We'd like to remind Forumites to please avoid political debate on the Forum. This is to keep it a safe and useful space for MoneySaving discussions. Threads that are - or become - political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
Loan Extension
scrivomcdivo
Posts: 132 Forumite
in Loans
I got a graduate loan 2 years ago for £8000 with the Natwest. I pay £250 a month and it is for a three-year period (so only one year to go). To date, all repayments have been fine with no missed payments or delays.
I am currently in the process of buying a house too at the moment. The outstanding balance on my loan is just on £3000.
I am just wondering if if would be possible to contact Natwest and ask for an additional loan of say, £6000 and ask them just to extent the montly payments of £250 for the next 4 or 5 years (or whatever the timescale may be).
Do people know if banks will do this? I just want to double check as I don't want to apply and be refused and end up with a negative credit score.
I am currently in the process of buying a house too at the moment. The outstanding balance on my loan is just on £3000.
I am just wondering if if would be possible to contact Natwest and ask for an additional loan of say, £6000 and ask them just to extent the montly payments of £250 for the next 4 or 5 years (or whatever the timescale may be).
Do people know if banks will do this? I just want to double check as I don't want to apply and be refused and end up with a negative credit score.
0
Comments
-
Some loans have this sort of facility eg. the Cahoot flexiible loan, but I doubt that a graduate loan would have had this flexibility built into it.
The best thing to do is to contact Natwest directly and just ask the question (they don't have to do any searches etc to just answer the question)."One day I realised that when you are lying in your grave, it's no good saying, "I was too shy, too frightened."
Because by then you've blown your chances. That's it."0
This discussion has been closed.
Categories
- All Categories
- 347.2K Banking & Borrowing
- 251.6K Reduce Debt & Boost Income
- 451.8K Spending & Discounts
- 239.4K Work, Benefits & Business
- 615.3K Mortgages, Homes & Bills
- 175.1K Life & Family
- 252.7K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 15.1K Coronavirus Support Boards