jamesintheworld Posted March 8, 2006 Share Posted March 8, 2006 (edited) Can Expats get a local bank loan to buy a House or Car in Thailand? And if they can what is the process? I currently live in Jakarta, Indonesia and Expats can’t buy property here so I am looking at relocating to somewhere else in SE Asia, but I would prefer not to spend a huge amount upfront. Thanks for the help. Edited March 9, 2006 by lopburi3 Link to comment Share on other sites More sharing options...
rcm Posted March 8, 2006 Share Posted March 8, 2006 Can Expats get a local bank loan to buy a House or Car in Thailand? And if they can what is the process? I currently live in Jakarta, Indonesia and Expats can’t buy property here so I am looking at relocating to somewhere else in SE Asia, but I would prefer not to spend a huge amount upfront. Thanks for the help. Hi , I don't think so...but you might make this on your Wifes name(if you're married)..depends on her background and financial situation. By the way ...whats the point of your Forum - nobodys there....so i guess you using all these questions here on TV to become popular ha? And why do you spell the word" Living" like that "LIVENING"? Better use a spell check to make your website ... Anyways i hope i gave you hints enough now, rcm Link to comment Share on other sites More sharing options...
Pumpui Posted March 8, 2006 Share Posted March 8, 2006 Can Expats get a local bank loan to buy a House or Car in Thailand? And if they can what is the process? I currently live in Jakarta, Indonesia and Expats can’t buy property here so I am looking at relocating to somewhere else in SE Asia, but I would prefer not to spend a huge amount upfront. Thanks for the help. Just got a loan on a Honda Accord. Workpermit 6 month bank statement Local Thai garant (needs to have money or income) 25 % down payment House papers from where you live Good luck Link to comment Share on other sites More sharing options...
GuestHouse Posted March 8, 2006 Share Posted March 8, 2006 It seems to be braking Rule No. 1. If you need a lone, then it is likely you can't afford the hit if you loose the investment you put the money into. Whatever, if you take a loan in Thailand that you are paying for with cash from overseas, check the maximum movement in the exchange rate you can afford. Don't sail too close to the wind. Link to comment Share on other sites More sharing options...
steveromagnino Posted March 9, 2006 Share Posted March 9, 2006 Can Expats get a local bank loan to buy a House or Car in Thailand? And if they can what is the process? I currently live in Jakarta, Indonesia and Expats can’t buy property here so I am looking at relocating to somewhere else in SE Asia, but I would prefer not to spend a huge amount upfront. Thanks for the help. Discussed a few times and I have personally done it (although my case is slightly different) and advised/spoken to 3 people in your exact position or thereabouts how to do it all successful. Need: - work permit - proof of income - proof that you've been here for a while/have assets that sort of thing - borrowing for apartment (will not work for land) Do not need: - Thai spouse You can also borrow in Singapore for larger sized purchases with BBL. Link to comment Share on other sites More sharing options...
IndoRealty Posted March 9, 2006 Share Posted March 9, 2006 (edited) Can Expats get a local bank loan to buy a House or Car in Thailand? And if they can what is the process? I currently live in Jakarta, Indonesia and Expats can’t buy property here so I am looking at relocating to somewhere else in SE Asia, but I would prefer not to spend a huge amount upfront. Thanks for the help. I know many foreigners who own landed houses in Jakarta. Even some of those buildings on Sudirman such as BCA & Da Vinci buildings (owned by Singaporeans) and MidPlaza/Bank of Tokyo building (owned by Japanese). You need to set up an Indonesian company (which belongs to you entirely) to hold a landed house/building in Indonesia and the process is less complicated in Indonesia than in Thailand to own a landed property and many banks in Indonesia are eager to lend money (whereas it is prohibited by the central bank of Thailand for banks in Thailand to lend to foreigners to buy properties and a foreigner can only hold 49% of the company which holds a landed property). More xenophobia in Thailand than in Indonesia in my opinion. Thailand only has an edge of clear regulation on condominium ownership by foreigners. I would expect Indonesia will have a more liberal laws on condo ownership than Thailand. I myself own a landed property in Jakarta and I am a Malaysian national. Edited March 9, 2006 by IndoRealty Link to comment Share on other sites More sharing options...
sinkorswim Posted March 17, 2006 Share Posted March 17, 2006 The singapore branch of the Bangkok Bank is offering loans to falangs to purchase property in Thailand providing you meet there critera. Not yet here in thailaand as far as I know. Link to comment Share on other sites More sharing options...
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