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Advice on securing a loan...

  • 07-10-2008 10:34AM
    #1
    Bass Cadet
    Registered Users, Registered Users 2 Posts: 719 ✭✭✭


    Not sure if this is the right forum and might sound like a very silly question in the current climate but are banks still giving out personal/student loans amid this massive crisis? Hoping to secure a loan to go back to college next spring (in the region of €20k). Hoping to do a masters in the states. Credit history is sound, etc. Am I wasting my time?


Comments

  • #2
    Run_to_da_hills
    Closed Accounts Posts: 20,009 ✭✭✭✭Run_to_da_hills


    Have you anyone to go guarantor on the loan? EG old man or family member with deeds of a property?

    They will be getting very strict on this, the days of walking in to a bank manager pulling a few strings are gone.

    You would probably have a better chance approaching a credit union.


  • #3
    uberwolf
    Registered Users, Registered Users 2 Posts: 7,581 ✭✭✭uberwolf


    NIB advertising this heavily at the moment

    http://www.nationalirishbank.ie/students


  • #4
    Bass Cadet
    Registered Users, Registered Users 2 Posts: 719 ✭✭✭Bass Cadet


    Run_to_da_hills wrote: »
    Have you anyone to go guarantor on the loan? EG old man or family member with deeds of a property?

    They will be getting very strict on this, the days of walking in to a bank manager pulling a few strings are gone.

    You would probably have a better chance approaching a credit union.

    I have a mortgage and own 45% of the property myself...I presume this would suffice? I suppose, just really need to apply and see what comes back, just hope it isn't a waste of time.

    Uberwolf...thanks for that link, i'll check it out


  • #5
    Run_to_da_hills
    Closed Accounts Posts: 20,009 ✭✭✭✭Run_to_da_hills


    Bass Cadet wrote: »
    I have a mortgage and own 45% of the property myself...I presume this would suffice? I suppose, just really need to apply and see what comes back, just hope it isn't a waste of time.

    Uberwolf...thanks for that link, i'll check it out
    That should be no probs since you own 45% of the property. It is worse for those that are in rentals without any assets to secure their loan.


  • #6
    Time Magazine
    Registered Users, Registered Users 2 Posts: 8,452 ✭✭✭Time Magazine


    Moved from Economics.


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  • #7
    stepbar
    Closed Accounts Posts: 6,123 ✭✭✭stepbar


    Bass Cadet wrote: »
    Not sure if this is the right forum and might sound like a very silly question in the current climate but are banks still giving out personal/student loans amid this massive crisis? Hoping to secure a loan to go back to college next spring (in the region of €20k). Hoping to do a masters in the states. Credit history is sound, etc. Am I wasting my time?

    You need a guarentor. Simple as.


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