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Lack of blood relative GEM loan?

  • 18-10-2019 11:13am
    #1
    somebodylikeme
    Registered Users, Registered Users 2 Posts: 19 ✭


    Hello,

    Just wondering if anyone has successfully secured a loan for GEM fees (UCD) without having a blood relative as a guarantor?

    Unfortunately this is not an option for me as it is just my partner and myself.

    Just looking to hear other people's experience of this!

    Thanks!


Comments

  • #2
    arainagusime
    Registered Users, Registered Users 2 Posts: 97 ✭✭arainagusime


    I am in the same boat. The options I had were to get married or apply for a different loan product (I only qualified for a €10 000 personal loan). There are certainly financial barriers to this endeavour and it doesn't sit well with me at all. I am now in a GEM programme and it is tough financially.


  • #3
    Rainbowdash1
    Registered Users, Registered Users 2 Posts: 63 ✭✭Rainbowdash1


    somebodylikeme wrote: »
    Hello,

    Just wondering if anyone has successfully secured a loan for GEM fees (UCD) without having a blood relative as a guarantor?

    Unfortunately this is not an option for me as it is just my partner and myself.

    Just looking to hear other people's experience of this!

    Thanks!

    I am guarantor for my husband


  • #4
    coopersock
    Registered Users, Registered Users 2 Posts: 25 ✭coopersock


    Can I ask, for those of you that have a spouse as a guarantor (or those who were told to get married to partner for guarantor purposes!), did your spouse/partner have an asset to secure said loan? I have heard they look for security from the guarantor in the form of property or a mortgage. Or would they just accept a guarantor with good earning capacity?

    Thanks!


  • #5
    repulsebay321
    Registered Users, Registered Users 2 Posts: 44 ✭repulsebay321


    coopersock wrote: »
    Can I ask, for those of you that have a spouse as a guarantor (or those who were told to get married to partner for guarantor purposes!), did your spouse/partner have an asset to secure said loan? I have heard they look for security from the guarantor in the form of property or a mortgage. Or would they just accept a guarantor with good earning capacity?

    Thanks!

    It's case by case. I'd just apply and find out for sure.


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