Neeranam Posted November 20, 2012 Share Posted November 20, 2012 My wife(Thai) and I are starting to visit banks tomorrow to find one to give us a loan for a house. It might be difficult as she doesn't work. Can anyone recommend a bank that would give such a loan. We are starting with the bank that my salary goes in - Krung Thai but I have found them very racist before - stupid reasons for not giving credit card etc. We tried Bangkok Bank a few years ago but the reason for not giving us a loan was that my job only offers yearly contracts. Any experience or advice appreciated NN Link to comment Share on other sites More sharing options...
Crossy Posted November 20, 2012 Share Posted November 20, 2012 Siam Commercial (Thai Panich) is where we got our construction loan (50%), no significant issues but took ages and multiple copies of PP, WP etc etc. Wifey does not work, but we got her brother in on the act with me as guarantor (and payment source). Link to comment Share on other sites More sharing options...
JoePai Posted November 20, 2012 Share Posted November 20, 2012 Siam Commercial (Thai Panich) is where we got our construction loan (50%), no significant issues but took ages and multiple copies of PP, WP etc etc. Wifey does not work, but we got her brother in on the act with me as guarantor (and payment source). Did you - or your brother in law - have to take out a Life insurance policy ? Link to comment Share on other sites More sharing options...
wayned Posted November 20, 2012 Share Posted November 20, 2012 Ours was with Government Housing Bank. Had to get brother-in-law involved also. Took about 3 months. Had to have insurance ploicy on only my wife as she was the holder of the loan. But she didn't work? Makes a lot of (non) sense! That was 14 years ago. Link to comment Share on other sites More sharing options...
beano2274 Posted November 20, 2012 Share Posted November 20, 2012 Thanachart for the wife, no insurances needed (actually was Siam Bank before being bought out) Link to comment Share on other sites More sharing options...
PattayaPhom Posted November 20, 2012 Share Posted November 20, 2012 If its Chonburi area let me know Link to comment Share on other sites More sharing options...
Crossy Posted November 20, 2012 Share Posted November 20, 2012 Siam Commercial (Thai Panich) is where we got our construction loan (50%), no significant issues but took ages and multiple copies of PP, WP etc etc. Wifey does not work, but we got her brother in on the act with me as guarantor (and payment source). Did you - or your brother in law - have to take out a Life insurance policy ? Yes, Wifey (but not BiL as I recall) had to take out a single-payment life insurance (added to the finance package). I already have life insurance that will pay off the loan in the event of my demise (but that was never asked for or examined). Link to comment Share on other sites More sharing options...
BB1955 Posted November 20, 2012 Share Posted November 20, 2012 Just got a 50% construction loan Siam commercial bank was an easy process . Wife had to take out the insurance as well even though she doesnt work and I will be paying it off . Makes no sense but thats life ...... Wasnt real happy about the interest rate but what can you do !!!! Link to comment Share on other sites More sharing options...
kurnell Posted November 20, 2012 Share Posted November 20, 2012 UOB gave us 110% of the value of our house, then gave us a significant discount on the insurance rate after 3 years. They are crap at everything else though. Link to comment Share on other sites More sharing options...
gmac Posted November 21, 2012 Share Posted November 21, 2012 Just got a 50% construction loan Siam commercial bank was an easy process . Wife had to take out the insurance as well even though she doesnt work and I will be paying it off . Makes no sense but thats life ...... Wasnt real happy about the interest rate but what can you do !!!! As a matter of interest, what was the interest rate you got that made you so unhappy? Link to comment Share on other sites More sharing options...
chris11 Posted November 21, 2012 Share Posted November 21, 2012 Hello We got from UOB 70%, my wife not work. And i had to make an Lifeinsurance for me. Everything straight forward without hassles Chris Link to comment Share on other sites More sharing options...
Neeranam Posted November 21, 2012 Author Share Posted November 21, 2012 Went to the Bangkok Bank, where I've had an account for over 15 years - they said they never give a house loan to a foreigner if their Thai wife doesn't work. I assume that it's only this branch that say this as they've had a 'bad experience' with a foreigner.Sounds like a blatant lie to me. I guess it's entirely up to the branch? Would it be worth contacting another branch? Link to comment Share on other sites More sharing options...
osten Posted November 21, 2012 Share Posted November 21, 2012 My wife no longer works and my income is from overseas. Yet, we managed to get a sizeable mortgage from a Singaporean bank with a few branches in Thailand. PM me and I will give you details that may help you out. Sent from my HTC ChaCha A810e using Thaivisa Connect App Link to comment Share on other sites More sharing options...
hyperboyz9 Posted November 22, 2012 Share Posted November 22, 2012 (edited) It has 2 choices for your situation - UOB bank = You can get up 80% of loan but you must wiat the process from Bangkok - SIngapore and return - MBK Loan = You can get loan easily although you don't ahve the work permitted in Thailand but it may have more documents. PM or email me at email removed per forum rules I will give advise and let you to deal with a financial. Edited November 22, 2012 by Crossy email removed per forum rules Link to comment Share on other sites More sharing options...
Neeranam Posted November 27, 2012 Author Share Posted November 27, 2012 It has 2 choices for your situation - UOB bank = You can get up 80% of loan but you must wiat the process from Bangkok - SIngapore and return - MBK Loan = You can get loan easily although you don't ahve the work permitted in Thailand but it may have more documents. PM or email me at email removed per forum rules I will give advise and let you to deal with a financial. What is MBK loan?I've been offered an 80% loan from Krung Thai and a 90-100 % loan from Thanachart. Link to comment Share on other sites More sharing options...
RAZZELL Posted November 27, 2012 Share Posted November 27, 2012 Just out of interest is this for an already completed house or for land+building of a house? RAZZ Link to comment Share on other sites More sharing options...
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