Tayida Posted April 15, 2014 Share Posted April 15, 2014 I have a good remunerate job,but the bank dont loan me that amount that is very important for me.Other way to get it? Link to comment Share on other sites More sharing options...
Tayida Posted April 15, 2014 Author Share Posted April 15, 2014 Obviously i mean 400.000 baht Link to comment Share on other sites More sharing options...
skyaslimit Posted April 15, 2014 Share Posted April 15, 2014 Obviously i mean 400.000 baht clarifiction please?Sent from my GT-S5360 using Thaivisa Connect Thailand mobile app Link to comment Share on other sites More sharing options...
lopburi3 Posted April 15, 2014 Share Posted April 15, 2014 If this is for a purchase perhaps you could arrange financing? I take it you are not Thai? In that case some asset would normally be required. If you are asking about the 400k marriage extension of stay requirement there is also a provision for 40k per month income you might be able to use. Link to comment Share on other sites More sharing options...
PattayaPhom Posted April 15, 2014 Share Posted April 15, 2014 Secured on your property 1.5% per month plus admin fee of 5 %, can have Link to comment Share on other sites More sharing options...
SheungWan Posted April 15, 2014 Share Posted April 15, 2014 You are a falang that lives in Thailand and you haven't got 400k in savings? What is the urgency for anyway? Link to comment Share on other sites More sharing options...
Tayida Posted April 17, 2014 Author Share Posted April 17, 2014 I would like to buy a land in the korat country. Sent from my i-mobile i-STYLE 7.5 using Thaivisa Connect Thailand mobile app Link to comment Share on other sites More sharing options...
transam Posted April 17, 2014 Share Posted April 17, 2014 You are a falang that lives in Thailand and you haven't got 400k in savings? What is the urgency for anyway? Wrong question........ Link to comment Share on other sites More sharing options...
mike123ca Posted April 17, 2014 Share Posted April 17, 2014 Is it not illegal for a bank to lend money for illegal activities such as having a foreigner purchase land? Link to comment Share on other sites More sharing options...
cooked Posted April 17, 2014 Share Posted April 17, 2014 Don't buy land. Sent from my GT-S7500 using Tapatalk 2 Link to comment Share on other sites More sharing options...
Tayida Posted April 17, 2014 Author Share Posted April 17, 2014 Dear mike123ca is illegal for a father to buy a land as a present to his son? Sent from my i-mobile i-STYLE 7.5 using Thaivisa Connect Thailand mobile app Link to comment Share on other sites More sharing options...
lopburi3 Posted April 18, 2014 Share Posted April 18, 2014 If you are a foreigner it could appear to a third party that you might be using son as a proxy owner for yourself so would not expect a bank to want to take a legal chance of that becoming an issue. Even for a Thai spouse to buy property when married to a foreign national requires signing paperwork that money used is not from foreigner. Expect a child could not sign such paperwork. Link to comment Share on other sites More sharing options...
Tayida Posted April 19, 2014 Author Share Posted April 19, 2014 Lopburi,I sorry,but I no understand.I no want use the name of my son for loan the amount.I want just know why thai bank are so hard to give a loan,when u gave job,condo as security. Sent from my i-mobile i-STYLE 7.5 using Thaivisa Connect Thailand mobile app Link to comment Share on other sites More sharing options...
umbanda Posted April 19, 2014 Share Posted April 19, 2014 If you need the money so bad, and if you own a car and/or a condo, the faster and easier way to get cash is refinancing by a private lending company. Sometimes you may get a property financing with 50% down payment. Link to comment Share on other sites More sharing options...
umbanda Posted April 19, 2014 Share Posted April 19, 2014 If you need the money so bad, and if you own a car and/or a condo, the faster and easier way to get cash is refinancing by a private lending company. Sometimes you may get a property financing with 50% down payment. Link to comment Share on other sites More sharing options...
umbanda Posted April 19, 2014 Share Posted April 19, 2014 If you need the money so bad, and if you own a car and/or a condo, the faster and easier way to get cash is refinancing by a private lending company. You may get a bank property financing with 50% down payment. Link to comment Share on other sites More sharing options...
Senechal Posted April 19, 2014 Share Posted April 19, 2014 Tayida, Thai banks are really not interested in condos as security. You might be interested to know, that Thai banks consider condos to be highly illiquid, and they do not value them at anywhere close to the market price. Thai banks know very well that condos in Thailand have historically questionable resale value. And they have no desire to spend months trying to liquidate your condo should you fail to pay. What matters are 1) Your ability to repay the loan. This is a factor of either liquid assets or provable reliable income. 2) The amount of legal authority that can be brought upon you to repay the loan. (As a foreigner, this is problematic for them) As a foreigner with minimal liquid assets you satisfy neither of those two requirements. And obviously, just because your son is Thai it doesn't mean that you are any more likely to repay the loan or that legal authority can be brought to bear on him to do so. It makes you a bad risk in their eyes. Link to comment Share on other sites More sharing options...
Tayida Posted April 19, 2014 Author Share Posted April 19, 2014 Thats what I want to know.someone knows a private lending company?Thank you Sent from my i-mobile i-STYLE 7.5 using Thaivisa Connect Thailand mobile app Link to comment Share on other sites More sharing options...
keemapoot Posted April 19, 2014 Share Posted April 19, 2014 This well known company's (MBK) subsidiary will lend foreigners money based on taking a lien on your condo: http://www.mbk-center.co.th/en/mbk-g/ Link to comment Share on other sites More sharing options...
SheungWan Posted April 19, 2014 Share Posted April 19, 2014 Dear mike123ca is illegal for a father to buy a land as a present to his son? Sent from my i-mobile i-STYLE 7.5 using Thaivisa Connect Thailand mobile app The son would not be the legal owner, it would be his legal guardian and since a falang cannot own land (and certainly cannot use the son as a legal work-around to avoid the law) the ownership should default to the mother. If 400k was chump change cash to one's assets then maybe one might want to take on the risk, but to borrow money in order to do so should ring alarm bells as to the ratio of risk assets to one's total wealth, but in circumstances such as these the golden rule is that people listen and then do exactly what they were planning to do anyway. That is the falang in Thailand way. Link to comment Share on other sites More sharing options...
Tayida Posted April 20, 2014 Author Share Posted April 20, 2014 Noone knows a private from I can lend that amount? Sent from my i-mobile i-STYLE 7.5 using Thaivisa Connect Thailand mobile app Link to comment Share on other sites More sharing options...
Langsuan Man Posted April 20, 2014 Share Posted April 20, 2014 I am sure that your neighbors would know of a loan shark but why in the world you would consider that route is beyond me Link to comment Share on other sites More sharing options...
Tayida Posted April 20, 2014 Author Share Posted April 20, 2014 Let me know some loan and I will figure out Sent from my i-mobile i-STYLE 7.5 using Thaivisa Connect Thailand mobile app Link to comment Share on other sites More sharing options...
Neeranam Posted April 20, 2014 Share Posted April 20, 2014 A friend of mine had 2 million baht in the bank and asked for a 400,000 baht loan to buy some furniture. The bank refused saying they didn't understand why. My friend immediately closed his account. However the bank lent me 2,500,000 and I only had 40,000 in my account! Link to comment Share on other sites More sharing options...
luckyluke Posted April 20, 2014 Share Posted April 20, 2014 Shark loan can go to 1%.... a day. Link to comment Share on other sites More sharing options...
Tayida Posted April 20, 2014 Author Share Posted April 20, 2014 Did someone knows about private loans? Sent from my i-mobile i-STYLE 7.5 using Thaivisa Connect Thailand mobile app Link to comment Share on other sites More sharing options...
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