Table showing monthly installments and lower interest paid
note
-The repayment period used in the comparison is 30 years.
-Installment period starts from 3 years to 30 years
-The above interest rates may change according to the bank's announcement and may differ according to each customer's conditions.
Make a request through DD Capital*
Preconditions
-Interest rate in years 1-3 is 4.5% and from year 4 onwards, floating interest rate is used
-From the 4th year onwards, you can request a reduction in interest for every 3-year installment without having to request refinancing (must make on-time
payments for 3 consecutive years)
For example, the interest rate in year 4 will float at 6.75%. You can request to reduce the interest rate to 45% in years 4-6 and request to reduce the interest rate every 3 years
-If the principal is less than 1 million baht, the interest will be adjusted to a floating rate as announced by the bank. You cannot request a reduction in interest.
summarize
-Pay off in less than 8-9 years.
-Ray interest less than half of others.
*Depending on the credit limit and interest rate received
*Maximum interest rate MRR (in example equal to 7.95% per year)
Make a request through another person*
Preconditions
-Interest rate in years 1-3 is 4.0%, year 4 onwards is 6.7%.
-Ray interest more than double than through DD Capital.
-Pay off in full according to the loan contract period.
Qualifications and application documents
Loan applicant qualifications.
-Thai nationality.
-Age 21 years (Completed)
to 70years
-Monthly income of 40,000 but or more (before deducting taxes and expenses)
Minimum work per
-6 months later (or pass probation period)
Co-borrower
(Of there is a case where the loan amount excoods 70%)
-Thai nationality
-Age 21 to 72 years.
-No income or work required.
-Must be a family member only [father, mother, husband, wife, child
or sibling)
Identity verification documents
- Application form with two copies of your credit report
- Copy of ID card
- Copy of The house registration
- Copy of marriage certificate (if any)
- .Copy of name and sumame change certificate (if any)
Income verification documents
- Latest pay sip for the past 6 month's
- Salary
- statement for the past 6 months
- Tax Return 1 year
- Pansion or savings account (any)
Collateral Documents
1..Purchase and sale contract (signed by buyer and seller)
2.Front and back of the collateral land title deed (all pages)
3.In case of redemption from other financial institutions
- Land purchase contract (T.D.13)
- Loan agreements and mortgage agreements from the
original financial instituiona
- Loan agreements and mortgage agreements from the
original financial instituiona
4.In the case of building a house
- Building permit
- Permitted construction plans and materials list
- Construction contract or quotation from the contractor
- Land purchase contract (in case of land purchase loan)
Bank Expense Estimate
1. The assessment fee is approximately 3,210 baht.
2. Stamp duty 0.05% of the loan amount
3. Fire insurance is based on the collateral valuation
4. Land Department mortgage registration fee 1% of the loan amount
*According to government measures, the transfer and mortgage of real estate has been reduced to 0.01% of the loan amount for a
mortgage amount not exceeding 7 million baht per contract until December 31, 2024.
5. Life insurance for loan protection (installments with the bank)
Loan processing fee
- . Loan approval fee: 2.5% of the loan amount or not more than 95,000 baht (house price less than 10,000,000 baht) 1.5% of the loan amount or not more than 200,000 baht (house price from 10,000,000 baht or more)
- The processing fee will be charged only after the loan is approved. Don't worry about losing money for nothing if the loan is not approved
- Credit Bureau check fee for pre-approval is 500 baht per person.
- Translation costs are calculated based on actual costs (f any), such as the cost of hiring an institution to translate documents into Thai for 4-5 thousand baht per case (multiple pages of documents) with a certified stamp from an institution licensed by the government
Loan approval process for Thais living abroad
