Secured Loan/Home Equity Loan/Condo Mortgage for Foreigners? (already tried MBKG, to no avail)

[saultrejo33]

Hi friends,

 

Do you know where I can get a loan for a condo I want to buy in Chiang Mai?

 

I have a couple of condos in Bangkok and Pattaya that I can use as collateral.

 

Unfortunately, neither of them meets the minimum 2 million baht valuation so I don't qualify for the MBKG loan (their loan program is extremely confusing, to say the least, they don't actually provide condo loans, contrary to what is written on their website. They just lend you money against a condo you already own).

 

I have a work permit and appropriate visa and can probably meet whatever other requirements may be needed, such as a minimum salary requirement.

 

I've already checked the UOB and ICBC bank loan options. Not suitable.

 

I've also enquired with <other forums> but am yet to hear back from either of them (they have landing pages that give the appearance they can help foreigners find home loans in Thailand).

 

 

Appreciate your time,

~Saul

Edited September 2, 2021 by Crossy
reference to competing sites removed per forum rules

[Crossy]

Without a Thai guarantor / co-borrower you are going to struggle I'm afraid.

 

Is seller-finance an option?