Property instalments for foreigners - up to 15 years
Have you ever been disappointed with the instalment terms for property in Thailand?
Most often, it is given for the construction period. Sometimes there are variants for 5 years. We suggest you take a look at the instalment terms for foreigners for up to 15 years.
Who can get this payment plan?
- Employed or self-employed people
- Over 20 years old and under 70 years old
- With an income above 20,000 baht per month for those who are employed and 30,000 baht for the self-employed.
- Citizen of any country.
Conditions:
- Up to 4 million baht or 50 per cent of the apartment's value
- 4-8% interest rate
- 15% interest rate on late payment
- You will not need a visa or Thai bank account to get the loan.
How can you show your income?
- Pay slip
- Bank statement
- Bills to cover your monthly spendings
What can you buy with this instalment loan?
An apartment in a complex near Central Festival - The City Phuket. It will be ready very soon, by the end of 2023. It is two eight-storey buildings with 1-3 bedroom flats. The complex will have laundry, security, CCTV, swimming pool with Jacuzzi and gym. There is also thought out infrastructure for leisure: cinema, karaoke room, co-working center.
The nearest beach is Patong, which is 9.5 kilometres away, but a major shopping mall, and supermarkets are less than a kilometer away.
Let's take a look at the offerings at The City Phuket, shall we?
Flat with separate bedroom and lounge with kitchenette, 39 sqm.
