How Can a Foreigner Finance a Home in Thailand

18 Mar

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Foreigners generally can not obtain a mortgage from neighborhood Thai banks to finance the obtain of their Thailand house investment. Most of the economic institutions in Thailand offer loans for real estate purchases to Thais and Thai Businesses.

In recent years Bangkok Bank (Singapore) has had a loan plan for foreigners with qualification becoming extremely similar to that in the west. You total an application, submit proof of earnings, tax returns and other documentation. With this system, purchasers can finance up to 70% of the obtain cost of the house. The issue with this program is that it has not been regularly offered, and as of this writing the program has been suspended.

In some resort places such as Pattaya, nearby banks have begun to design loan programs for foreigners who reside and work in Thailand. Kasikorn Bank, for instance, enables foreigners who possess a perform permit for 2 or more years to obtain mortgage financing for up to 50% of the worth of the subject house. This system was just launched early 2010.

With the present international monetary situation you are greatest to discover your possibilities directly with Kasikorn Bank, Bangkok Bank (Singapore) and other lending institutions to decide the current status of any loan applications which might be offered for foreigners.

If you can not get a Thailand mortgage to get your dream home in Thailand, don’t worry. A number of alternatives are accessible to you.

Developer Financing

Developer financing has grow to be far more common in Thailand over the past two years. Offers ranging from 2-year to 10-year financing are offered to buyers of new Thailand houses and condos. These financing offers are offered directly from the developers. As a outcome, the structure of every deal varies.

An example of such a plan is The Meadows, a housing project in Pattaya. The developer provides 50% 3-year financing at 8% per annum. Though the loan phrase for this and other applications is not as extended as traditional mortgages in the US and Europe, such programs are useful.

Be leery of offers for “free financing” or “% interest”. Naturally the buy value underneath these scenarios has been inflated to cover the cost of capital to the developer. It is finest to negotiate the finest feasible buy price then negotiate the financing deal separate from the price. Make confident you have a clear indication of the marketplace and industry rates before agreeing to a financing arrangement.

Seller Financing

Individual house owners have recently become a lot more open to extending financing to buyers of Thailand homes and condos as a means to stimulate interest in their resale house. Underneath such an arrangement, the purchaser and seller sign both a obtain and sale agreement and a promissory note.

If you are operating with a actual estate agent, let them know you demand financing. They will likely have some inventory of properties where sellers are extending payment terms. If you are negotiating straight with the seller, simply ask them if they are prepared to accept payment terms for a defined period and rate of interest.

As with developer financing, negotiate the obtain price separate from the terms and situations of the loan. Essential to note is the truth that the seller will continue to hold the title deed (Chanote) to the home until the loan repayment is created in complete. Make certain your attorney evaluations your deal and guarantees that all documents are updated and properly safeguarded to safeguard your investment.

Other Possibilities

There are normally two other alternatives offered to foreigners to finance their Thailand home or condo obtain. Historically, several foreign buyers had taken a mortgage against their property in their home nations. This is far more difficult than ever provided the financial crisis, yet nonetheless an alternative for some. Once more, verify with your local bank to determine what programs are obtainable to you.

In some situations, the Thai spouse of a foreign national could qualify for a mortgage. In such occasion, the sale and obtain agreement (and promissory note) would be executed by the Thai spouse. If the foreign national is funding a substantial portion of the price, the foreign national need to register a lengthy-term lease in his/her own name (with the Thai spouse as the “lessor” and the foreign national as the “lessee”). Consult with your attorney to minimize the tax implications of such an investment structure.

You could also use a lease structure to make your desired house inexpensive. Obtainable structures consist of lease with the option to acquire and long-phrase leases. Any lease for a phrase of a lot more than 3 years can be registered on the title deed at the land workplace, thereby creating a house right in addition to a contractual correct to occupy the home or condominium. Most local Thai lawyers can manage this transaction on your behalf for a little fee.

So never be concerned if you can’t obtain a Thailand mortgage for the acquire of your home. There are alternatives offered to you. Perform with a genuine estate specialist to aid discover the greatest home and financing structure for you.

69 Responses to “How Can a Foreigner Finance a Home in Thailand”

  1. Dino January 11, 2013 at 10:07 pm #

    right this really is proably a retarded question. but im a paranoid android.

    Im visiting Bangkok. I meet this awesome thai girl on the internet, we’ve been chating and texting for days. She knows i’ve Nothing, but we appear to possess hit them back. She’s meeting me in Bangkok after which following a couple of days we will Rayong here hometown. I intend to proceed to thaialnd to train following this holiday, she know this and it is apparently searching for a pleasant guy and that i might be him.

    Does anybody are conscious of any ripoffs, where my situation seem famliar?

    Like thai women chat up males online to encourage them to visit thailand to obtain them on the bus, where they stop of at remote place after which take advantage of there possport ect..I have no idea im paranoid.

    she appear really awesome and she or he is putting a lot of effort into this for many disadvantage that may not com off. I’ve even seen her mother on her behalf webcam and that i hear that which means thai girl enjoy you and also is seroius.

    i understand not al thailand is scummy + filled with ripoffs.just asking?

    she did seriously strong rapidly. I believe her and her friend were searching for wealthy westerners and she or he is extremely poor and it has sick family. how ever she know i’ve nothing and say she foretells me because ahe much like me, but had doubts in the beginning because her family want her to marry a wealthy guy nad im poor.

    she went of having a western who had been wealthy to sweden he assisted her, with money. she accept him for 3 several weeks then needed to go because there is no love. she say if she was following a wealthy guy she’d have remained with him, but she’s searching for love. She states she likes me but has doubts as she worrys about her family and cash

  2. Melina March 7, 2013 at 4:01 am #


    I will be traveling to Thailand soon. I wanted to give a small gift to a local guesthouse owner. I don’t know him very well, but he has been nice to me on my previous trips, so wanted to show a little token of appreciation.

    I am thinking of alcohol. He is European, and wondering if a local brand of spirits or perhaps a foreign brand would work. Nothing too expensive. What do you think, and where is a good place to get them in Thailand?


  3. Alayna March 10, 2013 at 5:21 am #

    I want to fly to thailand and I was wondering if tickets were cheaper if I leave from different cities in the US. From chicago I can get tickets around 1300-1500 but are they cheaper other places? Or would it be cheaper to buy a ticket to somewhere else, then a diff ticket to thailand? I guess I am just wondering the cheapest way to get there.

  4. Avelina March 19, 2013 at 8:22 am #

    I am going to be travelling to Thailand. I have no idea how customs works. How early do I have to show up at the airport, or does that not matter. Is the customs process here or in Thailand when I land? How much time should I account for for customs? If I plan on being back by April 26th, when should I by my arrival ticket for? The 24th, 25th?

  5. Micah March 19, 2013 at 8:22 am #

    Thailand’s government offices, schools and even some temples are plagued by corrupt leaders and staff. This really is Thailand’s biggest problem. How do you think Thailand will get past this? What is the key to breaking corruptions grip over the nation? Will it ever be broken?

    What are your thoughts on this?

  6. Shena March 19, 2013 at 7:46 pm #

    Hi, me and my friend are thinking of going to Thailand, but we really want to avoid the whole crazy sex and drinking scene. What places can you recommend , we like traveling around countries etc. Also is it safe in Thailand to travel away from the main tourist parts?

  7. Bobby March 20, 2013 at 5:52 am #

    What is the best way to travel from thailand to laos and Vietnam? is there a train and is it easy. how long does it take to these countries and how much is it all?

  8. Art March 21, 2013 at 10:00 pm #

    I am a indian and want to live and work in thailand legaly.
    How much it cost and how to get a legal permit.

  9. Luna March 21, 2013 at 11:47 pm #

    My mate and I are planning on going to Thailand to teach english. We are doing our research at the moment, we were wondering how much rent we will be expecting to pay a month or week? Looking for a 2 bedroom apartment. We will be teaching in Krabi, Thailand. Any help at all would be much appreciated. Thank you

  10. Louisa March 22, 2013 at 8:07 am #

    I’m doing a research project on Thailand and need to talk about ~8 attractions in Thailand. Can anyone tell me what are the top 8 “must-sees” of this country?

  11. Jay March 22, 2013 at 10:56 am #

    We are planning a 10 day vacation to Thailand/Cambodia. Our two options are July – Aug period or the December timeframe. The primary focus of the trip will be to do fieldwork on temples and architecture, but we would also like to do some vacationing in Phuket in the process. Any advice on travelling to Thailand and Cambodia would be appreciated.

  12. Shanelle March 22, 2013 at 2:03 pm #

    I am travelling over to Thailand at the end of this year and am interested in going to an Elephant Camp, not only for the trek but to buy a painting by one of the Elephants, At the moment the only place i seem to find to be able to buy them is online. I would rather buy one whilst i am over there. Any suggestions?

  13. John March 22, 2013 at 7:55 pm #

    Hi there! I am planning to go to Thailand – to Bangkok & to a beach in mid Oct. What weather can I expect? I read in travel guides that it is monsoon season in Oct. But does it really rains a lot or just a heavy rain for a hour? I would not mind if it just rains for an hour or so. But i do not want to be locked up in a hotel because of rain. I wonder if i should reschedule the vacation?

  14. Zackary March 23, 2013 at 2:59 am #

    I’m doing an AP environmental project on Thailand. I need to know the predominant ethnic and religious groups of Thailand, its maternal morbidity rate, its GNP in US dollars, and its GDP if you know. I haven’t been able to find the information on our provided websites.
    Thank you!

  15. Seth March 23, 2013 at 8:32 am #

    I am a Filipina and planning to go to Thailand as tourist. Does the immigration will ask me for a round trip ticket and hotel reservation?

  16. Valentine March 23, 2013 at 11:42 am #

    Is it okay hitchhiking to Thailand from Russia across
    China and Laos or Birma this summer.
    How about transit visa and so on. Any ideas?

  17. Jeannine March 23, 2013 at 2:12 pm #

    I am considering a joint trip: Travel to Thailand first and then Australia. Do you have any places that you recommend seeing? Or any activities?

    Also, has anyone ever done a Thailand to Australia trip, and how did that work out??

    Thanks so much and I can’t wait to hear about your possible must-see places to explore!

  18. Alfredia March 23, 2013 at 7:06 pm #

    My son is planning to marry a girl from Thailand. They will live there for 5 to 6 years after marriage. I f they have any children, will they be considered us citizens? How hard will it be for them to come to the US after living in Thailand for so long?

  19. Gerard March 23, 2013 at 7:52 pm #

    I am planning to go to Thailand in April. I will be traveling from the People’s Republic of China. I am an American citizen.

  20. Carmine March 23, 2013 at 7:52 pm #

    Ive just moved to Thailand with a visa to seek work, and have been offered a really good job. The problem is that it is only part time and the pay isnt enough to live on. Would I be able to have this job and another part time job? Would I need 2 work permits if it is not illegal to do this?

  21. Jay March 24, 2013 at 12:08 am #

    I am planning a trip to Thailand for a sabbatical/adventure/holiday and want to know how safe it is to do so alone.

  22. Arnulfo March 24, 2013 at 12:08 am #

    I am planning a trip to Thailand from California for a 14-day trip. I’ve got the hotel and airfare already covered. The tour also covers breakfast. So I was just curious how much would lunch and dinner normally cost per day on average so I can calculate how much to bring to cover the cost of meals.

  23. Callie March 24, 2013 at 12:51 am #

    I am looking to fly from Thailand to India and want to use a budget airline. Do you know which budget airline is cheapest? Thanks

  24. Hobert March 24, 2013 at 1:03 am #

    I am interested in moving to Thailand to teach English, has anyone had any experience in teaching English in Thailand? Which program should I look into? Anything I should know about?

  25. Tiara March 24, 2013 at 5:55 am #

    I am planning a trip to Bangkok, Chiang Mai and Phuket. I am curious about the public restrooms in Thailand. If they are clean, have actual toilets or have toilet paper.
    The reason I ask is I went on a trip to China and their public restrooms were pretty horrendous. They rarely had actual toilets. They were usually horizontal troughs or urinals built into the ground and you have to squat over a hole that usually had no flushing system, urine all over the floor, an overwhelming nauseating stench, sometimes no stalls or doors and of course, no toilet paper! LOL
    So I’m curious if Thailand has a better system.
    TO: byu_cougars12
    It’s the kind of question I ask when I’m curious about something…..

  26. Carmel March 24, 2013 at 10:15 am #

    My parents are from Vietnam, and both are Vietnamese. I don’t know why they were in Thailand, but all I know is that I was born in Thailand, and 3 when I was 3 months old I moved to the US. During Katrina my mom lost all of my paper work. We been busy with a lot of other things and haven’t gotten the chance to re do my paper work. I finally re did my green card, and also my SS card. How would I go about getting my BC from Thailand? Thanks in advance.

  27. Waldo March 24, 2013 at 1:39 pm #

    I am traveling alone for the first time to Thailand next month. From the US, and gonna be there about two weeks. I just want to know if language will be a problem. Also, do the ATMs there take debit cards from US banks, or do I need to go to a currency exchange place? Answer will be appreciated. Thanks.

  28. Nick March 24, 2013 at 3:36 pm #

    I am planning for a holiday in thailand in the month of July. Need a female companion for 04 days, preferably english speaking.

  29. Arlena March 24, 2013 at 8:38 pm #

    My Thai wife and I are planning to have a divorce in Thailand. I’m not exactly sure but I think our divorce is the “administrative” type, since we both agreed to the separation.

  30. Jimmy March 25, 2013 at 12:25 am #

    I am shipping used electronic equipment to Bangkok, Thailand, and was wondering what is the safest and most economical way to ship it there? UPS, FedEx, DHL, another company? The box is 32 X 20 X 20 and it weighs 55 lbs. Thanks!

  31. Donovan March 25, 2013 at 1:16 am #

    If one has gone to the entertainment centers in thailand, would that have any effect on obtaining a security clearance ? Would they want a detailed accounting of such trips ?

  32. Jeanette March 25, 2013 at 12:39 pm #

    I have brought an item off eBay and the seller is from Thailand, who tells me that I’ll have to wait 2-4 weeks. I’m just wondering how long international delivery should take? 4 weeks seems a bit long?

  33. Darrell March 25, 2013 at 6:58 pm #

    I went to thailand and had alot of lemongrass tea. How do they make it so diffrent (GOOD) tasting?

  34. Wilber March 25, 2013 at 7:18 pm #

    my husband and i are planning this month-end to visit Thailand.which of the two places are worth visiting Thailand or Hongkong?pls help
    how much money we need to bring for a 5 days tour in Thailand?

  35. Mickey March 25, 2013 at 11:41 pm #

    We are going to Singapore,Malaysia and thailand from India.I want to know which is the cheapest option for shopping out of these three? Secondly we are not going to buy any clothes or electronic goods.Just lots of chocolates and some souveniers or other innovative items.I am travelling with my kid and wife. How much money in Indian rupees should be sufficient to carry?Food, lodging and amusment is already booked so no need ti shed money for that.Please let me know for shopping how much money would be needed and where to shop.

  36. Silvia March 26, 2013 at 2:25 am #

    I am planning a backpacking trip with couple of mates to Thailand this new Years holiday. Any suggestions where to go, what to see and best places for photography?

  37. Ned March 26, 2013 at 5:14 am #

    I want to travel to Thailand next year. However, i do not know much about the country or what to do over there. Any ideas?

  38. Shirley March 26, 2013 at 6:57 am #

    Hi,Me and girl friend are going to Thailand to spend 10 daysin January.How can we spend our time properly & romantically in Thailand?Which are the most romantic place in Thailand?Which are the things that must be seen?What should be schedule for this trip?

  39. Modesto March 26, 2013 at 1:01 pm #

    If I am going to Thailand, which airport in Thailand do I want to be at for the full moon party?

  40. Carmelo March 26, 2013 at 2:14 pm #

    How much spending money would I need to stay in Thailand for 10 weeks, this is not including accommodation and I would be living reasonably cheaply? Anyone?

  41. Corey March 26, 2013 at 2:23 pm #

    I am 18, old enough to drive but not rent cars in thailand. So for my trip there I’m planning on mostly busing, taxis, the odd rented scooter, stuff like that. Traveling by these means, how hard is it to get all around thailand? I mean all over. And is it expensive travelling this way?

  42. Waneta March 26, 2013 at 7:13 pm #

    I will be traveling through Thailand and have a mild disability that makes squatting very difficult. I can walk upright for miles, but squatting has always been an issue. What does someone like me do when faced with having to use a squat toilet? Do the restrooms typically have bars to hold on to for support?
    Just to clarify, we will mostly be traveling in non-tourist areas such as Trang (south), Chiang Mai, Pai, etc. I will only spend about 3-4 days in Bangkok.

  43. Nichelle March 28, 2013 at 1:46 am #

    I’m planning a trip to Thailand with my girlfriend in October/November and am wondering what some must see places/towns are?

  44. Reid March 28, 2013 at 1:52 am #

    Hi people I visited Philippines and Thailand more often but one thing I’ve noticed is they love to eat blood chicken blood or pork blood. But some Filipinos in Thailand they said the chicken or pork blood is more delicious compare to the Philippines? I said how come is the same blood? They said NO, its different taste.
    The Filipinos said, you can see Filipinos eating blood here in Thailand . BUT you cannot see Thai people eating blood in the Philippines

    Can you please explain those differences?

    Thank you

  45. Morton March 28, 2013 at 6:31 am #

    I have to send some of my stuff back to Manila by next month. Is there a reputable company in Thailand (I am in Isan) that can do this for me?

  46. Kevin March 28, 2013 at 7:10 am #

    I ordered a t shirt on ebay from Thailand on Sunday august 9 2009 and its Monday the 17th august 2009 and it still hasnt come yet it said 14-21 days so does any one have an estimate on how long it will take?

  47. Maribel March 28, 2013 at 9:17 pm #

    I’ve noticed that a few visitors to the Philippines have ended up in Thailand and ended up liking Thailand significantly more. Granted Thai cuisine is excellent, the culture and history more what one might associate with exoticly Asian, and it is slightly more developed—what else? Is it a bridge too far for the Philippines to appeal in the same way because of intrinsic differences or does it just take a little more polish here and attention to detail there?

  48. Kareem March 28, 2013 at 9:35 pm #

    I will be in Thailand from April-December for an internship. My boyfriend wants to come visit me in August. Where is the best place to vacation this time of year? Phuket? Bangkok? Any hotel suggestions would be much appreciated as well. Thanks a lot!

  49. Terry March 28, 2013 at 9:55 pm #

    I want to take my family to thailand next vacation, but i want to know when is the best time to go? And do you have to have any vaccinations?

  50. Suzette March 28, 2013 at 10:44 pm #

    I ordered something online from thailand. It is shipping to Ontario Canada. It’s been 2 days so far.

  51. Miquel March 29, 2013 at 12:53 pm #

    For our first lesson in Filipino, we will learn all about Thailand. Yet our teacher asked us to research more about Thailand and how it differ from the Philippines. I found some site but I guess it’s not enough and well described. =|

  52. Cristobal March 29, 2013 at 6:24 pm #

    Thailand has a national “NAZI” day in the high schools, where the students march with toy guns and dress up in home made uniforms etc.

    Why do they have such a positive view of the Nazi’s? Where did it come from?

  53. Josette March 29, 2013 at 10:19 pm #

    I am planning a trip to go to Thailand in January. I want to know when would be a good time to purchase cheap airline tickets, now or wait until January? Traveling from LAX. Thanks!

  54. German March 30, 2013 at 3:43 am #

    We are planning to start a modeling agency in Thailand. Any ideas on how to? I seek for legal advise in Bankok but what they gave me is the general rules in starting up a business. Anyone can advise?

  55. Rubin March 30, 2013 at 6:17 am #

    Why foreigners come to Thailand but can’t speak Thai, and complain about Asians in western countries who can’t speak English before moving there?

    Also if your farang how old were you when you immigrated.

  56. Minnie March 30, 2013 at 8:50 am #

    will be entering thailand via the malysia border and am not sure if the visa is 14 or 30 days. Also will spend about 3 weeks in thailand. Going to the islands. Anyone have any recommendations. Thanks

  57. Jude March 30, 2013 at 9:38 am #

    Im going to Thailand for New Years and Im trying to figure how much money I should bring with me. We will be spending a majority of the time in Bangkok but will make our way over the Phuket. I was thinking $4-500 would be good. Any input would be appreciated!
    I am traveling with my boyfriend. He has friends in Bangkok who we will be staying with while there. Every where else we want to go we have to split. So I take it like $35/day two ways is like 17.50/day?

  58. Melodi March 30, 2013 at 12:28 pm #

    My aunt’s friend visited Thailand and said she went to a show with men who went through countless surgeries to become women. That they wanted to become women so badly, even though they know they’ll only live to 40 maximum. Is Thailand really the place where all this happens?! What is the show called?

  59. Richelle March 31, 2013 at 9:07 pm #

    We are going to Thailand on June 8th. Do you think that all of the violence will calm down by then? Or, do you think it will take much longer for a resolution to be made?

  60. Chester April 2, 2013 at 1:48 pm #

    Well, Me and my girlfriend planning to go tour for Thailand. Does any body know where to go and where to stay?

  61. Scot April 8, 2013 at 12:57 am #

    I have a friend in Thailand who owns a plot of land where water is very scarce and he wants to grow something in that plot of land. What plants can he grow there with minimum irrigation?

  62. Denver April 24, 2013 at 2:50 pm #

    I was born in Thailand, went to the US and became a US citizen then came back to Thailand for good. What do I need to do to be in compliance with the US law while remaining in the country?

  63. Darius May 5, 2013 at 8:00 pm #

    I am a foreigner planning to study in the Assumption of University of Thailand.
    I’ll be taking the business administration undergraduate course in abac, and I just want to check how much salary will I be earning in Thailand.
    I do speak English fluently, I’m good with computers and I have the ability to cope with anyone around me.
    Will a foreigner be able to find a high paying job with a BBA from abac?
    Or how much will my starting pay and max pay be?
    I’ll be trying my best to score a high gpa as well.
    Please answer!

  64. Thomasena May 11, 2013 at 12:12 pm #

    What is the the best place to live in Thailand with tropical surroundings relaxing and very affordable

    I am thinking about going to Thailand , I just wanted to know the best tropical areas that are relaxing
    I like living were locals live , near tropical areas. Looking to live there for a month . I heard the rent is very cheap there, any good surf spots. Is the crime high there ? Do they speak English there ? Is there a time where it’s not so humid and less tourist.

    Hope to here your answers I gladly appreciate it.
    and also what kind of exotic animals live there?

  65. Devorah May 29, 2013 at 2:02 pm #

    So in these vacations I am going to Thailand with my family for a few days. What are some really attractive things to see in Bangkok? Are there any other good cities in Thailand apart from Bangkok to visit? I am only 16 and this is my first visit to Thailand, so I was wondering what are the charms there and what are the ‘must see’ places there? Please write all the cool places you know and also shopping malls! I’ve a knack for shopping.

  66. Rosena June 1, 2013 at 7:05 pm #

    Just want a simple one or two rooms apt.. No need to be in up market area. Its for resting & away from one home. Better for me to buy then rent as its only across the border. Any restriction for foreigner? Is there any web site on it?

  67. Manuel July 5, 2013 at 3:00 pm #

    I heard if you’re from the US, England or Australia and you go to Thailand, there are heaps of women trying to marry you so they can get into the country and send money back to support their families.

    I want one between the ages of 18 and 21, virgin, and really really hot. I have a full time job and can send money to her family if she needs.

    If I told this to women in Thailand what are my chances of success?

  68. Isreal July 31, 2013 at 8:19 am #

    I would like to travel in Thailand for a few months, and I’ve heard it is possible to rent apartments month by month and pay around $200- $300 for a pretty decent apartment. Is this true? Does anyone have details or trustworthy sites to check out?

  69. Golden August 30, 2013 at 4:55 pm #

    I’m thinking of buying a betta but it is from Thailand so I will need to pay to get it shipped to Oregon. Any idea how much this will cost me?

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