Finance for Foreigners

Information for Foreigners Seeking Finance for Property Purchases in Thailand

Depending on lender these are the requirements for applicants:

  • Accepted age from 21 – 65 years of age
  • Minimum amount for loan 1,000,000 THB or 3,000,000 depending on lender
  • Loan to value (LTV) 60-70% for foreigners with work permit, 50-60% (LTV) for foreigners residing outside of Thailand
  • Depending on lender rates available from 5.25% – 6.25% – 7.25%
  • Loans available in USD or SGD (Singapore dollar)
  • Tenure depending on lender 3 – 30 years
  • Loans available in Pattaya, Koh Samui, Cha-Am, Chonburi, Phuket, Hua Hin, Chiang Mai & Bangkok

Depending on lender and requests, the following maybe required:

  • Passport details
  • Work permit (if resident in Thailand)
  • Proof of address
  • 3-6-12 Months bank statements
  • Utility bills
  • Marriage certificates
  • Dalary slips (up to 12 months depending on lender)
  • Credit reports in host country
  • Income tax returns
  • VAT returns
  • Credit card or loan statements
  • Pre-approval 2-4 weeks from completed documentation
  • 7-10 Days property evaluation
  • 7 Days for final approval
  • 5 Days preparation of loan agreement
  • 10 Days after signing of loan agreement
  • Loans can be drawn down on the same day of ownership transfer
  • Other lenders may not give pre- approval, however the whole process from approval to disbursements of funds shall take up to 10 weeks for the whole process.