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.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Can I apply for a standard loan...
ChabbyAlonso
Posts: 170 Forumite
...even though I've already taken one out.
I was eligible for £2266, but took out £600. However, as I've blown that on gambling, I need a new bank! If I request another, will they accept or decline, saying I already took one out.
Also, I'd appreciate it if someone could tell the interest on these loans. I hope it's nothing shocking like for example, I take out £1000 now, and in 3 years time, the interest is more than the initial loan!
Help appreciated my lovelys :j
I was eligible for £2266, but took out £600. However, as I've blown that on gambling, I need a new bank! If I request another, will they accept or decline, saying I already took one out.
Also, I'd appreciate it if someone could tell the interest on these loans. I hope it's nothing shocking like for example, I take out £1000 now, and in 3 years time, the interest is more than the initial loan!
Help appreciated my lovelys :j
0
Comments
-
Is it to help fund your loss chasing?
I wont lecture you, but yeh... dumb.
Rates are low, only slightly above base. Check student loan website.
If you take money and put it into a 5-6% savings account, you'll earn a profit.
The longer you save the money (and slower you repay the loan), the more profit you make (assuming you spend none).0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.9K Banking & Borrowing
- 254.3K Reduce Debt & Boost Income
- 455.2K Spending & Discounts
- 247K Work, Benefits & Business
- 603.6K Mortgages, Homes & Bills
- 178.3K Life & Family
- 261.1K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards