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Loans

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Hello

I was hoping to study and need £100k over 4-5 years. Does anyone know places that offer loans?

Thank you

Comments

  • jimjames
    jimjames Posts: 18,697 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    On the basis that this is a genuine post and not one where we're about to hear your scheme to lend money.

    Where are you based?

    What security do you have and income to pay back that kind of loan? The level is more like a mortgage.
    Remember the saying: if it looks too good to be true it almost certainly is.
  • Browntoa
    Browntoa Posts: 49,607 Forumite
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    Ex forum ambassador

    Long term forum member
  • loans2015
    loans2015 Posts: 5 Forumite
    jimjames wrote: »
    On the basis that this is a genuine post and not one where we're about to hear your scheme to lend money.

    Where are you based?

    What security do you have and income to pay back that kind of loan? The level is more like a mortgage.

    Hello - not at all - I was born in the UK, no scams here!

    I live in London
    In terms of security - I'm not sure - I was hoping to work to pay it back when finished studying. Perhaps, my parent's home?
  • loans2015
    loans2015 Posts: 5 Forumite
    [QUOTE=Browntoa[/URL][/QUOTE]

    Thanks - i tried them and they said as it's a second degree i'm not entitled to anything
  • loans2015
    loans2015 Posts: 5 Forumite
    Anyone else have any thoughts please?
  • Lokolo
    Lokolo Posts: 20,861 Forumite
    Part of the Furniture 10,000 Posts
    Simply put, it's not happening.
  • bowlhead99
    bowlhead99 Posts: 12,295 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Post of the Month
    If your parents are willing to put their home up for security and they have a house worth £200k+, they can go to Nationwide and borrow £100,000 at 2.14% on a four year fixed rate mortgage (maximum 50% mortgage to house value).

    You will not get that rate on a private loan of £100k secured or otherwise.

    Alternatively if you have a good credit rating and are currently in a job you can borrow £15k at 3.6% with the same building society. That will kick you off, and then you can find some gainful employment to help you pay it back and avoid the need for future loans.
  • loans2015
    loans2015 Posts: 5 Forumite
    thank you bowlhead
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