Kai Faak lending is when you transfer ownership of land/ property from the existing owner (borrower) to the new lender (buyer) therefore, property transfer fees will be payable at the land office.
Below is a simple calculator to allow indicative calculations as to how much lending will cost and approximate transfer fees payable.
Taxes payable are calculated by how long the land/ property has been owned therefore, first a rough calculation of how many years in ownership shall be required. As the dates are usually in Thai on the paperwork, a Thai-Christian calender has also been provided for your convenience.
Up to 60% of the
Appraisal Value
Up to 3 Year Term
(1 Year Renewable)
No Monthly Installments
Global Mortgage Finance
(Thailand Property and Land Finance Specialists)
Now an idea of the costs involved for a Kai Faak are evident, if you wish to pursue further, the following items are needed in order to gain a preliminary approval and quotation.
1. Copies of Chanote (Front & Back)
2. Google Map Link to show Location of Land & Perimeter
3. Recent Photos - To show present condition.
E-Mail all 3 to enquiry@globalmortgagefinance.com for further quotation.
It is worth noting that the valuation company estimate is usually different to the final & official valuation.
A valuation company will need to be paid for their service and their assessment is usually lower than your expectation therefore is good to undervalue on the estimate calculation here.