1. Check your purchasing power before the bank rejects you!

Most banks will allow you to pay for a house at no more than 40% of your income. If your salary is 15,000 baht, you can pay a maximum of about 6,000 baht per month. But if you buy a 3-million-baht house with a 30-year repayment period and a 3% interest rate, the monthly installment will be approximately 11,400 baht 😱 That's far beyond your purchasing power!

2. How to get loan approval?

• Increase your down payment: The more you put down, the less you have to borrow, making repayments easier and increasing your chances of loan approval 😉
• Earn extra income: Having income from other channels, such as selling online or freelancing, can also increase your chances of getting a loan 💪
• Co-borrow: Ask your partner or parents to co-borrow with you. A higher combined income increases the chances of loan approval 👫
• Reduce debt: Clear all existing debts, such as credit card debt or personal loans. The bank will see that you have financial discipline 👍

3. Prepare your money before signing the contract!

Don't forget to prepare money for various expenses, such as down payment, transfer fees, mortgage registration fees, etc. Preparing about 10-15% of the house price will give you peace of mind 😉

4. Plan well, and owning a home won't be difficult!

• Set a goal to save for a down payment: The more you put down, the easier the repayments 😉
• Choose a suitable house price: You might start with a lower-priced house and then upgrade as your income increases 😊
• Consult an expert: Seek advice from a bank or financial expert to plan correctly 👨‍💼

5. There are other options too!

• Second-hand homes: Cheaper than new homes, and you can negotiate the price 😉
• Housing projects for low-income earners: Some banks offer special loans with low interest and affordable installments 😊
• Start with a condo: Not too expensive, suitable for those just starting their careers 🏢