Highlights
Terms & Conditions
Interest and Fees
Required Document
Borrower Qualifications
Highlights
Faster than commercial banks
Loan size subject to market price
Interest charged on outstanding balance
Payable over up to 3 years
No hidden costs
Redeem collateral anytime
Client confidentiality is a priority
Cashed within 4 weeks unless loan size is THB 500 million upwards
*There is an inspection fee for assets in other provinces and an appraisal fee from the appraiser. (Responsibility of the borrower)
Property type
02. Acceptable areas in Bangkok and peripheral areas, and the areas in the city of Chonburi, Pattaya, Rayong, Hua Hin, Cha-am, Phuket, and Chiangmai are within the 5 kilometers radius around the city.
03. Unacceptable areas include agricultural, industrial, forestry areas, national forest reserves, national parks, Khao Yai areas, areas with sound and odor pollution, areas near energy sources, areas with well deeper than 5 meters, or high-voltage cables more than 20% of the area.
04. The land plot must have a minimum width and width of the road on a plot of 6 meters, with the access way not less than 6 meters, and can be developed as a commercial or residential project.
05. The land plot must not exceed sea level by 80 meters and will not be considered in the case of a slope exceeding more than 35 degrees.
06. The land plot must have utility (electric, water, telephone signal etc.)
07. The land with commercial properties are all subject to company’s discretion and must be in ready-to-use condition with proper construction permit and not contrary to any law.
08. Properties under construction or incomplete and land plots in the housing estates are not accepted.
09. The housing project under Land Subdivision Act will get a loan up to 2/3 of the government appraisal value.
Terms & Conditions
Terms
Conditions
Up to 50% of valuation, minimum THB 5 million and uncapped maximum
Term
Up to 3 years
Principal Repayment
Minimum 20% of original principal at the end of each loan year, remaining principal paid on the last installment
Interest Payment
Paid in advance for at least 1 year upon loan drawdown. Unused prepaid interest will be refunded in the case of early principal repayment.
** Customer required to apply direct debit service at nominated commercial banks for loan repayment.
Interest and Fees
Interest
Interest
Floating at MLR+5.18% p.a. or not exceeding 12% p.a. in total (refer to KBANK’s MLR*)
Fees
Front-end
1.5% of loan size (one time upon loan drawdown)
Prepayment
Commitment
2% of non loan disbursement (upon contract signing, refundable)
Renewal
1% of loan size (upon contract renewal)
Others Expenses
Mortgage Fee
1% of principal (max THB 200,000/ time except for condo unit)
Inspection Fee
Up to THB 10,000/visit (as per distance) for travelling expenses
Subject to appraiser for setting loan size
Travelling Fee
Up to THB 12,000 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
Required Document
- Title documents (Title deed, condo title, construction permit)
- Coordinate of property location
- Images of property
- Letter of intent
In case of preliminary consideration
Applicant Documents
Particular
Individual
Corporate
ID/Passport* (valid for at least 6 months)
Marriage/divorce certificate** (If any)
Spouse consent*** to borrow / mortgage property
Company’s official affidavit
(valid within 3 months)
Shareholder list (form Bor-Or-Jor.5)
(valid within 3 months)
Authorized director’s ID/passport****
(valid for at least 6 months)
Financial statement for last 3 years audited by CPA
Tax return form for latest year
Bank statements for 6 latest months
Credit bureau reports from country of residence
(valid within 3 months)
Others upon request*****
*Passport with valid visa (when required) and latest immigration entry stamp upon The Kingdom arrival
** Applicant’s spouse may be required as co-borrower in some circumstances
*** Template is available
**** In case of the company has its director as a co-borrower using the company’s asset as collateral, the director to sign all relevant loan agreement shall be another director who is not co-borrower to the loan. Consent from the company’s shareholders must be obtained before doing mortgage registration at land off ice
Property Documents
Particular
Individual
Corporate
Appraisal report by preferred appraiser*
Others upon request
*Contact details to be provided
Also require:
- Signature for certified true copy for all copy documents
- Thai/English translations for documents in other languages
Borrower Qualifications
Particular
Individual
Corporate
Proof of funds
Non-bankruptcy
No negative equity or net worth
No overdue more than 3 months in NCB
No overdue tax payment with Revenue Dept.