Studying in Thailand offers a unique educational experience, but it also comes with a financial commitment.
For international students, securing a student loan can be a viable solution to cover tuition fees, living expenses, and other related costs.
This article explores the 7 best student loan options for international students in Thailand, detailing key loan providers, loan amounts, interest rates, terms, and eligibility requirements.
Best Student Loan for International Students in Thailand
| Loan Provider | Loan Amount | Co-signer Requirement | Interest Rates | Loan Terms | Eligibility Requirements |
|---|---|---|---|---|---|
| Bangkok Bank | Up to THB 500,000 | Yes | 5.5% – 6.5% | 5 – 10 years | International students with a valid student visa |
| Kasikorn Bank | Up to THB 300,000 | Yes | 5.75% – 7.0% | 5 – 10 years | International students with proof of admission to a Thai university |
| Siam Commercial Bank | Up to THB 400,000 | Yes | 5.8% – 7.2% | 5 – 10 years | Full-time international students with a valid student visa |
| Krungthai Bank | Up to THB 400,000 | Yes | 6.0% – 7.5% | 5 – 10 years | Students enrolled in Thai universities with a valid visa |
| TMB Bank | Up to THB 250,000 | Yes | 5.2% – 6.8% | 5 – 10 years | International students with a valid student visa |
| College Ave Student Loans | Up to $100,000 | No | 5.5% – 9% | 10 – 15 years | International students enrolled in U.S.-based institutions |
| United Overseas Bank (UOB) | Up to THB 500,000 | Yes | 5.2% – 7.0% | 5 – 10 years | Full-time students with a valid student pass |
1. Bangkok Bank
- Loan Amount: Up to THB 500,000
- Interest Rates: 5.5% – 6.5%
- Loan Terms: 5 – 10 years
Bangkok Bank offers loans of up to THB 500,000 for international students.
The interest rate is between 5.5% and 6.5%, with flexible loan terms ranging from 5 to 10 years.
To qualify, you need a co-signer and proof of enrollment at a Thai university with a valid student visa.
2. Kasikorn Bank
- Loan Amount: Up to THB 300,000
- Interest Rates: 5.75% – 7.0%
- Loan Terms: 5 – 10 years
Kasikorn Bank provides education loans for international students up to THB 300,000 with interest rates from 5.75% to 7.0%.
The loan term ranges from 5 to 10 years. A co-signer is required, and students must have proof of admission to a recognized Thai university.
3. Siam Commercial Bank
- Loan Amount: Up to THB 400,000
- Interest Rates: 5.8% – 7.2%
- Loan Terms: 5 – 10 years
Siam Commercial Bank offers loans for international students with a limit of THB 400,000.
The interest rates range from 5.8% to 7.2%, and loan terms range from 5 to 10 years.
A co-signer is required, and the student must be enrolled as a full-time student in Thailand.
4. Krungthai Bank
- Loan Amount: Up to THB 400,000
- Interest Rates: 6.0% – 7.5%
- Loan Terms: 5 – 10 years
Krungthai Bank provides education loans for international students with a limit of THB 400,000.
The interest rates are between 6.0% and 7.5%, and the loan term is flexible, ranging from 5 to 10 years.
A co-signer is required, and students must be enrolled in a recognized Thai university.
5. TMB Bank
- Loan Amount: Up to THB 250,000
- Interest Rates: 5.2% – 6.8%
- Loan Terms: 5 – 10 years
TMB Bank offers loans for international students with amounts up to THB 250,000.
Interest rates range from 5.2% to 6.8%, and loan terms range from 5 to 10 years.
A co-signer is required, and international students must hold a valid student visa.
6. College Ave Student Loans
- Loan Amount: Up to $100,000
- Interest Rates: 5.5% – 9%
- Loan Terms: 10 – 15 years
College Ave Student Loans offers student loans for international students studying in U.S.-based institutions.
Loan amounts up to $100,000 are available, with interest rates ranging from 5.5% to 9%.
Loan terms range from 10 to 15 years, and the loan does not require a co-signer, making it a great option for international students studying in the U.S.
7. United Overseas Bank (UOB)
- Loan Amount: Up to THB 500,000
- Interest Rates: 5.2% – 7.0%
- Loan Terms: 5 – 10 years
UOB offers education loans up to THB 500,000 for international students.
The interest rates range from 5.2% to 7.0%, and loan terms range from 5 to 10 years.
A co-signer is required, and students must have a valid student pass to be eligible for this loan.
Quick One: We have other useful loan articles here.
Frequently Asked Questions
Can international students in Thailand apply for student loans?
Yes, international students studying in Thailand can apply for student loans, provided they meet the eligibility criteria, such as having a valid student visa and being enrolled in a full-time program.
Are co-signers required for international students applying for loans in Thailand?
In most cases, international students are required to have a co-signer, typically a Thai national or a permanent resident. The co-signer’s role is to guarantee the loan in case of default.
What is the interest rate range for student loans in Thailand?
Interest rates for student loans in Thailand typically range from 5.2% to 7.5%. The rates vary depending on the bank and the loan amount, with some banks offering lower rates for smaller loan amounts.
Conclusion
Securing a student loan is an essential step for international students looking to study in Thailand.
With multiple options available from banks like Bangkok Bank, Kasikorn Bank, and Siam Commercial Bank, international students can find suitable loans to cover their tuition fees and living expenses.
It’s important to compare the loan amounts, interest rates, and terms before applying.
Additionally, College Ave Student Loans offers a unique solution for international students studying in the U.S., providing flexibility without requiring a co-signer.
Be sure to review each provider’s eligibility requirements and loan terms to make an informed decision about your financial future in Thailand.
