Property buying guide for Thailand
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Mortgages in Thailand

"Thai banks do not provide mortgage loans to non-residents. What’s more, foreign nationals can´t get a bank loan for any purpose. There is only one legal way for them to finance their property purchases in the country, which is through the MBK Group," said Nikita Shcherbina, Director of the East-West Realtors Group, Tranio's partner in Thailand.

MBK issues loans for the purchase of condo flats in the newly-built and existing property markets of Bangkok and tourist resorts. These loans are available for investment purchases as well as for the buyer’s own use.

Maximum LTV ratio 50%
Minimum loan amount THB 1 million*
Fixed rates 8.75-9.07% per annum (in THB)**
Loan term From 1 to 10 years
Maximum age of borrowerby the end of the loan term 70

*1 THB=0.028 USD (as of late December 2016)

**The rate is calculated as the Minimum Loan Rate (MLR) plus 2.3-2.8%. The Siam Commercial Bank's MLR is 6.275% as of October 2016.

Interest-free instalment plans are also available during construction periods when buying property from a developer.


Unlike the banks of Thailand, MBK does not require borrowers to provide residence permits, work permits or proof of marriage to a Thai citizen. Loans are also available to buyers whose sources of income are abroad.

Those who wish to obtain a loan to buy a flat in Thailand must submit the following documents to MBK:

  1. For individuals:
    • passport, valid for at least six months, with a valid visa (when required) and the latest immigration entry stamp upon arrival in Thailand
    • marriage or divorce certificate (if any)
    • if applicable, the spouse’s consent to taking out a loan to purchase the property. In some cases, the applicant’s spouse may be required to serve as a co-borrower
    • bank statements for the previous six months
    • credit bureau reports from the buyer’s country of residence
    • utility bills as a proof of address (for non-residents).
  2. For legal entities:
    • сompany’s official affidavit (valid for at least three months)
    • shareholder list (form Bor-Or-Jor.5)
    • directors´ passports (valid for at least six months)
    • financial statement audited by CPA
    • bank statements for the previous six months
    • credit bureau reports of both company and directors
    • utility bills as a proof of address (for non-residents).
  3. Property documents:
    • condominium title
    • valuation report
    • deposit receipt.

Foreign-language documents must be translated into English or Thai.

Extra costs

Borrowers pay charges and fees (including that related to insurance and appraisal).

Upfront charge 1.25% of the loan amount(min. THB 30,000-40,000)
Commitment fee 2% of non-loandisbursement
Mortgage arrangement fee 1% of the loan value
Stamp duty 0.05% of the loanamount (max. THB 10,000)
Property appraisaland Due Diligence Subject to appraiser
Compulsory property insurance Subject to insurance coverage
Compulsory borrower´slife insurance Subject to age, gender,contract terms, insuranceamount and other factors
Early repayment penalty 2% of the prepaymentamount

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    Property buying guide for Thailand
    Article 2 of 5
    Tranio’s managers offer advice on buying real estate in Thailand
    Maria Zharaya
    Maria Zharaya
    Head of Tranio Turkey
    +44 17 4822 0039
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