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Home Buying in Thailand: Financing Options for Foreigners

One look and it's easy to know why Thailand is one of the top tourist destinations in the world. From its pristine beaches to its rich cultural landmarks, the charm of this beautiful Southeast Asian country has captivated foreigners so much that many of them have already invested in a home of their own here. This is why the property market of Thailand has grown throughout the years even with the global economic crisis and the recent threats of credit bubbles.

Now if you're looking into investing in a home in Thailand, you need to learn about the different financing options available to you as a foreigner.


A loan is one of the most common financing options available in Thailand because it has a higher chance for approval, and many local banks are willing to offer this service to foreigners who meet their requirements. If you've been in Thailand for quite a while and you're working here with a good annual salary, then you'll have a higher chance of being approved for a mortgage. You just need to submit all the necessary documents such as pay slips, bank statements and your employer's certification to prove that you can really pay your loan, should you get and approval.

Offshore Financing

If you're not living in Thailand but you're planning to purchase a property here, you can apply for offshore financing. This option, which was introduced in 2005, gives foreigners the opportunity to finance their property purchase in the country even if they're not qualified for a home loan. Aside from the Bangkok Bank, the United Overseas Bank in Singapore is also offering this type of service, with both companies offering an interest rate of 8.75%.

Private Financing

Since the property market in Thailand has become highly competitive over the years, many property owners are already offering private financing options for their foreign buyers. This means that you can pay at least 50% of the total cost of the property you'd like to buy, and take care of the remaining cost through instalment payments within a period of 2-3 years. However, since property owners can give different offers, it's best to compare them first, so you can find the best option for your needs.

Now that you already have an idea about the different financing options in Thailand, you can start looking at properties for sale through Ideal Homes Real Estate. Who knows, you might just find your dream home in Thailand here in our site.

For your own guidance, check out the following resources.