Thailand » Mortgages

Guide to the mortgages in Thailand :

Keep in mind that for many countries, there is often more than one deal available and this page merely represents an overview of the typical requirements.

Typical Rate	6%
Loan purpose	Residential, Freehold condominium property
Min Loan	S$100,000 or 60,000 USD
Max Loan	S$1,000,000 or 600,000 USD Up to 70% of purchase price or valuation whichever is the lower.
Term	20 years
Max Age	65
Repay method	Capital and Interest
Currency	SGD, USD
Additional info	Approval of loan subject to evaluation of applicants financial standing and repayment ability. Minimum earned income should be equivalent of 65,000 USD.

In most real estate development projects, a down payment can be made in installments from 10 to 24 months. After the down payment has been paid, the sale contract will be made and the balance amount is paid through the loan which is financed from a financial institution. The financial institution requires you to mortgage the property with it as collateral against the loan.