Loan needed - confirmed job offer

oceanscape

I'm starting a full-time post-graduate course this June and have a confirmed job offer for next March.

What banks would consider giving me a loan? I've seen the RBS Graduate Loan, but it charges 16.9% interest and they will only defer the payments by 12 months if you're "going travelling"!

Thanks for any advice!

student_84

You could look into a career development loan, the loan will not have to be paid until after you graduate and it the interest on the loan during the course is paid for by the Young People's Learning Agency (YPLA)

http://www.direct.gov.uk/cdl

jonesMUFCforever

No mainstream lender will lend to you now as you have no income - a confirmed job today could go down the pan by next week!

paddyrg

If you can't get an advance against your salary at the employer, I doubt you'll get one from a bank to be honest...

Enfieldian

You can't have a loan, you don't have a job yet.

Welcome to the big bad real world.

oceanscape

The last three replies were useless - why waste your time posting incorrect information?

Anyway, found the NatWest Graduate FlexiLoan. 12 month payment holiday and having a confirmed job offer is fine. Gave them a call and my application is going through. :j

paddyrg

That's how public forums work, you post, you get answers. Calling those answers useless and a waste of time, when in the general case (just not your specific case) they are right is rude and arrogant, especially as it appears you were quite able to ask the bank yourself. Guess what? Posters on a forum do not influence the internal individual lending decisions of banks, and the general case stands.

jonesMUFCforever

oceanscape wrote: »

The last three replies were useless - why waste your time posting incorrect information?

Anyway, found the NatWest Graduate FlexiLoan. 12 month payment holiday and having a confirmed job offer is fine. Gave them a call and my application is going through. :j

Going through is it?

Is that the same as accepted then??

Culex

jonesMUFCforever wrote: »

Going through is it?

Is that the same as accepted then??

Do you mean he now has a confirmed loan offer?

serverking

jonesMUFCforever wrote: »

No mainstream lender will lend to you now as you have no income - a confirmed job today could go down the pan by next week!

They want to see 24 weeks' worth of account being run well with no missed payments [UNP] or things going overdrawn without their permission... You would have to be in your job for at least 6 months and show them payslips as proof of income...

glad u got the loan - hope it all goes thru okay...