Is it easy to get a mortgage in Thailand?

Getting a mortgage in Thailand is hard but not impossible. A few Thai banks are known for being more foreigner friendly. The easiest way to purchase property in Thailand is by paying with cash. But, if you are needing a mortgage, there are a few banks that can give mortgages to foreigners.

Mortgage application documents:

      – Passport

      – Visa

      – Work permit (over 2 years old)

      – Marriage certificate to a Thai person

      – Certificate of salary from work

      – Copy of bank statement (last 6 months)

      – Salary slip

      – Other passbooks

      – Income tax return

      – Other documents showing sources of income

      – Borrower’s age and installment period combine must not exceed 60 years

      – Must have income 3 times the monthly installment amount

      – Credit bureau check

      – Title deed, sale and purchase agreement, and valuation report

Having these documents ready and in order can streamline the loan application process for property purchase.

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Thai Bank Krungsri (yellow color)