ICBC(Thai) Foreigner Housing Loan
Age between 21 – 65 years and not exceeding 65 years at the end of the loan tenor
With stable income and good credit
No requirement for work permit
Condominium which is completed and located in Bangkok abd its vicinity, Pattaya,
Phuket, chiangmai and Hua-Hin.
1st year: 5.25%
2nd year: 5.75%
3rd year and onwards: SIBOR+6.0%
3-10 years, allowing for prepayment after 3 years with penalty.
Normally 50% purchase price or valuation price (whichever is lower), minimum
amount is 1 million baht.
|ID (issued by host country)||Verified Copy|
|Work permit (if work in Thailand)||Verified Copy|
|Marriage certificate and spouse passport/ID/ (if have)||Verified Copy|
|Work certificate (issued by employer confirming years of service, position, salary)||Original(Eng.)|
|Salary slip (latest 6 months)||Original|
|Salary account bank statement (latest 12 months)||Original or Verified copy|
|Purchase Agreement||Verified Copy|
|Credit report (issued by organization like national credit bureau in host country)||Original|
|*For documents not in Chinese or English, please provide English translation accordingly|
With Most Convenience
- Apply ICBC (Thai) account with passport after the loan approved.
One card one passbook with two currencies (THB and CNY)
When you use ICBC (Thai) account as beneficiary account receiving money transferred from abroad, ICBC
(Thai) issues certificate proving the fund comes from overseas.
The account can also be used as loan repayment account.
- Drawdown about two months after the application (complete documents submitted)
- Repayment. Deposit or remit in adequate amount in your ICBC (Thai)THB account, the bank will
Automatically deduct the money and convert to SGD on the loan repayment date.
Monthly Installment and Fees
*Take Loan amount THB 5,000,000, loan tenor 10 years as an example.
|Interest and Principle||53646|
Fees for yearly
|Process Agent Fee||1St year 5000
From 2nd year 3500
Fees for onetime-off
|Collateral Appraisal Fee||Maximum 3210(VAT Inchuded)|
|SBLC Duty Stamp||30|
|Inward Remittance Commission||500|
|Mortgage registration Fee
(1%of mortgage Amount)
|Mortgage Service Fee||1000|
|Credit Bureau Fee||30|
(except Cancelation Fee)