Available Financing Options
Cash Purchase
The most straightforward option for foreign buyers, as Thailand is primarily a cash market for international investors. This approach offers the simplest path to property ownership without additional financial complications.
Construction Payment Plans
- Available for off-plan properties
- Initial contract payment: 20-30%
- Installment payments tied to construction progress
- Final balloon payment upon completion
- Duration typically 2-3 years
Bank Financing
UOB Bank Requirements
- Property value minimum: 2 million THB
- Maximum loan-to-value: 70%
- Loan tenure: 3-30 years
- Interest rates: 3M Compound SORA + 2.80% to 3.90%
- Available in Singapore Dollars
Eligibility Criteria
- Age requirement: 21-65 years
- Minimum annual income: 100,000 SGD
- Property must be freehold condominium
- Minimum property value: 3 million THB
- Location restricted to Bangkok and select areas
Developer Financing
Terms and Conditions
- Maximum financing: 50% of property price
- Fixed interest rates: 4-8%
- Available for both freehold and leasehold condominiums
- Maximum term: 15 years for non-residents
- Ownership transfer occurs after full payment
Local Lending Companies
Alternative Financing
- Less strict requirements than banks
- No work permit or residency needed
- Higher interest rates: 8.75-9.07%
- More flexible terms for overseas income sources
Legal Requirements
Mortgage Contract Must
- Be in writing
- Be registered with relevant officials
- Specify the mortgaged property
- Confirm amount in Thai baht
- Meet requirements of Thai Commercial and Civil Code
The financing landscape in Thailand offers various options for foreign buyers, though conditions are generally more stringent than in many other countries. Working with qualified financial and legal advisors is essential for navigating the complex requirements and restrictions.
