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

  • Loan Size

    Up to 50% of valuation, minimum THB 1 million

  • Collateral

    Condominium in Bangkok and its peripheral, key resort provinces

  • Currency

    Thai Baht

  • Term

    Minimum 1 year up to 10 years; maximum age of 70*

  • Repayment

    Monthly installment** required with option for balloon payment up to 50% of loan size at maturity

Remarks :

*
Borrower's age at the end of contract
**
Customer required to apply direct debit service at nominated commercial banks for loan repayment.

Table of monthly installment

Based on THB 1 million loan (Subject to interest change)

Loan Period % Balloon payment at the end
50% 40% 30% 20% 10% 0%
10 yr 10,700 11,200 11,700 12,200 12,700 13,100
7 yr 12,400 13,200 14,000 14,900 15,700 16,500
5 yr 14,700 16,000 17,300 18,600 19,900 21,200
3 yr 20,200 22,600 25,000 27,400 29,800 32,200
2 yr 27,200 30,900 34,700 38,500 42,300 46,100
1 yr 48,000 56,000 64,000 71,900 79,900 87,900

Interest & Fees

  • Interest

    MLR+2.4% per annum* (refer to KBANK's MLR**)

  • Front-end

    1.25% of loan size***

Other 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

  • Appraisal Fee

    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

  • Life Insurance

    Subject to loan size, max THB 10 million sum insured

  • Other Conditions

    Commitment Fee

    2% of non loan disbursement (upon contract signing, refunable)

    Prepayment Fee

    2% of prepaid principal amount within the first 3 years. No fee after 3 years.

*
For non life insurance (MRTA) and non direct debit, the rate will increase by 0.5% and 1% p.a., respectively.
**
Currently KBANK's MLR standing at 5.47% as of 22 May 2020 (Rates are subject to change as per Bank's latest announcements)
***
Varied according to location min THB 30,000 per contract

Remarks :

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 Documents

Individual

  • ID/Passport* (valid for at least 6 months)
  • Marriage/divorce certificate** (If any)
  • Spouse consent*** to borrow / mortgage property
  • Bank statements for 6 latest months
  • Credit bureau reports from country of residence (valid within 3 months)
  • Others upon request *****

Remarks :

*
- 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.

Corporate

  • 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)(1)
  • Others upon request *****

Remarks :

(1)
Credit bureau reports of directors
****
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 no 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

  • Condominium title
  • Valuation report by preferred appraiser*
  • Deposit/installment receipts (if any)
  • Others upon request

Remarks :

* Contact details to be provided

Also require:

  • For certified true copy for all copy documents.
  • Thai/Eng translations for documents in other languages.
  • Color photocopy of passport is required.