Loan to pay off family member

gary224

I owe family member money and I am looking for a loan of about €15000.

I am currently earning €30k. Would it be possible to get a loan of this amount.

tell_it_how_it_is

We'd need more info (i.e. current debt levels etc.) to assist with a better educated guess, but that's all it would still be, as it depends upon the lender.

The logical place to try first would be with your own bank. If you were rejected there, you might choose to consider a later application for less, and perhaps pay the remainder over X months out of your disposable income.

jc808

you posted in euros? are you uk?

gary224

yeah UK just no pound sign on keyboard

basically need to pay around 40,000. i can pay around 20,000 from savings now so looking at a loan to pay off the rest

[Deleted User]

ok heres a plan,will they accept repayments of £1000 a month?if so use the 20k savings to make these payments for 20 months while you save up to make say another 12 payments,then all you need to borrow is £8k