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Personal Loan Guarantor

secondspring · 2013-08-24 11:23:15

Hi, Recently declined a personal loan from BOI. I became self employed about 6 months ago which is the reason they cited for turning me down. I had asked if having a guarantor on the loan would help, but they say that facility is only open to student loans, and that my only other option would be a joint application with…

24-08-2013 11:23am

#1

secondspring

Registered Users, Registered Users 2 Posts: 68 ✭✭

Join Date: April 2010

Posts: 40

Hi,

Recently declined a personal loan from BOI. I became self employed about 6 months ago which is the reason they cited for turning me down.

I had asked if having a guarantor on the loan would help, but they say that facility is only open to student loans, and that my only other option would be a joint application with someone in receipt of a regular income from a company. Although my income is quite regular and is sufficient for the size of loan I'm looking for, its the fact it hasn't been coming in long enough as self employed. I didn't think having a guarantor was exclusive to student loans, so I'm wondering is this just BOI?

Would another bank be open to the idea of a guarantor on the loan?

Any advice would be appreciated

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