waxpro Posted December 15, 2018 Share Posted December 15, 2018 the last day was talking with a friend he asked me about taking some loan from a bank, I did online search about taking loan from banks, and found that he must provide salary slips for the past 3 months, bank statement and other requirements, was I told him, went in deep and long laugh, then commented, if I have a job and salary, why I need to take loan or borrow money from them? he is unemployed currently, has 4 kids, 3 of them at school, his Thai wife just a housewife, he is looking to borrow an amount of 50k - 100k thb. and pay it back on monthly installments as he explained that he was trying some biz venture and spent his savings, but still need some more push up, as he looking for some job now to help out the family situation, but there is an urgent need for cash to pay for his kids school and other daily needs, is there any idea or suggestions to help him find out a solution to this situation? Link to comment Share on other sites More sharing options...
Popular Post Kwasaki Posted December 15, 2018 Popular Post Share Posted December 15, 2018 Sounds like his working on you to con you into lending him money, his got 2 hopes Bob Hope & No hope. 7 2 Link to comment Share on other sites More sharing options...
swissie Posted December 15, 2018 Share Posted December 15, 2018 Banks grant loans to Thais if they can prove gainful employement. For Farangs, the requirements are much higher (Work track record for 2 years plus work permit as a minimum.) Unless your friend can put up some security (a newer debt free car, for example), the chances of him getting a loan from a Thai Bank are practically zero. Unless your friend finds a job soon, he may end up in the fangs of some loansharks. Then it's stricty "good night". Overall, your friends future in Thailand does not look very promising. 2 Link to comment Share on other sites More sharing options...
hello55060 Posted December 15, 2018 Share Posted December 15, 2018 Tell him to take some assets and go to the pawn shop, surely he has some assets of some kind if he got a wife or some gold he's bought her? The gouv pawn shops charge like 0.5% per month or something ridiculously low and it's a 6-month contract iirc. Thai gold holds 90% of its value pretty much. Watches, electronics etc. yes you will get a rubbish price and less than half, but it's just a loan he wants and he has to pay peanuts interest on it and will get it back after. 2 Link to comment Share on other sites More sharing options...
Popular Post neeray Posted December 15, 2018 Popular Post Share Posted December 15, 2018 I agree, chances of a bank loan for your unemployed, stretched-out friend are negligible (or worse). Maybe best to return to the home country for a while, live dirt cheap, earn some dollars and come back with farang cash in hand. And I suggest that he takes a mighty hard critical look at his business venture. He might just be spinning his wheels (same as pissing into the wind or, throwing good money after bad). (been there, done that) 3 Link to comment Share on other sites More sharing options...
Carlosm Posted December 16, 2018 Share Posted December 16, 2018 I have a house worth 12 mil baht (provable). Went to Bangkok bank and asked for a 1 mil baht loan using my house as collateral. Asked if i was working ? replied no but i've the house as collateral, sorry, not working no loan. Couldn't believe it, its how banks make money but, ho hum, TIT ! 2 Link to comment Share on other sites More sharing options...
Popular Post KKr Posted December 16, 2018 Popular Post Share Posted December 16, 2018 (edited) 54 minutes ago, Carlosm said: I have a house worth 12 mil baht (provable). Went to Bangkok bank and asked for a 1 mil baht loan using my house as collateral. Asked if i was working ? replied no but i've the house as collateral, sorry, not working no loan. Couldn't believe it, its how banks make money but, ho hum, TIT ! quite logical really, if you do not have income the Bank will have to evict you and auction the house off. Rather costly exercise, so no logical reason to enter such transaction. Try a loan-shark, they will give you the money yesterday provided you give them a lean on the house. But be prepared to rent somewhere else in three months time. Edited December 16, 2018 by KKr 3 2 Link to comment Share on other sites More sharing options...
Popular Post jimn Posted December 16, 2018 Popular Post Share Posted December 16, 2018 1 hour ago, Carlosm said: I have a house worth 12 mil baht (provable). Went to Bangkok bank and asked for a 1 mil baht loan using my house as collateral. Asked if i was working ? replied no but i've the house as collateral, sorry, not working no loan. Couldn't believe it, its how banks make money but, ho hum, TIT ! Probably because you dont own the house. Either your Thai partner does or your company does, but not you. 4 Link to comment Share on other sites More sharing options...
kevin612 Posted December 16, 2018 Share Posted December 16, 2018 Just don’t do it, especially in a foreign country Link to comment Share on other sites More sharing options...
KKr Posted December 16, 2018 Share Posted December 16, 2018 1 hour ago, kevin612 said: Just don’t do it, especially in a foreign country then I might just as well stay in a place that has an icy and white x-mas for fun 1 Link to comment Share on other sites More sharing options...
1FinickyOne Posted December 16, 2018 Share Posted December 16, 2018 I don't know but people ask me all the time... Link to comment Share on other sites More sharing options...
GreasyFingers Posted December 16, 2018 Share Posted December 16, 2018 3 hours ago, jimn said: Probably because you dont own the house. Either your Thai partner does or your company does, but not you. They will not lend to his wife for the same reason. No work, no loan. Link to comment Share on other sites More sharing options...
BritManToo Posted December 16, 2018 Share Posted December 16, 2018 18 hours ago, waxpro said: is there any idea or suggestions Cut all contact with him, find a new friend. Link to comment Share on other sites More sharing options...
BritManToo Posted December 16, 2018 Share Posted December 16, 2018 6 hours ago, Carlosm said: I have a house worth 12 mil baht (provable). If you are not a Thai national, you will not be owning a house in Thailand, so they won't loan you money on the house you don't own. Link to comment Share on other sites More sharing options...
Carlosm Posted December 18, 2018 Share Posted December 18, 2018 <deleted> ... my wife owns it and we went to the bank using the house to get the loan.... Link to comment Share on other sites More sharing options...
waxpro Posted December 20, 2018 Author Share Posted December 20, 2018 Well, thanks for this sharing,,,, so, in such case, he just go suicide or what to do??? no mercy in this world? no humanity? no one has little sympathy to consider this is just a temporary tight situation? but, he could manage to get money and support his family,, regardless where to come from, he will be a respectful person as long as his wallet is full?? this guys was driving luxurious car, living in comfortable condition just a couple of years ago, but unexpected biz venture set him on floor with zero distance. in fact, such experience opened my eyes widely.. this could happen to anyone of us, if we can't help friends or give hand to people when they are total broke? when possible to be or show our human kind nature? Was nice to learn and see the ugliest side of this savage materialistic world that we live in. Link to comment Share on other sites More sharing options...
mogandave Posted December 21, 2018 Share Posted December 21, 2018 (edited) 15 hours ago, waxpro said: Well, thanks for this sharing,,,, so, in such case, he just go suicide or what to do??? no mercy in this world? no humanity? no one has little sympathy to consider this is just a temporary tight situation? but, he could manage to get money and support his family,, regardless where to come from, he will be a respectful person as long as his wallet is full?? this guys was driving luxurious car, living in comfortable condition just a couple of years ago, but unexpected biz venture set him on floor with zero distance. in fact, such experience opened my eyes widely.. this could happen to anyone of us, if we can't help friends or give hand to people when they are total broke? when possible to be or show our human kind nature? Was nice to learn and see the ugliest side of this savage materialistic world that we live in. 14 He's your friend, and he only needs 50K, why don't you loan him the money? He has a wife and child and chose to drive a luxurious car rather than save money to feed his family, not very smart. The government will give him money each month for his kids, and he can go to a church or temple and get help from them as well. Seems like there is plenty of work around. If I had a friend that needed 50K to get through a tough spot, I would give him the money. Edited December 21, 2018 by mogandave Link to comment Share on other sites More sharing options...
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