tcris52 Posted March 12, 2009 Share Posted March 12, 2009 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 Link to comment Share on other sites More sharing options...
Magoomba Posted March 12, 2009 Share Posted March 12, 2009 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. Link to comment Share on other sites More sharing options...
tcris52 Posted March 12, 2009 Author Share Posted March 12, 2009 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. Link to comment Share on other sites More sharing options...
rixalex Posted March 13, 2009 Share Posted March 13, 2009 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? Link to comment Share on other sites More sharing options...
jingjoke Posted March 14, 2009 Share Posted March 14, 2009 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. Link to comment Share on other sites More sharing options...
TexasRanger Posted March 14, 2009 Share Posted March 14, 2009 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). Link to comment Share on other sites More sharing options...
TopDogger Posted March 16, 2009 Share Posted March 16, 2009 I know someone over 60 whos just been given a loan last week, not sure which finance company though.. Link to comment Share on other sites More sharing options...
Fun2Fun Posted March 16, 2009 Share Posted March 16, 2009 Aslong as you put down a min. of 50% most finance companies will happily accept it. Link to comment Share on other sites More sharing options...
Soutpeel Posted March 17, 2009 Share Posted March 17, 2009 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.... Link to comment Share on other sites More sharing options...
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