Step-by-Step: Getting a Mortgage in Thailand as an Expat
By REVR Editorial1 min read
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
- Pre-qualification (1–2 days)
- Full application (2–4 weeks)
- Bank appraisal (1 week)
- Loan offer
- 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