I've been denied entry to Thailand - Now What ! ?

[vincentc]

Looking for a financial institution willing to loan 1 to 1.5M THB. As guarantee we have Chanote for Condo in BKK area worth 5M and Chanote for Land worth 3M.

I am living in Bangkok, but self employed outside Thailand. Wife is Thai employee.

Where to go for this kind of business? We're getting zillions of junk mail/calls about credit facilities of all sorts, but these all seem geared towards Thais with Thai earned salaries.

thanks for your advice

[sandmike]

Try the banks, particularly the one where you have your normal account. Bank of Ayudhya worked for us a few years ago.

I might add that I work & live outside Thailand, my Thai wife lives with me, and the loan is in joint names.

Hope this helps

Mike

Edited July 31, 2011 by sandmike

[gregb]

My experience is any bank would jump at the opportunity to loan you 1.5 million on 8 million of real collateral. Your wife would get the loan with your offshore income acting as a rationalization for giving the loan.

SCIB did something very similar for us. As long as the bank feels there is little risk, they'll bend over backwards to take your money.

[Thailand]

Not unless you have a Thai wife, at least that was my experience a few years ago looking to raise 1.5mill short term (6 months) with chanote for land & house app value 10million.

The banks did not want to know, other countries I have been in the banks jump at the chance to get secured loans,it's very good business. But there you go. TIT

[vincentc]

Have tried SCIB today; since Wife has a car loan ongoing (11000 THB/month) she is not entitled to borrow more till that is repaid.

My foreign income is - understandably - of no importance to them but also, less understandable, the guarantees we can provide them also do nothing to them.

They want my in-laws (daddies government salary) involved in the deal, which i want to avoid.

1 down!

[skippybangkok]

One bank asked me to deposit in their bank the amount of cash I wanted to borrow - go figure !