Around the middle of 2005, Thai Banks’ branches located in Singapore started to offer offshore financing for foreigners wishing to purchase real estate in Thailand. Up to 70% of the property’s value was made available to foreigners who did not qualify for a local loan in several currencies including US and Singapore Dollars
Bangkok Bank or UOB offer international loans without having to set foot in Singapore. In case of UOB this is a joint financing program between UOB in Thailand and UOB in Singapore. Up to 70% or 60% of purchase price or valuation price whichever is lower
Eligible customers include citizens of Australia, Brunei, China, Canada, France, Hong Kong, India, Indonesia, Japan, Malaysia, Philippines, South Korea, Thailand, Vietnam, UK, USA or with a minimum income of USD 85,000 or SGD 100,000 per annum for other foreigners
Location: Bangkok, Phuket, Chomburi, Chiangmai, Cha-Am, Hua Hin and Samui. Minimum of 3 years and a maximum of 30 years in a maximum loan amount. of THB 50,000,000.
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