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Construction in Thailand Is building in Thailand as bad as it seems? Can properties really be built and fitted out to European standards? Would you like to Build your own house in Phuket, or a swimming pool in Bangkok? Solar water heating in Pattaya? Or maybe you want to build a resort or guesthouse on Koh Samui? If you want to build a luxury house in Thailand then this is the forum for you.

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Old 17-04-2017, 02:36 PM   #1 (permalink)
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Bank loan for house

Has anyone had this experience . What monthly repayments can be expected on a loan of 1.2 million bht
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Old 17-04-2017, 02:57 PM   #2 (permalink)
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http://www.ddproperty.com/en/mortgage_calc_monthly
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Old 17-04-2017, 03:00 PM   #3 (permalink)
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It depends on the interest rate, the term of the loan, and how big your downpayment is. You've given us none of those things, therefore no one can answer your question.
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Old 18-04-2017, 10:13 AM   #4 (permalink)
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I was under the impression that loans for foreigners are only through approved finance-linked new build moo-baan or condo developments. As the loan is through the property company and not the bank, they charge whatever they like.

Unlike many countries, Thai banks will usually not offer loans against land for property development. I approached a bank for a 1 million baht loan and they said that they would do this, but only if I deposited 1 million and they would then pay in instalments!

If your partner is Thai however, and they have land in their name, they can get a loan against the land through a government farming bank, the interest is low, but so is the total amount they will allow as a loan. 10 Rai of arable land might get you 500K, and the repayments should be around 8K a month, but payable at the end of every year.
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Old 18-04-2017, 10:44 AM   #5 (permalink)
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I got a mortgage from KrungThai bank for 1.9 million.

The first few years were 11,900 baht a month for 22 years.

Note, they normally only give the time until your 65.

So, you should expect to pay about 7,500 a month to start.
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Old 18-04-2017, 05:00 PM   #6 (permalink)
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We pay THB 28,900 monthly for a 2,500,000 loan (10 years, Government Saving Bank).
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Old 18-04-2017, 06:04 PM   #7 (permalink)
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We pay 13000 THB monthly on a 2,000,000 loan, but ours was over 25 years with Kasikorn. They were the only bank interested in loaning to a a farang at the time.
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Old 18-04-2017, 11:17 PM   #8 (permalink)
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Quote:
Originally Posted by juehoe View Post
We pay THB 28,900 monthly for a 2,500,000 loan (10 years, Government Saving Bank).
7% sounds a little high.
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Old 19-04-2017, 01:38 PM   #9 (permalink)
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govenment (pink) bank is about 7% depending on credit rating, pay once per year and can see the balance go down each year, then % is on the remaining amount, best bank on the high street if you can get in with them.
most other high street banks would start at around 10%... depending.... wife has found that most like a 5/7 year term. look to have an income coming into bank for a while and also a good deposit (all helps) if you get the ok expect them to take 2% straight off the top for "paper work" ect.. plus insurance.. land survey, land transfer. think the wife payed about baht20,000 ish for a survey on 30 plus rai some time ago. say you get the loan from say scb on a fixed interest the payment will be the same from day one till final day, ie interest charge on the total amount borrowed, never reduced.... oh and dont expect it to happen quick, can and does take ages...
if you can just pay in cash yourself or borrow in your own country.. the banks here are a law unto themselves from what i have seen....
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Old 19-04-2017, 01:48 PM   #10 (permalink)
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wife has a house improvement loan for 1.1million baht term 7 year, just under 18,000baht per month plus house insurance and all the other bits mentioned above. (take 2% off the 1.1 for "paper work") high street bank, just under 10% fixed term...
money in bank not sure at time as she a SME loan/ account that has been active for years... the only plus i find with debt to the bank is its helps to reduce the tax bill....
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