Finance for Foreigner for Buying Property in Thailand

So, this is the most often question we get from our client – that’s why we decided to create a special report for you to make it very clear and simple.

All foreigners, who want to apply for finance we can split into 2 main categories:

People with Thailand Residency – it can be a Long Term Visa, work permit and income source in Thailand. These people have a Thai Tax ID.

Foreigners who love Thailand and come here for holidays, maybe for a few months and they don’t have any income sources in Thailand and don’t pay any taxes in Thailand.

1.Bank mortgage.

People with permanent residency can try to apply for a Bank mortgage in Thailand. Theoretically, there is an option for people who have a decent and stable income for 2 years before application. Also, the applicant should have a Work permit in Thailand which allows having a job. There are a few banks, who offer mortgage service for foreigners in Thailand

UOB Bank interest rate is 5,5 – 7%

ICBC Bank interest rate 5,5 – 6,5%

Not possible.

2. Financial institution.

There is one big company in Thailand, which provides a very special service to provide a mortgage service for foreigners. The company name is MBK Guarantee. 

Almost anyone can apply for a mortgage with the following terms:

50% Down Payment

Only Foreign freehold condominium

Prove of income for last 2 years

The interest rate is 8,5 – 9,5% 

3. Buying property with a special installment from IBG Property. 

And now, option, which helped thousands of people to get their property in Thailand without paying the full cost of the property. 

How does it work?

Certain properties in Thailand we can offer with the special finance service, for up to 5 years after move-in date. To apply for this service you don’t need to be a resident of Thailand or have an income here. You can apply even without coming to Thailand.

Real Estate in Thailand https://ibgproperty.com

Real Estate in Phuket https://ibgproperty.com