barkly313 Posted January 8, 2009 Share Posted January 8, 2009 Anyone know of a Thai asset refinancing company that would provide finance secured against Thai property? What conditions would need to be met if this were possible? Link to comment Share on other sites More sharing options...
ignis Posted January 8, 2009 Share Posted January 8, 2009 ?? http://www.tmbbank.com/TMBBank/TMBpersonal...Finance_en.html Link to comment Share on other sites More sharing options...
InSiSongkram Posted January 8, 2009 Share Posted January 8, 2009 (edited) A valuation of your property by the bank then if all requirements are in order the original land paper will be held by the land department until the loan is paid off in full. Edited January 8, 2009 by InSiSongkram Link to comment Share on other sites More sharing options...
barkly313 Posted January 8, 2009 Author Share Posted January 8, 2009 ??http://www.tmbbank.com/TMBBank/TMBpersonal...Finance_en.html Thanks...though I note they need a salary slip or income statement...I am retired but I have businesses registered in my Thai wifes name so guess I can use those. Will make some enquiries with TMB and see how I go! Link to comment Share on other sites More sharing options...
InSiSongkram Posted January 8, 2009 Share Posted January 8, 2009 ??http://www.tmbbank.com/TMBBank/TMBpersonal...Finance_en.html Thanks...though I note they need a salary slip or income statement...I am retired but I have businesses registered in my Thai wifes name so guess I can use those. Will make some enquiries with TMB and see how I go! Give Kasikorn a try also they don`t always need proof of earnings etc depending how healthy your deposits have been over recent times. Link to comment Share on other sites More sharing options...
barkly313 Posted January 8, 2009 Author Share Posted January 8, 2009 A valuation of your property by the bank then if all requirements are in order the original land paper will be held by the land department until the loan is paid off in full. Thanks again...they're actually condo chanotes all in my name, but as they are all owned outright by me I can use one to arrange the finance. Just maybe technicalities on whether my wife or I apply for the loan and income from her business, but should be ok as a joint application maybe. Link to comment Share on other sites More sharing options...
jimmybkk Posted January 8, 2009 Share Posted January 8, 2009 If you're desperate and going down the bank route fails, there are quite a few individuals/small businesses out there that will offer a loan against assets. Not actually as dodgy and back-street as it sounds - lawyers get involved and it's a legally recognized agreement. Typically they will charge around 18% p.a. I believe. All interest paid up front. Not ideal, but like I said, if you're desperate... Link to comment Share on other sites More sharing options...
.png.3b3332cc2256ad0edbc2fe9404feeef0.png)
.thumb.jpg.a649cacedeeccbc218adc073bf668ef2.jpg)
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now