Shipwreck Posted May 9, 2011 Share Posted May 9, 2011 Normally I would assume no, but I have several friends who have secured bank loans for houses. My question is, if I would like to buy a few rai - undeveloped, basically unused jungle or beach front nothing - can I get a loan from a Thai bank for the purchase? (Obviously under my wife/child's name - not mine) The idea being to have something to build a retirement home on in 20-30 years when the time comes. Or sell it, who knows! I'm thinking between 1-3million. For reference: I am married to a Thai We have a child together She is a housewife I have been working in Thailand with a work permit for 7 years I make a pretty decent income I have a Thai credit history via a Thai credit card Good references available Basically I'm just wondering if it is possible or if anyone had heard of a foreigner being the guaranteer on their wife's land loan. Thanks! Link to comment Share on other sites More sharing options...
stgrhe Posted May 9, 2011 Share Posted May 9, 2011 Why don't you ask your Thai bank? If you are still living here in Thailand, and have a decent income, I am quite sure your wife will be given a loan with you as a guarantor. However, whereas a Thai normally can get 30 year loans, I am not sure if such a long time will be given for a loan with foreign guarantor. Link to comment Share on other sites More sharing options...
juehoe Posted May 10, 2011 Share Posted May 10, 2011 Why don't you ask your Thai bank?[...] We had asked Kasikorn Bank for a loan on land. They refused; only possible with building a house... Link to comment Share on other sites More sharing options...
Shipwreck Posted May 10, 2011 Author Share Posted May 10, 2011 Why don't you ask your Thai bank?[...] We had asked Kasikorn Bank for a loan on land. They refused; only possible with building a house... Interesting! Thanks for that response. Any idea if you had decided to buy land and build a house if they would have said yes? All the foreigner guaranteers that I know were buying hoses that were part of a housing development - or the house already existed. Link to comment Share on other sites More sharing options...
juehoe Posted May 11, 2011 Share Posted May 11, 2011 Any idea if you had decided to buy land and build a house if they would have said yes? All the foreigner guaranteers that I know were buying hoses that were part of a housing development - or the house already existed. I told them, that I am planning a house within the next 3-5 year. But they wanted an already existing project (plans, budget etc.). Link to comment Share on other sites More sharing options...
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