ICBC Bank

ICBC(Thai) Foreigner Housing Loan2016

Loan Currency	SGD
Eligible Customer	Non-resident customers 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
Property Type	Condominium which is completed and located in Bangkok abd its vicinity, Pattaya, Phuket, chiangmai and Hua-Hin.
Interest Rate	1st year: 5.25% 2nd year: 5.75% 3rd year and onwards: SIBOR+6.0%
Loan Tenor	3-10 years, allowing for prepayment after 3 years with penalty.
Loan Quantum	Normally 50% purchase price or valuation price (whichever is lower), minimum amount is 1 million baht.

Passport	Verified Copy
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

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.

Please feel free to contact us and we would be in touch with you at the earliest.