Are you a foreigner? Do you want finance to buy a condo in Thailand? We will be there to help you in any situation. We offer the condo loan at the fixed term and the best rate. The whole process is simple and easier to understand. Additionally, you do not worry about the language barrier because we have professionals who are well versed in English. Thus, we ensure smooth conversation and make the loan process trouble-free.
Highlights
- Foreigner friendly, No work permit or permanent residence required
- Faster, disbursement within few business days
- Repay up to 50% of principal at maturity (or balloon payment available for up to 50%)
- Very high rate of approval
Terms & Conditions
Principal
Up to 50% of valuation, minimum THB 1 million
Collateral
Condominium in Bangkok and its peripheral, key resort provinces
Term
Minimum 1 year up to 10 years; a maximum age of 70*
Repayment
Monthly installment** required with option for balloon payment up to 50% of loan at maturity
Currency
Thai Baht
Interest & Fees
Upfront Fees
1.25% of loan size***
Mortgage fee
1% of loan size, payable to Land Dept
Inspection Fee
Up to THB 10,000/visit (as per distance) for travelling expenses
Appraisal fee
Subject to appraiser for setting loan size
Other expenses
Travelling Fee
Up to THB 10,000 depending on distance for mortgage registration at the Land Department
Duty stamp
0.05% of principal (max THB 10,000)
Fire Insurance
Subject to collateral value
Life Insurance
Subject to loan size, max THB 10 million sum insured
Other Conditions
Commitment Fee 2% of non loan disbursement (one time upon loan drawdown)
Prepayment Fee 2% of prepaid loan within the first 3 years. No fee after 3 years.
Individual
- ID/passport * (valid at least 6 months)
- Marriage/divorce certificate ** (If any)
- Spouse consent to borrow/mortgage property ***
- Bank statements for 6 latest months
- Credit bureau reports from country of residence
- Others upon request *****
Corporate
- Company’s official affidavit (valid for at least 3 months)
- Shareholder list(form Bor-Or-Jor.5)
- Authorized director’s ID/passport **** (valid for at least 6 months)
- Financial statement for last 3 years audited by CPA
- Tax return form
- Bank statements for 6 latest months
- Credit bureau reports from country of residence (1)
- Others upon request *****
Property Documents
- Condominium title
- Valuation report by preferred appraiser*
- Deposit/installment receipts (if any)
- Others upon request
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