The Title Zero-Interest Payment Plan (2026)

The Title Zero-Interest Payment Plan: Full Breakdown 2026

Rhom Bho Property applies a zero-interest developer payment plan to every one of its 15 active The Title projects in Phuket. This means buyers spread payments across construction milestones without any interest charged on the outstanding balance, effectively receiving 0% developer credit for 12-36 months depending on the project delivery timeline. For foreign buyers who cannot access Thai bank mortgages (which Thai banks generally do not extend to foreign nationals), this payment plan is the primary, and for many buyers, the only, financing mechanism available in the Thai market. Understanding how it works in practice changes the economics of Phuket property investment fundamentally.

Why Financing Phuket Property Is Unusual

What Thai banks will not do for foreign buyers (in most cases):

• Lend in THB to non-Thai residents for property purchases
• Provide construction loans to foreign national buyers
• Offer mortgage products on leasehold or company-held property
• Accept non-Thai income statements for standard loan applications

What is actually available to foreign buyers:

• Foreign Currency Loan (FCL) from selected Thai banks, requires significant assets in Thailand and complex application
• Overseas bank financing against foreign assets (e.g., refinancing UK, Australian, or European property to fund a Thai purchase)
• Developer payment plans, by far the most common mechanism
• Cash purchase (most common among wealthy foreign buyers)

The Title’s zero-interest payment plan is therefore not a nice-to-have feature. For most foreign buyers, it is the primary mechanism by which a $107,000-$521,000 Phuket property purchase becomes manageable without liquidating all available assets at once.

How the Zero-Interest Plan Actually Works

The key components:

1. Booking deposit: A small initial deposit (typically 50,000-200,000 THB or 3-5% of purchase price) that reserves your unit and removes it from active sales. Usually refundable under specific conditions if the purchase does not proceed to contract.

2. Contract signing (within 30 days of booking): The purchase agreement is executed. A larger payment is due at this stage, typically 25-30% of the total purchase price. This is the largest single payment in the schedule and is generally not refundable after contract execution.

3. Construction milestone payments: As the building progresses through defined construction stages (typically foundation completion, structural frame completion, building envelope completion, and interior fit-out), payments are triggered. These are 10-15% tranches, with typically 2-4 milestone payments across the construction period.

4. Handover and title transfer: The final payment: usually 30-35% of the purchase price: is due when the unit is completed and ready for transfer of ownership. This payment is simultaneous with the signing of title transfer documents (condominium chanote for foreign freehold, or lease registration documents for leasehold).

The specific percentages vary by project, unit type, and occasionally by purchase timing (very early buyers may receive slightly different terms). The schedule is confirmed and documented in the purchase agreement.

Worked Example: a 3,840,000 THB unit on a 12-month schedule

Payment Stage	Timing	Percentage	Amount (THB)	Amount (USD)
Booking deposit	Month 0 (now)	3%	115,200	$3,523
Contract signing	Month 1	27%	1,036,800	$31,706
Foundation/structural milestone	Month 4-5	15%	576,000	$17,615
Mid-construction milestone	Month 7-8	15%	576,000	$17,615
Near-completion milestone	Month 10-11	10%	384,000	$11,743
Handover and transfer	Month 12	30%	1,152,000	$35,229
Total		100%	3,840,000	$117,431

Interest charged: zero. Total cost equals the purchase price exactly.

The ticket above is an illustration of the schedule shape rather than a quote for a specific unit, and the version of this section that named one got the price wrong: it headed the table “1BR at The Title Artrio, $107,000” when Artrio’s book on our file starts at 4,263,000 THB ($130,367). Use the percentages, not the amounts, and apply them to the price on the list you are actually shown.

For comparison, a buyer borrowing 70% of a 3,840,000 THB purchase at 7% for twelve months would pay roughly 188,000 THB in interest. The zero-interest plan removes that line entirely, and the fair way to state the saving is against the borrowing you would otherwise have done, at your own rate, rather than against a market average.

Frequently Asked Questions

Is a zero-interest developer plan actually free? +

There is no interest line, but that does not make it free. The financing cost is frequently embedded in a list price you were never invited to negotiate. Ask what the cash price would be for the same unit, then compare: the difference is the real cost of the plan.

How does it compare with paying cash? +

Cash on completed stock gives you genuine negotiating leverage, because a seller closing quickly with no financing condition is being offered something of value. An instalment plan gives you liquidity and spreads the commitment, at the cost of that discount and with construction risk still ahead of you.

What should the payment milestones say? +

Verifiable construction events certified independently, rather than calendar dates the developer certifies to itself. A schedule tied to defined stages protects you; one tied to months does not, because payment falls due whether or not work has progressed.

What happens if the project is delayed? +

Whatever the contract says, and nothing more. Thai off-plan has historically run six to eighteen months late, so ask for a delay penalty with a figure attached and a long-stop date after which you may terminate and recover paid funds. A contract silent on delay leaves you without a remedy for the most likely adverse event.

Can I sell before completion if my circumstances change? +

Only if the SPA permits assignment, and many Thai developers restrict it, charge for it, or prohibit it until a stated percentage is paid. Read that clause before signing: a buyer needing to exit mid-build has no other route, and the market for a part-paid contract is thinnest exactly when you would need it.

Payment Schedule Across Different Project Timelines

Project	Price From	Delivery	Approx. Instalment Window	Deferred Capital (65-70%)	Interest Saved vs 7% Loan
Serenity (Nai Yang)	$82K	Q2 2026	2-3 months	$53,300-$57,400	~$940-$1,010
Heritage (Bang Tao)	$141K	Jun-Sep 2026	4-6 months	$91,650-$98,700	~$2,145-$2,305
Artrio (Bang Tao)	$107K	Q1 2027	12 months	$69,550-$74,900	~$4,870-$5,243
Modeva (Bang Tao)	$120K	Q1 2027	12 months	$78,000-$84,000	~$5,460-$5,880
Adora (Rawai)	$120K	Jun 2027	15 months	$78,000-$84,000	~$6,825-$7,350
Vivi (Bang Tao)	$98K	Oct-Dec 2027	20 months	$63,700-$68,600	~$7,433-$8,003
Sierra (Bang Tao)	$72K	Jun-Sep 2028	27-30 months	$46,800-$50,400	~$8,775-$9,450
Vivana (Kamala)	not on our list	Q4 2028	30 months	(	)

The Sierra ($72K, Jun-Sep 2028) is the most capital-efficient on the instalment dimension: 27-30 months of zero-interest instalments on a $72K purchase saves $8,775-$9,450 in hypothetical interest cost, more than 12% of the purchase price in avoided financing cost.

Vivana has the longest instalment window of the group at roughly 30 months to Q4 2028, but the saving cannot be put in figures here: it carries no priced units on our list, and the $105,000 the row used to hold came from launch material.

Foreign Exchange Transfer Requirement (FET)

The rule: To register freehold condominium title in a foreigner’s name, Thai law requires that the purchase funds be transferred from abroad in a foreign currency and converted to Thai Baht. This must be documented by a Foreign Exchange Transaction (FET) form issued by the receiving Thai bank.

Practical implications:

1. Each instalment payment made from abroad should be accompanied by a proper FET form from the Thai receiving bank.
2. The total FET amount must equal or exceed the purchase price at the time of title transfer.
3. Payments made from a Thai bank account in THB by a foreigner generally do not satisfy the FET requirement: the funds must demonstrably originate from outside Thailand.

What this means for payment scheduling:

Each instalment should be wired from a foreign bank account (your home country bank or an international account) to the developer’s designated Thai bank account. The Thai bank will issue an FET form for each transaction. Retain all FET forms throughout the construction period, you will need them at the final title transfer.

If you have Thai bank accounts funded from foreign sources, confirm with your Thai property lawyer whether payments from those accounts satisfy FET requirements for your specific transaction structure.

For leasehold purchases: The FET requirement is less stringent for leasehold registration, foreign currency documentation may still be requested but the strict condominium freehold rules do not apply uniformly to lease registration.

How the Zero-Interest Plan Differs from a Thai Mortgage

Factor	The Title Payment Plan	Bank Mortgage
Interest Rate	0%	6-8% (Thai commercial rate)
Availability to Foreigners	Yes, all The Title projects	Generally not available
Credit Check Required	No	Yes (extensive)
Collateral Required	No	Property + additional security
Flexibility	Set schedule, some flexibility	Fixed monthly repayment
Duration	Until handover (1-3 years)	10-30 years
Administration	Simple developer payments	Monthly bank transfer, bank oversight
Cost	Purchase price only	Purchase price + total interest cost

The mortgage comparison clarifies why the zero-interest plan is genuinely significant: it delivers the cash flow spreading benefit of a mortgage without any of the costs or access barriers. For a foreign buyer who cannot get a mortgage, and who would otherwise need to deploy full capital upfront, the zero-interest plan is the difference between accessible and inaccessible.

Structuring Capital Efficiency with the Zero-Interest Plan

Strategy 1, hold and earn on deferred capital: If you have $107,000 available to purchase The Title Artrio, do not deploy all $107,000 immediately. Under the payment schedule, only $32,100 (30% booking + contract) is needed in the first month. The remaining $74,900 stays in a savings account or short-term investment earning 3-5% for 12 months, generating $2,247-$3,745 in additional income before you need to pay it.

Strategy 2: Deploy the saved capital to another project. With $214,000 in capital (enough to buy two Artrio units outright), the zero-interest plan allows you to purchase two units simultaneously, deploying only $64,200 at contract stage for both units and spreading the remaining $149,800 across construction milestones. This doubles your rental income generating capacity without doubling immediate capital deployment.

Strategy 3, buy a more expensive project than you could pay upfront: If your total capital is $80,000 and you want to purchase The Title Artrio at $107,000, the payment plan makes this achievable: the $32,100 needed at booking and contract is within reach, and the $74,900 balance can be structured from income, sales, or additional savings raised during the 12-month construction window.

Transfer Costs: What Else You Pay at Handover

Cost Item	Typical Amount	Who Pays
Transfer fee (2% of registered value)	1-2% of purchase price	50/50 buyer-developer or negotiated
Specific business tax (SBT, if within 5 years)	3.3%	Seller (developer on first sale, usually nil)
Stamp duty (alternative to SBT)	0.5%	Negotiated
Legal fee (lawyer representation)	30,000-80,000 THB	Buyer
Sinking fund (one-time community fund)	Set by development	Buyer
Common area maintenance (CAM) advance	1-3 months	Buyer
Furnishing package (if not included)	150,000-300,000 THB	Buyer

A realistic total acquisition cost including transfer costs, legal fees, sinking fund, and furnishing for a $107,000 unit is approximately $115,000-$125,000 all-in. Budget accordingly when calculating effective yield.

Red flags before you sign a zero-interest schedule

Red flag	Why it matters
Deposit becomes non-refundable before legal review	You lose leverage on FET and quota issues
Milestone dates are calendar-based, not construction-linked	Payments due even if building stalls
No named Thai bank account for each wire	FET documentation breaks at transfer
Late-payment interest hidden in annex	Zero-interest headline may not apply after grace period
Developer refuses independent lawyer on SPA	Standard risk allocation missing

What Happens If You Cannot Make a Milestone Payment?

Late payment: Most contracts allow a grace period (typically 15-30 days after the milestone due date) before default provisions activate. Interest on late payments may apply during the grace period, even under a zero-interest plan, this refers to the deferred balance, not late payments.

Material default: If a buyer cannot make payment after the grace period, the developer typically has the right to cancel the contract and retain a portion of payments already made (often 30-50% of paid amounts as liquidated damages, depending on contract terms).

Communication is essential: If you anticipate difficulty meeting a milestone payment, contact the developer’s sales team and MORE Group immediately. Developers generally prefer to negotiate a revised schedule rather than cancel a sale, they lose the income and must resell the unit, which creates cost and uncertainty for them too.

Understanding these terms before signing is a legal necessity, not an optional exercise. Engage a Thai property lawyer to review the purchase agreement before you commit.

Projects Where the Zero-Interest Plan Has Maximum Value

The plan is worth most where the deferral runs longest, so the ranking is simply delivery date. Against our own price file, the schemes with a recorded delivery quarter and priced inventory are:

Scheme	Area	Delivery	Priced units	Entry (THB)
The Title Sierra Bangtao	Bang Tao	Q3 2028	236	2,906,700
The Title Adora Rawai	Rawai	Q1 2027	136	5,332,000
The Title Artrio Bang-Tao	Bang Tao	Q4 2026	282	4,263,000
The Title Cielo Rawai	Rawai	Q3 2026	35	4,830,000
The Title Heritage Bang-Tao	Bang Tao	Q3 2026	362	5,376,000
The Title Villa Kirara	Bang Tao	Q2 2026	23	29,020,000
The Title Serenity Naiyang	Nai Yang	Q2 2026	220	3,429,657
The Title Estella Villa Naiyang	Nai Yang	Q3 2026	1	22,418,000

Sierra is the outlier and the clearest case for the plan: a Q3 2028 delivery means roughly two years of deferral on a book that starts at 2,906,700 THB, the cheapest entry of any The Title scheme we hold. Two schemes, Coralina in Kamala and Balcony in Nai Yang, carry priced inventory but no delivery quarter in our record, ask for the contractual date in writing before you value the deferral, because the whole benefit is measured in months.

Two more are already finished, which removes the question entirely: The Title Legendary-Bang Tao (83 priced units from 6,828,900 THB) and The Title Halo 1 in Nai Yang (15 units from 5,128,240). On a standing building there is nothing left to defer, and the trade turns into the cash-versus-instalment question instead.

Pros and Cons of the Zero-Interest Plan

Pros

• Zero interest on the outstanding balance across the construction period, which no Thai bank offers a foreign buyer
• Your money keeps working elsewhere until each stage is called, and that return is the plan’s actual benefit
• The exchange rate is averaged across several transfer dates instead of being fixed by one
• Nothing to qualify for: no lender, no income test, no work permit
• Applied consistently across the developer’s active projects, so the terms can be compared before choosing a scheme

What to consider:

• Not a long-term financing solution, the balance must be paid in full at handover
• Each instalment should be wired from abroad to satisfy FET documentation requirements for freehold title
• Contract default provisions can result in loss of a portion of paid amounts, read the contract carefully
• Transfer costs (2-5% of purchase price) are additional to the purchase price and due at handover
• Legal advice is required before signing, the purchase agreement is binding in Thailand

Buyer scenarios: who the plan actually helps

The plan is worth different amounts to different buyers, and the difference is not about the property.

Take the buyer whose capital is already deployed. If your money is currently earning a return elsewhere, the plan’s value is the difference between that return and zero, compounded over the deferral period. The arithmetic is yours to do and it needs only two inputs you already have: the rate your capital actually earns today, and the schedule the developer has published. On a 15-month plan with 65-70% of the price deferred, multiply the outstanding balance at each stage by your own rate for the months it stays outstanding. The band this paragraph used to suggest for that rate is gone deliberately: it is a fact about your portfolio, not about Phuket, and substituting a plausible-looking number for the one you actually know is how a saving becomes a guess. This is the buyer for whom the plan does the most work, and the only one who can size it exactly.

Now take the buyer whose capital is idle. If the funds would otherwise sit in a current account, the plan defers the outflow without producing a return, so its value is optionality rather than money: you keep the ability to change your mind for longer, and you carry the developer’s completion risk in exchange.

Then the buyer stretching to a larger unit. The plan makes a more expensive project reachable without borrowing, and this is where it needs the most caution. Every deferred milestone still has to be paid, the final tranche is usually the largest, and a schedule that works on today’s exchange rate and today’s income can stop working before handover. Model the final payment at a rate ten per cent worse before committing.

And the buyer planning to sell before completion, for whom the plan looks ideal here and rarely is. Assignment liquidity in Phuket is thinner than in Bangkok, developer approval is usually discretionary, and the fee can absorb the margin. Unless your own lawyer has read and approved the assignment clause in this particular contract, plan on holding the unit to handover and treat an early sale as an option rather than as the strategy.

Frequently Asked Questions

Read Also:

• Phuket Rental Yield Guide
• Buying Property in Phuket
• Documents to Check Before Buying
• Foreign Quota in Thai Condominiums
• Condo Transfer Fees in Thailand
• Best Areas to Buy in Phuket
• Phuket Property Market Outlook