Old Farang

Thank you for this approach, at present just gathering information prior to taking any concrete steps and give me background to ask intelligent questions with regard to financing. I would probably want to ensure that the loan could be paid back early before term, and not locked into long term interest.

So far I would concur with what everyone has said, but I have very limited experience with this kind of thing, especially in Thailand. What I’m hearing here is that Thailand is not that different from other countries I have lived in.

Ok thanks for that, much appreciation.

Would like some rental income.

So was this to be a loan thru a bank or a lawyer?

I presume you are referring to MagnaCarta Legal Services.

Are there advantages using a Thai govt bank?

What is source of this? Is this still valid, ie how old is this info?

Yes this is what I suspect too, but lawyer suggesting this, I am skeptical. They suggest only 3 months of banking records required for business, again I am very skeptical, dont trust lawyers.

Thank Lou According to my wife securing a loan easier if the loan is for a company. At present we dont have a company.

Any advantage to setting up a Thai company with my wife and family members as partners?

Thank you!

Presently have home with Thai wife, would like to use home as collateral for loan on a new property. Any info regarding this appreciated. Recommended banks! Is there a better forum where this would be more appropriate or more likely to get a response?