Most financial institutions in Thailand provide loans for real estate purchases to local Thais and Thai companies and the situation is getting increasingly better for foreigners, as well. From what I have heard from friends you can get the visa company to front you the money you need while they get you a visa. Yes that was BS and could have been influenced by somebody. By It should be noted that there are strict terms to be met in order to receive financing, which does limit a foreigner’s access, but this is nonetheless a positive shift in policy. Borrow money to buy a car: No problems at all if you have history. Powered by Invision Community, Subscribe to the daily ThaiVisa newsletter to receive, Jobs, economy, banking, business, investments, Business in Thailand, Jobs in Thailand, Insurance, Are you in Thailand and feeling low? This can be a relative or friend but they need to be aware of the situation and what happens if the foreigner defaults on the loan. The earlier you start saving and investing, the wealthier you will be. Financial statements or copies of savings/ fixed/ current accounts for the past 6 months. They were all working full time for several years,  decent salary (70k/month appears to be minimum accepted), already had a good credit history (from credit cards), so if you are in a stable position it is definitely possible. I would think a finance company would indeed accept his car as collateral on a personal loan. Convenient with “Car4Cash Delivery” service to your home or office. I read the OP  as he wants wants to use his car (that he already owns) as collateral to get a loan for an upcoming Visa requirement.....and not get a loan to buy/finance a car. For the first car a foreigner buys they will need a Thai guarantor. I'd ask a few banks before thinking it was impossible. through the channel of their nationwide dealers. 20), A copy of list of shareholder’s name (Form Bor.Oor.Jor 5), 3 copies of ID card and house registration of all authorized directors (For company limited), A copy of ID card and house registration of each shareholder who holds over 25% shares of the company limited, 3 copies of ID card and house registration of guarantor, A copy of salary certificate or salary slip (of the most recent month). Is it legally allowed and also, the visa company will put money in your name without any collateral, for just a fat fee, and i presume they take back the money the instant visa is issued? I am sure there are folks on here who would know the specifics.

The service is for any individual and juristic person who wants to buy a new or used car as well as the borrower who wants to re-finance his own car or to take loan against the car’s title. Car maintenance costs (depending on your car’s make and age, this can cost between 2000 to 30,000 THB) Red license plate deposit for new cars only (around 2500 THB – refundable) The Process of Buying a Car. Krungsri SME believers in Thai SMEs. Anthony: Does that count for one hundred or two hundred baht? kraxlhuber, November 27, 2016 in Jobs, economy, banking, business, investments.

My wife told me that it is impossible in Thailand for  a foreigner to get  a loan on his  car in Thailand from a financing company? Terms and conditions of the loan are subjected to the Company’s credit approval criteria. Need someone to talk to? I use a visa company to help me with the monetary requirements for my retirement visa. With loan amounts stretching between THB 500,000 – 50 million, UOB has become a well-known name in Thailand’s loan market. How can foreigner get a bank loan in Thailand? All issued within 24 hours after applying and Thai guarantee was always one or another BG that just happened to be around. Interest rates were fine and no hassle on the paperwork. Applicant or hirer who is juristic person that is registered and operated its business in Thailand like a public company limited, private company limited, partnership. Yes, with Thai guarantee should be no problem and I've been offered it without guarantee too. Interests are at max of what is legally allowed of course and fixed costs are not low as they don't want people who just borrow little. 3 copies of ID card or/Government employee identification card or/State enterprise employee identification card, A copy of salary certificate (of the most recent month), A copy of the last 6 month bank statements, 3 copies of certificate of incorporation (with issued date less than 3 months), A copy of VAT registration certificate (Form Phor.Phor. Napa Valley wineries menaced by wildfire, as second California blaze kills three, EU won't accept Britain going back on Brexit deal, Germany's Roth says - magazine, Thai PM wants all tourists to wear wristbands - we're not opening the floodgates, Thai hotel seeks deal with guest facing jail over bad reviews. With the team of professionals and experts in providing hire purchase services for both new and used car, the Company is able to provide prompt services with fast approval process in order to respond to and satisfy customer needs. I understand getting a car loan from local finance company is very difficult, at best. This website has stored your cookies to encourage your more better experience. By Salary slip or letter of employment and salary certification dated not exceeding 2 months. Just bring the book and go to "money stuck to the wheels" they will be happy to rip you off by giving you money, after they have transferred the car to their company name.

Visa amnesty expected to be extended to 31 October, Extension to stay based on marriage application window, New Extension Of Amnesty To October 31st Now In The Royal Gazette, EU launches legal case against UK over Internal Market Bill. Simply use your car and the original car registration to apply for Car4Cash. The service is for any individual and juristic person who wants to buy a new or used car as well as the borrower who wants to re-finance his own car or to take loan against the car’s title. The sales person said I had to have lived here for five years. Cash payment at pay points at Tesco Lotus nationwide and, post offices nationwide with PAY AT POST signs. Applicant must be 20 years of age as of the contract date and owns a car. 1), microbus & passenger van with more than 7 passengers (Ror.Yor. If I would get 100 Baht for every foreigner that has his car financed in Thailand in his name, I would be a rich man.

But I now see your last line. Copy of savings/fixed/current accounts for the past 6 months. What are my options? I think that mean you already have a car, and want to borrow on it? I need  some money for my upcoming visa requirement.

Your car will be with you the entire loan period. 3. I believe this was total BS, but I was a bit new at the time. Started December 4, 2018, Copyright 2002 - 2020 Thaivisa.com Two copies of company/business certificate of registration (current version). The time you have been here is very important, I was declined for even a basic Standard Chartered credit card because I only worked here 2 years. If you are working in Thailand, living in Thailand and running your own business there or if you wish to make investments in Thailand and need to get a bank loan from a local bank, then there are some prerequisites that you should know about. In case of foreigner, the applicant is required to submit the copy of passport ID and work permit which is valid over 3 months and has the remaining validity over 6 months. Whats the business model for yr average 'Pole dancing' club?

What was unheard of some time ago is now becoming a norm and foreigners are provided some (albeit limited) access to … anyone Can tell me amnesty until November 30 news is real. I never worked a day in my life in Thailand, actually not much more in the west either :-), but I have had 3 car finances in the past. :)   Several consecutive work permits and decent salary is what is needed, emphasis on the several rather than good salary.

Bank of Ayudhya (No payment fee is charged), Bangkok Bank, Kasikorn Bank, Siam Commercial Bank, and Krungthai Bank branches nationwide where payment fee is applicable as stipulated by each ban. If I would get 100 Baht for every foreigner that has his car financed in Thailand in his name, I would be a rich man. 3). I don't work in Thailand but I go through it often enough to consider buying a car and keeping it with my girlfriend . Probably a half dozen loan sharks in his area would do the same except the interest rate would be HIGH and failure to pay on time can incur frequent, unpleasant visits by angry people. Copy of ID card and house registration of signatory directors / business owners. In most cases, it is actually pretty simple to buy a car in Thailand, especially when no car financing plans are involved. Foreigners are required to submit passport and work permit issued for a period of more than 3 months and remain valid for more than 6 months. That's another story of course, Should be no problem at all if the car really is in your name = no loans. 2. At Krungsri, we continue with our mission to Make Life Simple, Just believe you can win, and you will win.

I was offered loans at both Toyota and Ford without Thai guarantee within the same day. We support you and your business in the sustainable way.

The truck was in my name and at the time I did not have a work permit. For the purchase of all cars thereafter and where the loan is through the same source, a guarantor is not needed.

There are two options available to foreigners: Finance from local financial institutions (banks) International home loan schemes for Thailand; I haven't had a problem. Applicant or hirer must have a Thai nationality only. ATMs and online system of Krungsri, Kasikorn Bank, Siam Commercial Bank, and Krungthai Bank where payment fee is applicable as stipulated by each bank, 5. 2) and van & pick-up truck (Ror.Yor. Remark: To get the Krungsri Auto direct debit form or further information, please contact Krungsri Auto Center at Tel: 1572*6. This topic is now archived and is closed to further replies. For more information regarding the documents needed when applying for a loan, I recommend you to visit UOB’s website directly. By continuing to use the website, you are obliged to accept the rules and regulations for us to place cookies on your computer. Jonathan Fairfield Simply use your car and the original car registration to apply for Car4Cash. Isuzu refused to register a vehicle in my name even when I paid cash. If you're that short of money that you can't even pay for a visa I would sell the car asap. Hi, I know several people that have got finance on cars and motorcycles in Thailand. Copy of first page of account for money transfer. Your car will be with you the entire loan period. Help is at hand. Applicant or hirer must be 20-60 years old on the contract date.


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