Thai Mortgage While Abroad?
My partner and I live in Australia and are thinking of buying property in Thailand in the near future. Loan of ~1.5 million baht over 15 years.
She’s a Thai national… can standard Thai banks offer her a mortgage based on her Australian income, or is it a more complex process with extra steps or broker involved?
Any experiences?
TLDR : Answer Summary
A Thai national living in Australia is considering purchasing property in Thailand and is curious if Thai banks can offer a mortgage based on her Australian income. Experiences shared in the comments suggest that while some banks like the Government Housing Bank and Bangkok Bank may offer loans to Thai citizens abroad, the process often involves additional steps, such as providing salary statements and using an agency to facilitate the loan application. It's also noted that smaller banks might be easier to deal with, while caution is advised against larger banks like BBL. Additionally, potential challenges related to loan approvals for foreign income are discussed, with some suggesting alternative financing options.