As a foreigner can i get finance to buy condo or villas in Thailand
Questions pertaining to financing options in Thailand are common as foreign nationals are often used to having access to such funding in their home countries. Generally speaking Thailand is a cash market where 100% of the funds are required at the time the property is transferred to new ownership. However financing is available to buyers looking to purchase condominiums falling under Freehold ownership only. Both domestic and international banks will lend up to 80% of the valuation price of the property with a repayment period of 3 to 20 years. (This may vary depending on the financing institution – UOB Singapore/MBK Bangkok).
On a case by case basis, obtaining financing through a property developer may be an option. In this example, the buyer would put down a percentage of the purchase price (30-50%) and pay the developer monthly installments with interest once past the completion date.