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Chaengwattana

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Posts posted by Chaengwattana

  1. What kind of interest rate are the banks asking for and how is the loan structured? Is there an early payoff penalty?

    My wife looked at a car loan and it simply took the cheap interest rate 3.75% and multiplied the amount borrowed over 60 months. You pay interest on the entire amount borrowed over the life of the loan.

    Im sorry but i don't know. I have been out of Thailand for the past 3 month and my wife handled evrything. Everything was settled just 2 days ago.

    I checked www.bankasia4u.com but the homepage doesnt work.

    About the car loan.

    The structure sounds exactly like the car loan my wife had with GE Capital. According to my wife that is standard in Thailand. First she started to pay back the interest and then the principal of the loan.

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