Paul UK Posted July 22, 2019 Share Posted July 22, 2019 Hi My thai girlfriend works as a teacher near udon thani. She has worked as a teacher for 7 years, but is always on a 6 month contract. She earns 9000 baht/ month She has borrowed 20,000 baht from a 'friend' who is charging her 1000 baht a month interest (works out at 60% interest per year). I am trying to find her a bank that will lend her money, to repay the 20,000 baht loan, at a more realistic interest rate. Most banks i have looked at have minimum monthly earnings required of 15,000. Wondering if anyone on forum knows of anywhere that will loan her the money? Link to comment Share on other sites More sharing options...
canopus1969 Posted July 22, 2019 Share Posted July 22, 2019 GSB Link to comment Share on other sites More sharing options...
Paul UK Posted July 22, 2019 Author Share Posted July 22, 2019 Hi I looked at gsb site but as my girlfriend lives with her family, she doesnt own any assets such as a house, so cannot see an option on gsb site that would help her. Link to comment Share on other sites More sharing options...
Mikisteel Posted July 22, 2019 Share Posted July 22, 2019 Teacher earning 9k a month? 20k debt at 1k a month interest payment. I believe you have 1 voice telling you all this info and your western name and western brain is choosing to believe it. If your so bothered just front her the 20k and let's wait for the new chapter. Link to comment Share on other sites More sharing options...
473geo Posted July 22, 2019 Share Posted July 22, 2019 Sounds right on the button, wife of a farang loaned money, loved teachers, 5% just give her the 20k and let her pay you off 1k a month no interest Not a lot to lose if all goes pear shaped, and a big plus for you in trusting each other, if you stay together Link to comment Share on other sites More sharing options...
Inn Between Posted July 22, 2019 Share Posted July 22, 2019 The OP is clearly not a gold-digger. Link to comment Share on other sites More sharing options...
Berkshire Posted July 23, 2019 Share Posted July 23, 2019 21 hours ago, Paul UK said: She has borrowed 20,000 baht from a 'friend' who is charging her 1000 baht a month interest (works out at 60% interest per year). Why would a "friend" be charging her 1,000 bt interest a month on a 20k loan? Perhaps she made all this up to squeeze some money out of you. Go meet the friend and renegotiate the terms of the loan. If the friend won't budge, tell your GF to just not pay back the loan. Link to comment Share on other sites More sharing options...
jacko45k Posted July 23, 2019 Share Posted July 23, 2019 8 hours ago, 473geo said: Sounds right on the button, wife of a farang loaned money, loved teachers, 5% just give her the 20k and let her pay you off 1k a month no interest Not a lot to lose if all goes pear shaped, and a big plus for you in trusting each other, if you stay together Yes, best idea and saving some of her money. Although I would say 'loan her' not give her. If she fails, dump her. Link to comment Share on other sites More sharing options...
BritManToo Posted July 23, 2019 Share Posted July 23, 2019 21 hours ago, Paul UK said: She has borrowed 20,000 baht from a 'friend' who is charging her 1000 baht a month interest (works out at 60% interest per year). I am trying to find her a bank that will lend her money, to repay the 20,000 baht loan, at a more realistic interest rate. You're making a mistake. She doesn't want you to find her a bank, she wants you to pay off her loan. Pay up, or get dumped. Link to comment Share on other sites More sharing options...
jacko45k Posted July 23, 2019 Share Posted July 23, 2019 2 minutes ago, Berkshire said: Why would a "friend" be charging her 1,000 bt interest a month on a 20k loan? Perhaps she made all this up to squeeze some money out of you. Go meet the friend and renegotiate the terms of the loan. If the friend won't budge, tell your GF to just not pay back the loan. No, I believe it. And not paying back would result in problems. Link to comment Share on other sites More sharing options...
jacko45k Posted July 23, 2019 Share Posted July 23, 2019 1 minute ago, BritManToo said: Pay up, or get dumped. You know how it goes, pay once and it will happen again. Better get dumped now. Link to comment Share on other sites More sharing options...
kokesaat Posted July 23, 2019 Share Posted July 23, 2019 2 minutes ago, Berkshire said: Why would a "friend" be charging her 1,000 bt interest a month on a 20k loan? Perhaps she made all this up to squeeze some money out of you. Go meet the friend and renegotiate the terms of the loan. If the friend won't budge, tell your GF to just not pay back the loan. T.i.t. you borrow money in Thailand, you pay interest.....no matter from a bank, a loan shark, or a friend. That's how things work here. Link to comment Share on other sites More sharing options...
Berkshire Posted July 23, 2019 Share Posted July 23, 2019 3 minutes ago, jacko45k said: 6 minutes ago, Berkshire said: Why would a "friend" be charging her 1,000 bt interest a month on a 20k loan? Perhaps she made all this up to squeeze some money out of you. Go meet the friend and renegotiate the terms of the loan. If the friend won't budge, tell your GF to just not pay back the loan. No, I believe it. And not paying back would result in problems. That's the point I was trying to make. If she did take out a loan from someone, it was most likely from a loan shark and not a "friend." Link to comment Share on other sites More sharing options...
jacko45k Posted July 23, 2019 Share Posted July 23, 2019 1 minute ago, Berkshire said: That's the point I was trying to make. If she did take out a loan from someone, it was most likely from a loan shark and not a "friend." Well he/she might be both. My GF actually lent money to a friend under similar circumstances. It surprised me but in reality not so unusual. Sub-prime lending! Link to comment Share on other sites More sharing options...
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