I was looking for a car loan. I was going to put 25% down on a new Yaris, Vois or Jazz. I went to Thanachart Bank since I was told they were among the better places for auto financing. I gave the loan officer my contract (I'm a teacher at a university) and my work permit. She left for a while. When she returned she said everything was great but they do not give loans to people over 60. Has anybody had this experience?

Thanks.

Tony

If you have plenty of collateral, I can give you the name of a money lender here in Burriram that lends at 5% a month.

If you have plenty of collateral, I can give you the name of a money lender here in Burriram that lends at 5% a month.

And I thought front-loading all the interest was bad.

I was looking for a car loan. I was going to put 25% down on a new Yaris, Vois or Jazz. I went to Thanachart Bank since I was told they were among the better places for auto financing. I gave the loan officer my contract (I'm a teacher at a university) and my work permit. She left for a while. When she returned she said everything was great but they do not give loans to people over 60. Has anybody had this experience?

Thanks.

Tony

As i understand it though, don't they usually require a bigger deposit for foreigners? Something in the region of 50 %. As for not accepting people over 60, have never heard of that. What period of repayment were you looking at?

I was looking for a car loan. I was going to put 25% down on a new Yaris, Vois or Jazz. I went to Thanachart Bank since I was told they were among the better places for auto financing. I gave the loan officer my contract (I'm a teacher at a university) and my work permit. She left for a while. When she returned she said everything was great but they do not give loans to people over 60. Has anybody had this experience?

Thanks.

Tony

As i understand it though, don't they usually require a bigger deposit for foreigners? Something in the region of 50 %. As for not accepting people over 60, have never heard of that. What period of repayment were you looking at?

Canada's Bank of Nova Scotia has acquired 49% of Thanachart. Best to give Scotia's Bank in Bkk a phone call and inquiry as to age discrimination: age discrimination is a big No-No in Canada.

I think it depends on the repayment period, they don't want to risk lending to older people in case they don't get their cash for health or other reasons. I was told the same by a friend who was getting a mortgage from BKK bank (he was Thai too).

I know someone over 60 whos just been given a loan last week, not sure which finance company though..

Aslong as you put down a min. of 50% most finance companies will happily accept it.

I was looking for a car loan. I was going to put 25% down on a new Yaris, Vois or Jazz. I went to Thanachart Bank since I was told they were among the better places for auto financing. I gave the loan officer my contract (I'm a teacher at a university) and my work permit. She left for a while. When she returned she said everything was great but they do not give loans to people over 60. Has anybody had this experience?

Thanks.

Tony

As i understand it though, don't they usually require a bigger deposit for foreigners? Something in the region of 50 %. As for not accepting people over 60, have never heard of that. What period of repayment were you looking at?

Canada's Bank of Nova Scotia has acquired 49% of Thanachart. Best to give Scotia's Bank in Bkk a phone call and inquiry as to age discrimination: age discrimination is a big No-No in Canada.

Hey Toto....the OP is not in Canada...he is in Thailand and Scotia Bank only has a minority stake...therefore unable to set policy

At the end of the day, a bank, or any financial institution can set what ever criteria they want, after all its "their" money they are loaning out....