For Thais working and living abroad, owning a home in Thailand is a significant life goal. However, a concern that prevents many from starting is the issue of “co-borrowers.” Many believe that a Thai person with a stable income must always be required as a guarantor or co-borrower. The truth is, the GHB’s Overseas Loan Program for Thais allows you to borrow alone. Let’s see how it’s actually possible.
❌ Myth: Living abroad requires a co-borrower in Thailand, and they must have a very high income.
Many people still believe that Thais living abroad must always find a Thai person with a stable income to be a co-borrower or guarantor to borrow for a house in Thailand, and that the borrower themselves must have an exceptionally high income. This makes owning a home seem like a distant and complicated matter.
✅ Fact: Overseas Loan Program for Thais You can apply for a loan alone without a co-borrower. You can use your income from overseas.
The reassuring truth is that you can apply for a loan alone without needing a co-borrower because the Government Housing Bank’s (GHB) Overseas Loan Program is designed to consider your income directly from overseas.
3 key advantages that make applying for a home loan alone easy:
1.You can use your overseas income to apply directly.
The bank primarily considers the stability of your income and occupation overseas, allowing you to apply for the loan yourself. No need to depend on other people’s income
2.No need for a co-borrower or guarantor in Thailand
Eliminate worries about burdening family or acquaintances to share the burden. You can plan your finances and own a home independently.
3.Expert staff will handle every step
From preparing overseas income documents and initial loan assessment to coordinating with banks, staff who understand the specific conditions of loans for Thais living abroad will provide close guidance, ensuring a smooth process even from afar.
If you are planning to own a home in Thailand, don’t fall for misconceptions. The issue of having a co-borrower is an obstacle.
📌 Summary
In short, getting a home loan in Thailand without a co-borrower is possible. Simply use your income from abroad and apply through the Loan for Thais Abroad program from GHB (Government Housing Bank). With expert representatives to oversee and coordinate every step, your dream of owning a home in Thailand through your own hard work can become a smooth reality.
Sun Gateway, the official representative of the Government Housing Bank (GHB) for the Loan for Thais Abroad program
Supporting Thais abroad for over 20 years, covering more than 120+ countries worldwide.
