personal loan; should we apply

juliemario

Hi there,

My husband and I would like to take out a personal loan of £15,000. Iwondered if it is best to do it in joint names or separately or should my husband apply on his own. I already have aloan outstanding of around £1,000 (which will be paid off in August). We have ajoint mortgage, but separate current accounts; with the same bank and a jointsavings account. We also have overdrafts of £1,500 each, but wenever get in the red. I earn about £20,000 and he earns about £26,000 + bonusetc. It would be good to know if we would be best applying together or if my husand should apply on his own.

[Deleted User]

For a 15k loan, you're almost certainly going to need both salaries to be taken into consideration.

Dingo12

I read the question as: "Should we get a £15k loan together, or two £7.5k loans separately"


Tbh its not going to make a great deal of difference unless you find you can get a better APR from either of the options.


Also - if you have savings why not use them?

dealer_wins

stephen35 wrote: »

Which is the interests rate?

Spam rate tonight!!

thebritishbloke

If you have savings, use them first.

You'll be better off applying for a joint £15k loan.