How to get a Loan for Farangs in Thailand
Foreigners living in Thailand now have an alternative way to get loans in Thailand. Knightsbridge Law is now offering financing to selected foreigners.
This appears to be an extremely notable development in Thailand, where previously financing was nearly impossible to obtain for expats.
Loans from THB200,000 to THB20 million are being offered with monthly payments to all foreigners – including non-residents.
The company says no income or work permit is required to obtain a loan, but the property must be in prime locations of Bangkok, Hua Hin, Cha Am, Pattaya, Samui or Phuket, according to Shayne Heffernan Senior Partner Knightsbridge Law Co, Ltd.
Knightsbridge Law is also offering mortgages in order to refinance properties. With the mortgage financing, credit is based on the value of the property not cash flow from a business. All types of properties will be accepted; including land banks, SDH, villas, and leasehold properties will be eligible.
Interest rate will be set at roughly 12 per cent floating. Tenor is up to three years and principal payment is not required during loan period.
Conditions apply to both of these financial services that have yet to be revealed.
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Heffernan Capital Management
Business Development Director – Private Client Group,
3 Raffles Place #07-01
Bharat Building Singapore 048617
Tel: +65 6329 6408
Fax: +65 6329 9699
Shayne Heffernan Ph.D.
Economist/Hedge Fund Manager
Shayne Heffernan oversees the management of funds for institutions and high net worth individuals. He is also an active consultant working with Corporations around the World.
He is recognized as one of the leading Economists in South East Asia, as well as the preeminent authority on ASEAN. His opinions and forecasts are widely read by decision makers in the region and Internationally.
Shayne Heffernan holds a Ph.D. in Economics and brings with him over 25 years of trading experience in Asia and hands on experience in Venture Capital, he has been involved in several start ups that have seen market capitalization over $500m and 1 that reached a peak of $15b. He has managed and overseen start ups in Mining, Shipping, Technology and Financial Services.
Chinese Society of Economists
American Economic Society
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