RIP Wayne Guest

[pattayadingo]

Can someone give me some ideas about what sort of credit rating would be needed to buy a house of say 2 million Baht on a mortgage for a Thai person?

How long would a Thai need to have a good credit rating with their bank?

What sort of income (or minimum income) would be needed to be going in and out of the bank per month to build a credit rating?

Currently the account is a savings account with SCB Bank.

Any basics on how much a mortgage would cost on a house of, for example, 2 million Baht?

What level of deposit might be required on a house of 2 million Baht.

Anything else I might have missed mentioning?

Thanks.

[AyG]

Have a look at the relevant page on the SCB website - http://www.scb.co.th/en/personal-banking/loans/personal-loans/housing-loans

You need six months of paperwork.

You can calculate the repayment amounts using the current MLR, also available on the SCB website.

A prudent bank will only lend as much as the borrower can afford to service, depending on circumstances. Typically one would expect the income to be at least 3 times the monthly mortgage payments. Banks here tend to be more generous, however, with government workers because of the higher job security.

[pattayadingo]

Thanks for that

I'll check that link out.