{"id":57520,"date":"2021-07-13T07:41:36","date_gmt":"2021-07-13T07:41:36","guid":{"rendered":"https:\/\/ibgproperty.com\/blog\/2021\/07\/13\/tax-and-fee-for-buying-and-owning-property-in-thailand-2\/"},"modified":"2021-07-13T09:36:02","modified_gmt":"2021-07-13T09:36:02","slug":"finance-for-foreigner-for-buying-property-in-thailand","status":"publish","type":"post","link":"https:\/\/ibgproperty.com\/en\/blog\/2021\/07\/13\/finance-for-foreigner-for-buying-property-in-thailand\/","title":{"rendered":"Finance for Foreigner for Buying Property in Thailand"},"content":{"rendered":"\t\t
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So, this is the most often question we get from our client – that\u2019s why we decided to create a special report for you to make it very clear and simple.<\/span><\/p>

All foreigners, who want to apply for finance we can split into 2 main categories:<\/span><\/p>


<\/b><\/p>

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.<\/span><\/p>


<\/b><\/p>

Foreigners who love Thailand and come here for holidays, maybe for a few months and they don\u2019t have any income sources in Thailand and don\u2019t pay any taxes in Thailand.<\/span><\/p>


<\/b><\/p>

1.Bank mortgage.<\/span><\/p>


<\/b><\/p>

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<\/span><\/p>


<\/b><\/p>

UOB Bank interest rate is 5,5 – 7%<\/span><\/p>

ICBC Bank interest rate 5,5 – 6,5%<\/span><\/p>


<\/b><\/p>

Not possible.<\/span><\/p>



<\/b><\/p>

2. Financial institution.<\/span><\/p>


<\/b><\/p>

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. <\/span><\/p>

Almost anyone can apply for a mortgage with the following terms:<\/span><\/p>



<\/b><\/p>

50% Down Payment<\/span><\/p>

Only Foreign freehold condominium<\/span><\/p>

Prove of income for last 2 years<\/span><\/p>

The interest rate is 8,5 – 9,5% <\/span><\/p>


<\/b><\/p>

3. Buying property with a special installment from IBG Property. <\/span><\/p>


<\/b><\/p>

And now, option, which helped thousands of people to get their property in Thailand without paying the full cost of the property. <\/span><\/p>

How does it work?<\/span><\/p>


<\/b><\/p>

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\u2019t need to be a resident of Thailand or have an income here. You can apply even without coming to Thailand.<\/span><\/p>


<\/b><\/p>

Real Estate in Thailand<\/span> <\/span>https:\/\/ibgproperty.com<\/span><\/a><\/p>

<\/p>

Real Estate in Phuket<\/span> <\/span>https:\/\/ibgproperty.com<\/span><\/a><\/p>


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So, this is the most often question we get from our client – that\u2019s 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 …<\/p>\n","protected":false},"author":1,"featured_media":44266,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_glsr_average":0,"_glsr_ranking":0,"_glsr_reviews":0,"footnotes":""},"categories":[196],"tags":[],"class_list":["post-57520","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-video"],"acf":[],"_links":{"self":[{"href":"https:\/\/ibgproperty.com\/en\/wp-json\/wp\/v2\/posts\/57520","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ibgproperty.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ibgproperty.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ibgproperty.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ibgproperty.com\/en\/wp-json\/wp\/v2\/comments?post=57520"}],"version-history":[{"count":5,"href":"https:\/\/ibgproperty.com\/en\/wp-json\/wp\/v2\/posts\/57520\/revisions"}],"predecessor-version":[{"id":57526,"href":"https:\/\/ibgproperty.com\/en\/wp-json\/wp\/v2\/posts\/57520\/revisions\/57526"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ibgproperty.com\/en\/wp-json\/wp\/v2\/media\/44266"}],"wp:attachment":[{"href":"https:\/\/ibgproperty.com\/en\/wp-json\/wp\/v2\/media?parent=57520"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ibgproperty.com\/en\/wp-json\/wp\/v2\/categories?post=57520"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ibgproperty.com\/en\/wp-json\/wp\/v2\/tags?post=57520"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}