Jump to content

Thai person wanting a mortgage - what are the requirements ?


torrenova

Recommended Posts

As for getting a fixed rate loan, Bangkok Bank says:

 

 

3. Do I have any other choices when it comes to my mortgage installments?

You can choose to fix your monthly loan repayment either with a flat-rate calculation or a step installment (for interest rate option 1 and 2).

 

With the flat-rate repayment option, each installment will be the same over the period of your loan.

With the step-installment option, you will pay a smaller monthly amount at the beginning of the loan term. However the repayments will be increased later.

 

Source is located

HERE.

Link to comment
Share on other sites

I have had two mortgages which were fixed rates in Thailand for the first 24 months and then they went to a variable rate linked to the central bank fee (the MLR I think refered to above). Both were with Siam Commercial Bank who are also our company bankers and I have had a a excellent relationship with them for years hence the approval process was quite straightforward. Incidentally no longer can a company with foreign directors borrow money for any land acquisitions.

 

Cheers

SS

Link to comment
Share on other sites

Archived

This topic is now archived and is closed to further replies.

×
×
  • Create New...