You will generaly have to pay cash. It is difficult to obtain a loan in Thailand, unless you work there. A few attempts to obtain a credit from the Thai Banks or to settle offshore solutions (via Hong Kong for instance) turned out to be difficult to implement and not a very reliable option.

One of the solution is to obtain a mortgage from your home bank, in your home country, at the condition that you have a property to use as a garanty for the bank. You can then finance the missing part of the purchasing total price while benefiting low interests if the loan conditions in your home country are good, as it is the case in France and in some European countries at the moment.

You will have several advantages of having a loan in your home country. In particular:

• It will be more convenient for you as the mortgagee is nearby,
• The local legislation of your home country will be applicable, which will be safer, if your are living in a European or an other modern country.
• You will usually take a loan in your home currency, and you will therefore not be facing currency fluctuations. If you take a fixed-rate loan, the monthly payments will then always be the same.

Another option exists, but it is not very usuall and this solution must be handled with great care. If your intention is to buy in a new project, still under construction, some developers can propose loans. These loans can run over 8 years maximum, and reach up to 50% of the total purchasing price. The rates are usually around 7 to 8%. It is an interesting option, as the income produced by the property rental can be sufficient to cover the montly payments, and there will be no forex fees as the loan will be referenced in the local currency, as well as the income. This system enables you to dynamise your investment, as you will be able to buy a bigger property, or to buy two units instead of one. In most cases, the property price increase will exceed the coast of the loan.