and Charges

1. The appraiser fee is THB 3,210
2. The stamp fee is 0.05% of loan limit
3. Fire insurance is based on the rate of an insurance company
4. Mortgage fee is 1% of credit limit

Loan Processing Fee

1. Home loan application form and operating cost is free of charge.
2. The processing fee is 1.9% of the loan limit or must not exceed THB 60,000. In case of cancellation after approval, the fine is 0.95% of the approved amount.
3. Fire insurance and life insurance for credit protection coverage.
4. The processing fee will be charged after completing the loan application process, only after approval.
5. Expenses are measured based on actual documents (if any) such as translation costs and certified stamps issued by institution with government permits. Translated into Thai or English costs THB 800/page.
6. Credit Bureau checking service for foreigners is THB 300.
7. Once approved, the customer pays 50% of the approved amount within 7 days.
8. Before signing the loan agreement, the customer pays the remainder of the approved amount by 50% within 7 days.