In recent years, Thailand has become a "holy land" for China's overseas real estate investment. China people want to buy a house in Thailand, how to apply for a loan? According to Thai law, foreigners must purchase foreign currency cash receipts or bank certificates from overseas before purchasing real estate in Thailand.
Secondly, the payee must be the buyer's own name. Therefore, this law prevents China people from obtaining personal housing loans from local banks in Thailand. In order to better serve China customers and meet China people's investment needs in Thailand, China Industrial and Commercial Bank of China Thailand Limited (hereinafter referred to as "ICBC Thailand") recently boldly innovated and launched an international mortgage loan for foreigners, making it possible for China people to buy apartments in Thailand with a loan.
According to the person in charge of the retail business department of Bank of Thailand, the bank made use of ICBC's global network and powerful business platform to provide loan funds to other overseas branches in China through close cooperation with other overseas institutions. ICBC Thailand provides loan guarantee and issues personal housing loans, which not only meets the requirements of local laws in Thailand, but also facilitates customers to handle loan and house purchase procedures. The loan amount can reach 70% of the purchase price or evaluation value of the apartment (whichever is smaller). The total loan amount shall not exceed 654.38 yuan+500,000 yuan. The loan term can be as long as 10 year. The loan interest rate must be fixed for one year. Take the current Singapore dollar loan as an example. The loan interest rate is only 5.25% in the first year and 5.75% in the second year. After the third year, the loan interest rate is 6.25%. Customers can use RMB, US dollars, Thai baht and other currencies to repay monthly. Industrial Yintai Congress will convert it into Singapore dollars according to customers' requirements to help customers repay their loans.
When asked about the borrower's conditions, the official said that China people working in Thailand and China people working in China can apply for an international mortgage loan for foreigners if they need to invest or buy a house, regardless of whether they have a work permit in Thailand, as long as they meet the loan conditions. When applying for a loan, you only need to provide documents related to the sale of the apartment and personal identification (such as passport, marital status, etc.). ) and proof of income (such as payroll, bank passbook, etc.). ).) and personal credit reports and other related information. You can apply for a loan.
It is understood that the Industrial and Commercial Bank of Thailand has launched international mortgage loans for foreign investors in Thailand, which has also aroused great interest and enthusiasm of Thai real estate developers.
Buying a house abroad is different from that in China, and it faces many risks. The head of the retail banking department of China Industrial and Commercial Bank of China (Thailand) also reminded buyers that they must conduct self-risk assessment before buying a house. They must first do their homework and understand the policies and processes of buying houses in Thailand. Political factors, legal taxes, exchange rate fluctuations, information asymmetry and other risk factors, to avoid risks and avoid investment losses.
China Industrial and Commercial Bank is a local commercial bank successfully acquired by China Industrial and Commercial Bank in Thailand on 20 10. It has a comprehensive commercial bank license and independent legal personality. ICBC holds 97.7%. ICBC Thailand has 20 branches in Thailand, Bangkok, Chiang Mai and Phuket to provide customers with comprehensive financial services, including corporate, personal and leasing services.