Thailand Mortgages

Traditionally foreigners have not been able to borrow money in Thailand for property purchase. However, times are changing and loans are regarded as a positive way to attract foreign investment and further boost Thailand’s growing economy.

Facts about Financing a Thai Purchase

Currency	Baht (THB)
Loan to Value	Up to 70% of the valuation price
Term	10 years

Thai banks are just beginning to evaluate foreigners, not as a credit risk, but as an investment opportunity and mortgages in Thailand are gradually increasing in availability.

Recently a new branch of the Bangkok Bank has opened in Singapore and now finances sometimes as much as 70% over 10 years for property purchase. This has opened up borrowing possibilities for property investment in Thailand.

Currently you should generally expect to obtain no more than 50% finance, with the exception to some well-known developments where finance of nearer 70% is available.

HSBC in Thailand offers loans of between 1,500,000 and 35,000,000 Thai Baht. Typically they will lend up to 80% of the purchase price and interest rates can be fixed for up to three years.

For condo purchases, many investors still obtain a loan in their country of origin and then transfer funds via currency exchange deals to a Thai bank account.