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February 06th 2012
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Chiang Mai Condo

Newly Renovated Studio 12,500/mth - Price includes Electricity and Water

 
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Finance


As a general rule, in Thailand, finance is extremely difficult to obtain for a foreigner. Sometimes it can be had through the Bangkok Bank Branch in Singapore, however there may be restrictions on minimum amounts and what currency it can be taken in, contact that bank to update the current situation.

Another part of the problem is that a foreigner needs to show the money for the condo purchase being remitted from overseas to their Thai Bank account. A document confirming this will be required to transfer the land title document (chanote) at the land office.

A Thai citizen of course is subject to the usual bank requirements to obtain a loan.

However on a limited amount of selected properties only we can offer vendor financing, please contact us to see what is available at any given time. This allows clients to put down a deposit on a property and pay off the balance over a number of years. This is ideal for people on pensions or those wanting to purchase now, rent the property, and have the tenant effectively pay off the balance.


 

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