Instruction for Mortgage

Pruksa Real Estate Public Company Limited facilitates costumers in applying for a loan from a bank, covering Baan Pruksa, Pruksa Village, Pruksa Ville and every Passorn project. The company will be a medium between you and a bank that you want to apply for the loan such as Siam Commercial Bank, Bangkok Bank, Government Housing Bank, etc.
We prepare documents that are required for applying for the loan. Also, you can ask for advice about the loan at the head office every working day.

For costumers who want us to apply for a loan, please prepare the documents for applying for a loan and transferring property as follows :

1.	Copies of ID card and household registration of the borrower (all/every page)	7 copies	4 copies
2.	Copies of ID card and household registration of the spouse (if any)	7 copies	4 copies
3.	Copies of marriage certificate or divorce certificate (if any) or death certificate of the spouse	7 copies	4 copies
4.	Copies of changed name/surname certificate (if any)	7 copies	4 copies
5.	A letter of earnings from an employer and last month salary slips	7 copies	4 copies
6.	Copies of business registration certificate (for business owners) And photos of business and bank account activity over the past six months	7 copies	4 copies
7.	Copies of bank account activity (over the past six months) or every current page of every bank account.	7 copies	4 copies
8.	Copies of l buy-sell agreement and every receipt of down payment	7 copies	4 copies
9.	Copies of tax ID card	7 copies	4 copies

1. Prepare all documents as stated in the letter sent from the company. The loan staff will be available at the head office, Laksi Plaza on 9th floor from 8.30-17.30 every day (Mon-Sun).

2. Every applicant and co-applicant has to be present to apply for a loan because you have to fill in the loan application forms of the bank and sign the forms.

3. Loan condition depends on each bank rule and regulation. Each bank has different condition.

In general, a commercial bank will offer a maximum amount of a loan for Passon customers, about 90-95% of the house price. The bank uses the method to calculate repaying capability per month according to earning type of applicants as follows;

1. Monthly salary income. The bank considers from a net income deducting personal expense, family expense, debt repaying appearing in a credit bureau and debt guarantee x 40% = repaying capability per month. For example, net income per month = 30,000 baht deducting other expenses = 20,000 baht, repaying capability per month 20,000 x 40% = 8,000 baht. The bank will consider how much you can borrow.

2. Freelance income. If you do not have a clear income statement or regular income for 3 months in a row, it is quite difficult to apply for a loan. The bank will consider the company security and employment period and income slip such as an insurance salesman that most income comes from commission. The repaying capacity will be calculated by the net income of the past 6-12 months (from the applying date) x 30-40% (the bank calculate only 30-40% of freelance income) deducting monthly family expense, other debt repaying appearing in a credit bureau (look at credit bureau checking section) and/or debt guarantee x 40%= repaying capability. For example, an applicant is an insurance salesman and has an average income of 6-12 past month of 50,000 baht x 30-40%= income that the bank uses to calculate =15,000-20,000 deducting other expenses = 12,000 baht. , repaying capability per month 12,000 x 40%=4,800 baht. The bank will consider how much you can borrow.

3. Private business income. Calculate from sales x 10-30% of profit (depending on business type) deducting personal and family expenses, debt repaying appearing in a credit bureau, and debt guarantee x 40% = repaying capability. For example, monthly sales is 500,000 baht x 20% = 100,000 baht deducting other expenses = 80,000 baht. , repaying capability per month 80,000x40%=32,000 baht. The bank will consider how much you can borrow.

The bank considers from a net income deducting personal and family expenses, other debt repaying appearing in a credit bureau, and debt guarantee as follows;

1. General applicants. Borrow amount = 25-35 x net income (depending on the bank consideration). Borrow amount will not exceed 90% of the house price (for every Passorn projects) depending on the agreement between the organization and GHB in the borrow amount of 90% or 100% (the applicants have to ask their employer) and ask for the right approval letter from their employer.

2. Applicants that the employer organization has an agreement with GHB. Borrow amount = 50 x net income (depending on the bank consideration). Borrow amount will not exceed 90% of the house price (for every Passorn projects) depending on the agreement between the organization and GHB in the borrow amount of 90% or 100% (the applicants has to ask their employer) and ask for the right approval letter from their employer.

3. Costumers who want to use the welfare from their organization directly can ask for documents for loan applying from a loan department:

   • Copy of land title deed

   • Copy of house number certificate

   • Order of asking pricing

   • Construction blueprints (project plan include house number)

   • Other house plan and other document if required

Every bank will check credit bureau information of customers before approve the borrow amount. They will check about borrow history or non-performing loan as follows:

• Outstanding debt such as water bill, electricity bill, phone bill

• Repaying debt such as car repaying, house repaying

• History of civil charge, bankruptcy, debt guarantee, or other forced debt repaying

• Applicants should not have other Housing Loans debt (own loan or co-loan). If there is other debt, the bank will use monthly repaying amount to deduct from the income. Therefore, the income will be less, and the bank may not approve the loan or reduce the borrowing amount.

• Never have outstanding debt such as water bill, electricity bill, phone bill or guarantee debt.

• Never have history of civil charge or bankruptcy.

• If there is a marriage certificate, the spouse has to sign the agreement at the bank without an exception such as separation or disappearing, unless divorce and the divorce certificate must be shown.

• Be able to show copies of bank account (saving account) or other saving in other account over the past six months from the applying day. There should be a certain amount of money left in the account that shows the potentiality of repaying debt.

• Applicants should pay down payment on time because the bank will check the down payment repaying in order to consider the loan.