Jump to content

Recommended Posts

Posted

If you are living outside of Thailand and you have a property (condominium or house & lot), how do you normally pay your monthly amortization? Do you send it via remittance? or is there a payment facility like AsiaPay or something? Thank you!

Posted
46 minutes ago, spacepass338 said:

If you are living outside of Thailand and you have a property (condominium or house & lot), how do you normally pay your monthly amortization? Do you send it via remittance? or is there a payment facility like AsiaPay or something? Thank you!

Foreigners dont usually qualify for, or have mortgages (if thats what you mean by amortization). So most wouldn't be paying them from outside Thailand.

Otherwise, I imagine people would transfer funds to their Thai banks, that have online banking and payment facilities, direct debit etc.

 

  • Like 1
Posted
On 2/18/2021 at 12:03 PM, Peterw42 said:

Foreigners dont usually qualify for, or have mortgages (if thats what you mean by amortization). So most wouldn't be paying them from outside Thailand.

Otherwise, I imagine people would transfer funds to their Thai banks, that have online banking and payment facilities, direct debit etc.

 

Thanks for this!

 

hmm...

why are foreigners having a hard time qualifying?

how about Thais who work in other countries? Is there a Thai Wallet or something link WeChat & Alipay?

Posted
34 minutes ago, spacepass338 said:

Thanks for this!

 

hmm...

why are foreigners having a hard time qualifying?

how about Thais who work in other countries? Is there a Thai Wallet or something link WeChat & Alipay?

 Most foreigners -who purchase property do not work in Thailand. Therefore obtaining a mortgage is not possible.

Those who do work in Thailand -can probably obtain a mortgage-maybe.

The banks generally have a bad time taking back the property when it is obvious that property owner has no intention of paying  any more money.

  • Like 1
Posted
2 hours ago, spacepass338 said:

Thanks for this!

 

hmm...

why are foreigners having a hard time qualifying?

how about Thais who work in other countries? Is there a Thai Wallet or something link WeChat & Alipay?

I think you would have difficulty getting a mortgage in most countries of the world, if you dont work or permanently reside in that country.

The only property a foreigner can legally own in Thailand is a foreign quota condominium and the money needs to come from outside thailand for that purchase. The banks dont hand out mortgages for property you cant own.

I think you will find Thais servicing a mortgage would be doing funds transfer, direct debit from a Thai account. Its servicing a loan not buying goods/services using a payment gateway.

Payment gateways like alipay are, to a certain extent, the banks competition. I cant see any bank signing up to be a merchant (pay fees) with any payment gateway just so people can put money into the bank account, to pay their mortgage.

 

 

 

Posted
On 2/23/2021 at 3:10 PM, Peterw42 said:

I think you would have difficulty getting a mortgage in most countries of the world, if you dont work or permanently reside in that country.

The only property a foreigner can legally own in Thailand is a foreign quota condominium and the money needs to come from outside thailand for that purchase. The banks dont hand out mortgages for property you cant own.

I think you will find Thais servicing a mortgage would be doing funds transfer, direct debit from a Thai account. Its servicing a loan not buying goods/services using a payment gateway.

Payment gateways like alipay are, to a certain extent, the banks competition. I cant see any bank signing up to be a merchant (pay fees) with any payment gateway just so people can put money into the bank account, to pay their mortgage.

 

 

 


agree on this. but what about Thai property developers? Do they have a payment gateway partner in order for their customers to pay their monthly amortization online and even overseas?

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • Recently Browsing   0 members

    • No registered users viewing this page.



×
×
  • Create New...