Highlights
Terms & Conditions
Interest and Fees
Required Document
Borrower Qualifications
Highlights
Foreigner friendly
Borrow and repay Thai Baht
Available for non-permanent residents
Does not require work permit or permanent visa
Welcome all currency income earners
Repay through mobile banking or international payment
Prepayment option available
Terms & Conditions
Terms
Conditions
Loans Size
Up to 50% of valuation, minimum THB 1 million
Collateral
Condominium in Bangkok, its peripheral, and Pattaya
Term
Minimum 1 year up to 10 years; maximum age of 70*
Repayment
Monthly installment starting from THB 11,000** required with option for balloon payment up to 50% of loan size at maturity
** Customer required to apply direct debit service at nominated commercial banks for loan repayment.
Interest & Fees
Interest
Interest
MLR+3.4% per annum* (refer to KBANK’s MLR**)
Fees
Front-end
1.5% of loan size***
Others Expenses
Mortgage Fee
1% of loan size, payable to Land Dept
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
Others Conditions
2% of non loan disbursement (upon contract signing, refundable)
Prepayment Fee
** Currently KBANK’s MLR standing at 7.02% as of 6 June 2023 (Rates are subject to change as per Bank’s latest announcements)
*** Varied according to location min THB 30,000 per contract
Remark: The conditions above apply to loans on condos used for residential purposes by the borrower and not more than 1 unit. For other cases, rates and fees may change.
Required Document
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.
– Passport used for applying credit must be the same as one used for mortgage registration at Land Dept.
** 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.
***** In case of non-permanent residence in Thailand, utility bill (electric, water, telephone) with permanent address abroad must be shown
Property Documents
Particular
Individual
Corporate
Condominium title
Valuation report by preferred appraiser*
Deposit/installment receipts (if any)
Others upon request
*Contact details to be provided
Also require:
- For certified true copy for all copy documents.
- Thai/English translations for documents in other languages.
- Color photocopy of passport is required.
Borrower Qualifications
Particular
Individual
Corporate
No negative equity or net worth
No debts overdue more than 3 months in NCB
No overdue tax payment with The Revenue Dept.
No overdue Land and Building tax payment
** Currently KBANK’s MLR standing at 7.02% as of 6 June 2023 (Rates are subject to change as per Bank’s latest announcements)
*** Varied according to location min THB 30,000 per contract
Remark: The conditions above apply to loans on condos used for residential purposes by the borrower and not more than 1 unit. For other cases, rates and fees may change.