A 15,000 baht salary means you definitely can't get a home loan! True or just a rumor?

A 15,000 baht salary means you definitely can't get a home loan! True or just a rumor?

"With a 15,000 baht salary, don't even dream of getting a home loan!"
This statement discourages many people before they even start looking for a home...
But the question is: How "true" is it? And if you want a home, what should you do?

Today, Proview will take you on a deep dive into whether a 15,000 baht salary
gives you a chance to get a home loan. If not, what can you do to get approved!

1) Understand first: Banks don't just look at your "salary"

What banks look at when considering loan approval is your "Debt to Income" (DTI).
The golden rule is:

Total debt payments must not exceed 40% of your income.

This means that:

• If you have a salary of 15,000 baht

• Your total debt payments must not exceed 6,000 baht/month.

If you have no other debts at all, the bank might approve the loan.
But if you have even a small amount of credit card debt / phone installment / motorcycle installment,
you will almost certainly be denied the loan.

2) With a 15,000 baht salary, how much can you borrow?

Let's look at a rough calculation:

• Monthly home payment of 6,000 baht (the maximum allowed by the bank)

• Assuming an interest rate of 3.5% and a repayment period of 30 years

You would be able to borrow approximately 750,000 - 850,000 baht.

Is that enough to buy a house? The answer is "very difficult."
Because even a townhouse in a provincial area exceeds one million baht these days.

3) So, how can you get approved?

1. Find a co-borrower (family member/partner/spouse). Combining incomes will instantly increase your loan amount.
For example, if you have 15,000 and your partner has 20,000, totaling 35,000 → your loan amount will significantly increase.

2. Increase your income to an appropriate level. If you intend to buy a 1.5 million baht house, you should have a monthly income of approximately 25,000 – 30,000 baht or more.

3. Clear old debts first. If you have credit card or personal loan obligations,
you must pay them all off first, as they will severely block your chances of getting a home loan!

4. Start building a good credit history. Use credit cards and pay on time, make small installment payments without defaulting.
This will pave the way for future loans.

Conclusion: It's not that a 15,000 baht salary can't get a loan, but it's "very difficult!"

Because the loan amount the bank will approve is not enough for homes in the current market.
However, if you have a plan, discipline, and are well-prepared... there's still a chance.

Want to know how much you can borrow for a home with your salary? Or plan to be ready to borrow in the future?
Consult for free with Proview now.

Contact us today! 📞 LINE: @proviewliving | Tel: 095-659-2656