This question is quite common for foreigners who want to have another option in terms of paying for the property they wish to purchase. The answer to this question is yes, some banks and financial institutions do offer mortgages to foreign nationals.
However, it can be evasive and the application process can be quite difficult. More requirements are needed for foreign nationals and most institutions only approve those who have strong financial profiles.
That being said, mortgage or financing payment options are only ideal for buyers who wish to purchase a condo as a home in Bangkok, rather than as an investment.
Here are some banks that offer financing to foreigners nationals:
MBK Finance
UOB
Bangkok Bank
Conclusion
Buying a condo property in Bangkok, whether it’s for a second home, your permanent home base, or for investment purposes is really straightforward and simple. Though quite a number of documents are needed and a few requirements must be complied with, this guide gives you an overview of what to expect when you decide to purchase a property in this city.
Though you can’t own land in Bangkok, a condo is your next best bet for owning a property that’s truly yours in the City of Angels.
Shall you have any questions, please contact our sales agent at tip@sangtipproperty.com or for the quickest response, please send us an inquiry form.