Most developers in Thailand offer interest-free installments as an option for purchase. This option presents many advantages such as not needing to secure loans, reduced documentation requirements and no need to process a company set-up in order to purchase.
Installment plan terms and conditions vary and depend on each real estate developer as well as stage of property construction.
The main requirement is a deposit down payment, which might vary from 30% to 50% of total cost.
- No interest
- No need to obtain a loan and collect all required documents
- Installments for entire construction period for properties under development
- Limited period of installment provision
- Higher cost of payments compared to mortgage loan
Despite these, buying real estate by installments is an excellent opportunity for investment in Thailand.