I’ve been trying to get a personal loan recently and my understanding is now that foreigners are legally not permitted to receive personal loans here (this may not be correct it’s just what many repeated to me).
It doesn’t matter if you are a resident or not or if Taiwanese will act as guarantor.
I believe the only loans that they will permit are house loans (for purchasing houses in Taiwan only ) or company backed loans where the foreigner has opened a company here in Taiwan.
This is extremely frustrating given my own bank can’t give me a personal loan and I hold a significant amount of money there , my salary goes in there for years , I have a credit card from them and I work for a stable international company and they know my credit history.
The two categories that seem to be easiest to access personal loans are government workers and employees of listed companies in Taiwan .
Any foreign residents here have any success in getting personal loans here other than housing loans or company backed loans ?
By the way my spouse can even put up some collateral but it seems to make absolutely no difference due to the law or their present stance towards loans to foreigners.