Bank Loan

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Old Apr 26th 2008, 3:07 pm
  #1  
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Default Bank Loan

Once I have my work visa and opened a bank account and have a letter from my employer stating what my salary is, is it possible to obtain a loan straight away or is there any red tape I should be aware of?

Do the banks take a while to process applications or do they generally throw money at you?

Also, when opening an account do they generally come with a credit card or do you have to apply?

Thanks in anticipation.
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Old Apr 26th 2008, 3:09 pm
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Default Re: Bank Loan

Which company do work for? Is it a multi-national/large local company?
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Old Apr 26th 2008, 3:11 pm
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Default Re: Bank Loan

Yes I will be joining the real estate company Asteco in July.
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Old Apr 26th 2008, 4:18 pm
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Default Re: Bank Loan

OK - Let me check tomorrow and let you know what banks are offering.
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Old Apr 26th 2008, 6:03 pm
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Default Re: Bank Loan

ok thanks - do you work for a bank?
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Old Apr 26th 2008, 6:09 pm
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Default Re: Bank Loan

Originally Posted by mais91
Once I have my work visa and opened a bank account and have a letter from my employer stating what my salary is, is it possible to obtain a loan straight away or is there any red tape I should be aware of?

Do the banks take a while to process applications or do they generally throw money at you?

Also, when opening an account do they generally come with a credit card or do you have to apply?

Thanks in anticipation.
In essence once your first salary goes in backing up the letter from your company you will in most cases get a bank loan in line with your salary
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Old Apr 26th 2008, 6:10 pm
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Default Re: Bank Loan

so if im getting 45,000 per month what would that get me?
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Old Apr 26th 2008, 6:11 pm
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Default Re: Bank Loan

Originally Posted by mais91
so if im getting 45,000 per month what would that get me?
10 million dollars...In coins...
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Old Apr 26th 2008, 6:20 pm
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Default Re: Bank Loan

im going to have to borrow for rental - the company is putting me up for a month so want to be sure I can sort a loan relatively quickly - can someone assure me this is possible?
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Old Apr 26th 2008, 6:28 pm
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Default Re: Bank Loan

Originally Posted by mais91
im going to have to borrow for rental - the company is putting me up for a month so want to be sure I can sort a loan relatively quickly - can someone assure me this is possible?
If the company is listed you might get between 10 to 15 times your salary...Maybe more...Ask which bank your company is listed in and ask who to call for the loan...Should be easy...
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Old Apr 26th 2008, 6:31 pm
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Default Re: Bank Loan

so once my first wage goes in the bank do you think it could be sorted in a few days? cheers
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Old Apr 26th 2008, 6:31 pm
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Default Re: Bank Loan

Originally Posted by mais91
so once my first wage goes in the bank do you think it could be sorted in a few days? cheers
Correctomundo...Cheers it is...
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Old Apr 26th 2008, 6:33 pm
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Default Re: Bank Loan

thanks mate - much appreciated
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Old Apr 26th 2008, 6:34 pm
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Default Re: Bank Loan

Originally Posted by mais91
thanks mate - much appreciated
Remember me when you become a real estate tycoon in 3 years...
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Old Apr 26th 2008, 6:36 pm
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Default Re: Bank Loan

I'll drink to that...cheers
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