Jump to content








  • Topics

  • Latest posts...

    1. 26

      Famous Singer Tik Shiro Involved in Fatal Bangkok Car Accident, Two Dead

    2. 0

      Survivors of Hiroshima and Nagasaki Awarded Nobel Peace Prize for Nuclear Disarmament

    3. 0

      Controversy Surrounds Guardian Review of Oct 7 Documentary on Hamas Massacre

    4. 0

      Unlikely Justice for Victims of Novichok Poisoning, Says Former PM Theresa May

    5. 0

      The Growing Influence of the US Far Right on Ireland's Extremist Movements

    6. 0

      Boris Johnson Hints at Potential Return to Front-Line Politics

    7. 0

      Pro-Palestinian ‘mob-rule tactics’ Force Postponement of Braverman’s Cambridge Speech

    8. 0

      Taylor Swift Donates $5 Million to Hurricane Relief Efforts

    9. 0

      Honeymoon Period Over for Kamala Harris Polls Show Tight Race

    10. 0

      DeSantis Pushes Back on Climate Change’s Role in Stronger Storms

    11. 0

      German Politician Calls for Ban on Greta Thunberg Over Pro-Palestinian Protest Involvement

    12. 0

      U.S. Seeks to Weaken Hezbollah’s Grip on Lebanon Amid Israeli Offensive

    13. 0

      YouTuber and BBC Star Yung Filly Arrested in Australia Over Alleged Hotel Rape

Are Thai Mortgages Amortized?


Recommended Posts

I have been given a quote for a mortgage and I can't make sense of the figures. Based on standard amortized loan calculations, the monthly repayments are roughly 10% higher than i would have expected. They don't use simple interest loans for mortgages in Thailand do they?

Any help would be much appreciated.

Cheers

Edited by inthepink
Link to comment
Share on other sites


I'll answer my own question - Yes they are amortized but instead of adjusting the monthly repayments whenever interest rates change, the potential length of the loan will change instead (at least that's how Bangkok Bank seem to work).

Edited by inthepink
Link to comment
Share on other sites

When we had a mortgage the interest was calculated daily on the outstanding daily balance.

I had a spreadsheet and could get the same number. Any early payment was free and reduced the balance outstanding there and then.

All pretty much same as home country.

Paid it off early no penalty either.

Check the terms and conditions of your mortgage for fees and ask for a print out with the interest calcs.

They may possibly have added in various fees and expenses to your principal amount.

Cheers Fletch :)

Sent from my GT-I9152 using Thaivisa Connect Thailand mobile app

Edited by fletchsmile
Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • Recently Browsing   0 members

    • No registered users viewing this page.
×
×
  • Create New...