Small loan

alexipunk

Hello everyone,

I am a EU citizen living in the UK, I am currently working part time and studying. Due to some expenses that I will be facing, I would like to know where I could get a small loan, let's say around £250. I Have an account with Lloyds TSB and I've been living in the UK for just 3 months.

[Deleted User]

Approach your bank for an overdraft.

alexipunk

Deleted_User wrote: »

Approach your bank for an overdraft.

Yeah, that's what I was thinking too, but how does it work? Once I ask the overdraft, for example can I withdraw money from an ATM machine even if I don't have them or it just works with direct payments set with your account so they let you go below 0?

shop-to-drop

You would be able to draw cash up to your overdraft limit once it was approved. But don't go over the arranged amount as the charges are high.

alexipunk

oh ok I see, thank you very much for your help, I think that's what I will do.

alexipunk

One more question, when do you have to pay back the interest free-fee amount?

[Deleted User]

It may not be interest free. The bank will tell you whether you will be charged and how long they will allow you to have it for.

dealer_wins

Im pretty sure Lloyds require customers to be resident the UK for 3 years + before allowing any credit products.

alexipunk

dealer_wins wrote: »

Im pretty sure Lloyds require customers to be resident the UK for 3 years + before allowing any credit products.

Yeah exactly, they refused my request any other legal idea? lol

tonyh66

save up spare cash?
sell some stuff?

alexipunk

Tony I thought about that too but unfortunately I don't have those 2 options also bc I just got here so I don't have anything to sell.

Anyway does anybody know if Barclays requires customers to be resident in the Uk for 3 years for an overdraft as well?