China people buy a house in Thailand, how to apply for a loan?

China people buy a house in Thailand, and the information they need to apply for a loan is as follows, taking Bank of China Bangkok as an example.

At present, in Thailand, only two banks provide housing loan services to foreigners, namely, Industrial and Commercial Bank of China Thailand Branch and Bank of China Bangkok Branch.

1. Loan eligibility: customers in Chinese mainland, Hongkong, Macau and Taiwan Province with the age of 2 1-65 can apply.

Two. List of required materials:

(1) loan application form;

(2) a copy of the passport;

(3) Work permit (if any);

(4) Self-employed individuals are required to provide company registration documents and a copy of the company's register of shareholders;

(5) proof of income;

(6) Purchase information: house reservation agreement or purchase and sale agreement, and down payment certificate;

(7) Personal credit report;

(8) Other information deemed necessary by the bank.

Third, exclusive to China customers:

(1) The longest loan period is 20 years;

(2) The interest rate and handling fee are better than those of peers, and the loan currency is diversified;

(3) The maximum loan amount can reach 20 million baht (about 4 million RMB). As the first Chinese bank to enter Thailand, Bank of China has been operating in Thailand for 20 years, and has a good cooperative relationship with many reputable local real estate companies.

(4) The total house price exceeds 4 million baht.

Fourth, how to repay:

Customers can open a current account with Bank of China (Thailand) to repay the loan, and they can choose S $,Thai baht and US dollars. Renminbi, any currency. Bank of China will convert and withhold the corresponding amount at the exchange rate on the deduction date every month, and repay the loan after converting it into the loan currency.

Extended data:

1. The first-hand housing loan and sub-prime mortgage loan business of Bank of China is geared to the working class in Thailand, especially the middle-and high-income customers with increasing demand for housing.

2. Ms. Phonpimol Pathomsak, General Manager of Personal Credit Department of Bangkok Branch, added that the mortgage products of Bank of China provide customers with two choices: one is the mode of low interest rate at the beginning of the loan and then raising interest rate; The other is the step-by-step loan interest rate model, which has low interest rate and monthly payment, saving customers the trouble of refinancing in the future.

References:

Bank of China-Bank of China launched personal mortgage business.