Quote:
Originally Posted by hendri2
Banks are not allowed to give property loan or car loan to foreigners...what are the scams ?
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Ok this one need to type very long
Yes KPR is a process of housing loan.
There are many foreigners buying houses using their Wife/GF/Mistress's name. And most of these ladies are unemploy.
Base on what to take loan from Bank.
Bo tai bo chi bank give 650juta loan
KPR normally is 10-15years
650juta 15years installment will be around payment of 1m+.
So property agent will normally recommend a person so call "orang legal". He should be handling all necessary docuements and liaise with the bank loan department. The type of ppl usually have friend working in the bank. He will make up the 12 months payslip, employment letter, and even a "real" company position during the bank survey the "working place". All these is formality that need to submit to bank while taking loan and even the bank personal knew thats all faked. The loan will still be approved. Thats the duty of this "orang legal", of course buyer will need to pay him a fee.
Thats alright, coz he will do everything, buyer just sit song song wait for loan to approve.
What i mean scam is some so call "orang legal" who dont have connection with bank, but pretend to be have many contact with bank.
Asking for upfront full payment of the fee, and claim if loan not successful, will refund 80% of the fee. In the end just pass the buyer some print out salary slip, an employment letter but say he tried his best, too bad bank not approved and he go missing.
This could cause buyer to lose alot, coz before KPR, buyer need to pay a booking fee for the house. If KPR didnt get thru, buyer lose the "orang legal" fee and also the house booking fee. No refund on that.
Some agent will say yes at first, will refund if KPR not successful. But dont dream, the money wont be refunded.