Borrowing money from Japanese banks

P

Piccolo48

後輩

24 Oct 2008

1

0

• 25 Oct 2008

• #1

Hello, I neither reside in Japan nor have Japanese citizenship

I would however like to borrow money from Japanese banks because they often have low interest

How would I go about doing this? Thanks

 

Grandpa Frank

Sempai

Admin

Twenty-year veteran

21 May 2003

14,310

4,404

• 25 Oct 2008

• #2

Not sure if location makes a difference, but............

your flag says you are in the US but your computer IP says you are in the Philippines?? Most banks want some type of collateral they can get access to for security like a home or car to borrow against; or a job paycheck they can get their hands on. In todays world, borrowing money anywhere is difficult.

Uncle Frank



:?

 

Glenski

Just me

Twenty-year veteran

20 Aug 2003

4,910

416

• 25 Oct 2008

• #3

Perhaps the best way would be to move to Japan...?

 

P

pipokun

先輩

4 Feb 2005

2,559

46

• 25 Oct 2008

• #4

Sarakin
Sarakin - Wikipedia
Yamikinyu in Japan
Loan shark - Wikipedia

Click to expand...

Deeply consider the real interest rate before you dive into the Japan Sea.
My shallow question...
Could I borrow money from a US (or your country's) payday loan when I live in Japan? If not, where could I file a lawsuit against the terrible discrimination?

The shark chooses where prey lives, I imagine...

 

Mike Cash

骨も命も皆此の土地に埋めよう

Twenty-year veteran

15 Mar 2002

16,758

2,298

• 25 Oct 2008

• #5

Japanese banks pay low interest. They charge high interest.

And they're not going to make a loan like the OP is asking about anyway.

 

FrustratedDave

先輩

19 May 2007

1,716

113

• 26 Oct 2008

• #6

Piccolo48 said:

Hello, I neither reside in Japan nor have Japanese citizenship
I would however like to borrow money from Japanese banks because they often have low interest
How would I go about doing this? Thanks

Click to expand...

All I can say is good luck. But I would say that your chances are zero to none.

 

Mikawa Ossan

いかんわ！

Ten-year veteran Fifteen-year veteran Twenty-year veteran

17 Sep 2005

6,017

1,970

• 26 Oct 2008

• #7

Do you mean borrowing money from a branch office of a Japanese bank in your country? You'd almost certainly pay the same interest as you would anywhere else.

If you mean borrowing moeny from a Japanese branch office of a Japanese bank, I would give up if I were you. It's hard enough to borrow money from the bank for those of us who do reside in Japan, I can't imagine they'd even consider your application.

 

GaijinPunch

遠いから行きません

25 Nov 2004

1,275

34

• 27 Oct 2008

• #8

And they're not going to make a loan like the OP is asking about anyway.

Click to expand...

If the OP can transform himself into a large, well-known business, they probably will.

 

FrustratedDave

先輩

19 May 2007

1,716

113

• 27 Oct 2008

• #9

GaijinPunch said:

If the OP can transform himself into a large, well-known business, they probably will.

Click to expand...

Even then they are hesitant to loan money to (ﾋ?ｪ窶敕看?ﾃｩ窶ｹﾃ? ippannkigyou. You will have to have a lot of assets that could be used for security collateral. And it would most likely have to be in Japan. So I would say his chances are zero to none even if he resides in Japan.

 

Mike Cash

骨も命も皆此の土地に埋めよう

Twenty-year veteran

15 Mar 2002

16,758

2,298

• 27 Oct 2008

• #10

I think we're dealing with another drive-by poster here.