A reporter states that DDproperty, Thailand’s leading real estate platform, reports that the Gig Economy trend—characterized by temporary employment—is steadily growing in Thailand. This has accelerated the expansion of freelance careers alongside the growth of Thailand’s digital economy. Data from the National Statistical Office’s labor survey in Q2 2025 and the Labor Economics Division’s labor report of the same period reveal that in Q2 2025, 50.01% of all employed persons, totaling 39.51 million, were self-employed, up from 49.81% in the same quarter of the previous year.
However, when freelancers apply for housing loans, they are often viewed as having uncertain income, resulting in a stricter loan approval process than that faced by salaried employees. According to a DDproperty consumer survey on the housing market, nearly three out of five respondents (56%) identified unstable jobs and income as the main obstacle in securing housing loans. This underscores that financial stability remains a critical challenge for borrowers and highlights the need for freelancers, who lack fixed salaries, to prepare thoroughly before planning to apply for a housing loan as follows.
1.) Assess your ability to repay your home loan: Banks evaluate repayment capacity through the Debt Service Ratio (DSR), which measures total monthly debt obligations against total monthly income. Total monthly expenses or debts should not exceed 40% of income. 2.) Provide clear proof of employment: Consumers should prepare employment documents covering at least one to two years. 3.) Have a solid savings plan, as saving well is crucial. 4.) File taxes properly and legally. 5.) Maintain consistent bank account activity. 6.) Build a strong financial history with no overdue debts. 7.) Consider applying with a co-borrower to increase the chances of loan approval and higher credit limits.