Bank

Foreign Housing Loan Comparison in Thailand. Update 2021

Update COVID-19 – February 2021:

Currently the ICBC Bank’s policy changed a bit.
Right now ICBC Bank Thailand is not able to accept cases if not working in Thailand due to the current COVID 19 situation. After the COVID-19, they may assess the criteria again.
Currently ICBC Bank Thailand offers only foreign housing loan in HKD, available for Hong Kong citizens only.

UOB Bank has new temporary criteria. Customers applying for a Thai International Home Loan program with UOB Bank during Covid-19 containment requires UOB relationship.

Foreigners non-residents in Thailand are able to process a loan application for a purchase of freehold condominium in Thailand. Nevertheless the criteria are a bit specific. Keller Henson team will help you to analyze the foreign housing loan application conditions in Thailand. Do not hesitate to contact us in case you would like to get more details and assistance to answer any question you might have.


Keller Henson did a brief comparison of the Foreign Housing Loan criteria in Thailand with ICBC Bank and UOB Bank for you to easily decide which Bank suits your needs at best.


2021 – Foreign Housing Loan Comparison in Thailand:

Foreign Housing Loan Comparison in Thailand. Update 2021
Update February 2021ICBC Bank ThailandUOB Bank
Thailand
Easy Home Global
(Hong Kong)
Eligible Applicant:Non-residents
(HK Citizens only)
Non-residents
(Limited per country)
Non-residents
Age:21-55 years old21-65 years old21-60 years old
Property Type:Freehold condominiumFreehold condominiumFreehold condominium
Property Value:Min. 2,500,000 THBMin. 3,000,000 THBMin. 1,000,000 HKD
Loan To Value:Max. 70%Max. 70%Max. 50%
Loan Amount:Min. 1,500,000 THBMin. 2,000,000 THBMin. 500,000 HKD
Loan Tenure:3-15 years3-30 years3-10 years
Interest Rate:Min. 5.25%
Max. 3M SIBOR + 6.00%
Min. USD Prime + 2.75% / 3M SIBOR + 3.60%
Max. USD Prime + 3.75% / 3M SIBOR + 6.00%
Average 4.99%
Currency:SGD / HKDSGD / USDHKD
Foreign Housing Loan Comparison in Thailand. Update 2021

Note: The loan application for off plan properties, can only be done few months before project’s completion date. Once the project has been registered as condominium and the title deed been issued.


Below are the details of Foreign Housing Loan application with ICBC Bank and UOB Bank in Thailand:

ICBC BANK – 2021 Foreigner Housing Loan Thailand details:

  • Eligible Applicant: Non-resident (HK citizens only)
  • Age: 21 – 55 years old
  • Property Type: Freehold condominium
  • Property Value: Min. 2,500,000 THB
  • Loan to Value: Max. 70%
  • Loan Amount: Min. 1,500,000 THB
  • Loan Tenure: 3 – 15 years
  • Interest Rate: Min. 5.25% — Max. 3M SIBOR+6.0%
  • Currency: SGD/HKD
ICBC BANK – 2021 Foreigner Housing Loan Thailand details

UOB BANK – 2021 International Property Loan Thailand details:

Update COVID-19 February 2021:

UOB Bank has new temporary criteria. Customers applying for a Thai International Home Loan program during Covid-19 containment requires UOB relationship.
1/Existing UOB Relationship:
Min. 1 year with UOB AND Min. monthly balance of SGD 120,000 (or ~THB 3,000,000)
This is based on min 1 year with UOB Singapore, UOB overseas branches, subsidiaries or representative offices.
2/New UOB Relationship:
Deposit pledge SGD 120,000 (or ~THB 3,000,000) or 10% of purchase price (whichever is higher) for 1 year with UOBS, UOB overseas branches, subsidiaries or representative offices.
  • Eligible Applicant: Non-resident (limited per country)
  • Age: 21 – 65 years old
  • Property Type: Freehold condominium
  • Property Value: Min. 3,000,000 THB
  • Loan to Value: Max. 70%
  • Loan Amount: Min. 2,000,000 THB
  • Loan Tenure: 3 – 30 years
  • Interest Rate: Min. USD Prime + 2.75% / 3M SIBOR + 3.60% — Max. USD Prime +3.75% / 3M SIBOR + 6.00%
  • Currency: SGD/USD
UOB BANK – 2021 International Property Loans Thailand details

Easy Home Global – 2020 International Property Loan:

Easy Home Global offer finance for international property purchase. This finance company is established in Hong Kong. Easy Home Global offers financing to foreigner non-resident in Thailand purchasing a condominium for own-use or investment purposes. Below you can have a look of the main criteria regarding finance with Easy Home Global:

  • No requirement for permanent residence or employment in Thailand
  • Any nationality welcome to apply.
  • Borrower’s age at the end of the contract cannot exceed 70 years old.
  • Financing area: Condominium and Service Apartment in Bangkok
  • Loan to value: up to 50%.
  • Loan tenor: up to 10 years. Minimum 3 years.
  • Currency: HKD.
  • Minimum property value 1,000,000 HKD.
  • Minimum loan amount: 500,000 HKD.
  • Mortgage interest rate average 4.99%
Easy Home Global – International Property Loan

Check our blog post – The Guide to Purchase a Property in Thailand. Conditions, Process & Recommendations. 2021.

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