Step-by-Step: Getting a Mortgage in Thailand as an Expat

Step-by-Step: Getting a Mortgage in Thailand as an Expat

Good news: expats CAN get a mortgage in Thailand. Bad news: it's harder than it used to be.

Which Banks Lend to Foreigners?

| Bank | Max LTV | Min Income | Notes | |------|---------|------------|-------| | Bangkok Bank | 60–70% | 100,000 THB/month | Accepts offshore income | | Kasikorn | 60–70% | 80,000 THB/month | Requires work permit | | UOB Thailand | 50–60% | 120,000 THB/month | Prefers work permit | | CIMB Thai | 60% | 150,000 THB/month | Accepts foreign income |

What You'll Need

• Valid passport and Thai visa
• 6–12 months of bank statements and payslips
• Tax returns (home country or Thailand)
• Employment verification

The Approval Process

1. Pre-qualification (1–2 days)
2. Full application (2–4 weeks)
3. Bank appraisal (1 week)
4. Loan offer
5. Transfer at Land Office

Alternatives If You Can't Get a Mortgage

• Developer financing — Instalment plans (0% interest for 12–24 months)
• Home loan from your home country — Refinance against existing property
• Bring the full amount — Wire transfer from overseas