Apr
23

I want to buy property in Thailand with bank finance.Can the foreigner take a loan from the Thai bank?

Unfortunately, banks of Thailand didn’t provide any loans to the foreigners who don’t have any assets in the Kingdom of Thailand.  But if you are buying something under construction, then you will get your property with interest-free payments by installments on the whole period of construction. Sometimes the Developers can offer a loan for 1-4 years for their apartments or even houses with the land, but in this case you will be the owner of the property after you complete all the payments including interest for the loan, and only after that you will get a Channote (Title Deed).

Leave a Reply