Blacklisted from the credit bureau and want to get a house loan
Last updated: 6 Aug 2025
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For those who know they're blacklisted, don't worry. There are ways to unblock the credit bureau and improve your credit.
Plan your debt repayment to restore your status.
If you still have some liquidity and can allocate some money to repay monthly installments, we recommend collecting all outstanding debts and prioritizing them based on interest rates. Higher interest rates are the most important factors to consider.
Try to pay off all old debts to restore your status. Then, rebuild your credit in the credit bureau report. We recommend waiting 6-12 months before resuming the paperwork and applying for a new loan.
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Negotiate with your financial institution to restructure your debt.
If you have high expenses and cannot afford to continue paying, we recommend negotiating with your bank to restructure your debt. This can involve lowering your interest rate or extending your repayment period. Banks are often supportive and can help you find a solution to your debt repayment.
This approach will help you pay off your debt more easily. Furthermore, once we have this opportunity, we should make sure to pay on time and never forget to pay. This will help rebuild good credit and reassure the bank of our creditworthiness.
Once we're off the blacklist, don't forget to adjust your spending habits. Reduce unnecessary installment purchases. Check to see if you're currently overwhelmed by debt. Also, start saving for the future. Most importantly, save before spending every month to build a lump sum.
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Can I get a home loan if I'm on the blacklist?
This is another question many people ask frequently. The answer is that those on the blacklist are advised to apply for a joint home loan with family, spouse, or partner, including those in the LGBTQ community. Co-borrowers must have good credit, a good repayment history, and consistent, on-time payments. Having stable finances increases the chances of getting a home loan approved. If there's no co-borrower, it's recommended to plan your debt payments to restore your status first.
___________________________________________
While we're working to resolve the issue of being on the blacklist, another thing we absolutely must not forget is saving for a down payment on a home. and other expenses such as mortgage registration fees, stamp duty, and land appraisal fees. Most banks offer a maximum loan amount of 90% of the appraised value. Therefore, we should set aside at least 10-20% of the home's value to finance the home purchase.
Furthermore, many people may be concerned about not being able to afford the mortgage payments, as the home's value is in the millions and the loan is long-term (the repayment period depends on the borrower's age). However, if we carefully plan our home loan and monthly payments, the dream of buying a new home is within reach. We should also choose a home that's priced in line with our income, ensuring that our repayment capacity is aligned with our financial ability. Generally, total debt should not exceed 50-55% of our monthly income.
For those who aren't good at math, Krungsri Bank offers a calculator tool to help you calculate your monthly repayment capacity. Simply enter your loan amount, interest rate, and loan term, and you'll instantly know your monthly repayment amount.
___________________________________________
Source: Krungsri
Plan your debt repayment to restore your status.
If you still have some liquidity and can allocate some money to repay monthly installments, we recommend collecting all outstanding debts and prioritizing them based on interest rates. Higher interest rates are the most important factors to consider.
Try to pay off all old debts to restore your status. Then, rebuild your credit in the credit bureau report. We recommend waiting 6-12 months before resuming the paperwork and applying for a new loan.
___________________________________________
Negotiate with your financial institution to restructure your debt.
If you have high expenses and cannot afford to continue paying, we recommend negotiating with your bank to restructure your debt. This can involve lowering your interest rate or extending your repayment period. Banks are often supportive and can help you find a solution to your debt repayment.
This approach will help you pay off your debt more easily. Furthermore, once we have this opportunity, we should make sure to pay on time and never forget to pay. This will help rebuild good credit and reassure the bank of our creditworthiness.
Once we're off the blacklist, don't forget to adjust your spending habits. Reduce unnecessary installment purchases. Check to see if you're currently overwhelmed by debt. Also, start saving for the future. Most importantly, save before spending every month to build a lump sum.
___________________________________________
Can I get a home loan if I'm on the blacklist?
This is another question many people ask frequently. The answer is that those on the blacklist are advised to apply for a joint home loan with family, spouse, or partner, including those in the LGBTQ community. Co-borrowers must have good credit, a good repayment history, and consistent, on-time payments. Having stable finances increases the chances of getting a home loan approved. If there's no co-borrower, it's recommended to plan your debt payments to restore your status first.
___________________________________________
While we're working to resolve the issue of being on the blacklist, another thing we absolutely must not forget is saving for a down payment on a home. and other expenses such as mortgage registration fees, stamp duty, and land appraisal fees. Most banks offer a maximum loan amount of 90% of the appraised value. Therefore, we should set aside at least 10-20% of the home's value to finance the home purchase.
Furthermore, many people may be concerned about not being able to afford the mortgage payments, as the home's value is in the millions and the loan is long-term (the repayment period depends on the borrower's age). However, if we carefully plan our home loan and monthly payments, the dream of buying a new home is within reach. We should also choose a home that's priced in line with our income, ensuring that our repayment capacity is aligned with our financial ability. Generally, total debt should not exceed 50-55% of our monthly income.
For those who aren't good at math, Krungsri Bank offers a calculator tool to help you calculate your monthly repayment capacity. Simply enter your loan amount, interest rate, and loan term, and you'll instantly know your monthly repayment amount.
___________________________________________
Source: Krungsri
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