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Pay later loans

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wallabypom7
wallabypom7 Posts: 5 Forumite
in Loans
Hi Guys!

I have always wanted to visit Australia... I am looking for a £10k loan that I can pay 12 months later for. Does anyone know if these exist? I don't want to go with anything with a ridiculous APR just one that can help me out in the short term.


Thank you :)
«1

Comments

  • ViolaLass
    ViolaLass Posts: 5,764 Forumite
    If you can pay it back in a year's time, why not just save the money?
  • HappyMJ
    HappyMJ Posts: 21,115 Forumite
    10,000 Posts Combo Breaker
    Australia's not that expensive. You do not need to stay in top quality hotels. There is enough budget and very good accommodation options available. £2k should be enough for a few weeks. Enjoy your holiday. If it's that important you go now then get a credit card.
    :footie:
    :p Regular savers earn 6% interest (HSBC, First Direct, M&S) :p Loans cost 2.9% per year (Nationwide) = FREE money. :p
  • PeacefulWaters
    PeacefulWaters Posts: 8,495 Forumite
    What you need is called:

    1) Patience
    2) A savings account

    Your desired loan product doesn't exist.

    "I want to take £10,000 off you and travel to the other side of the world. I'm not prepared to start paying you back for a year" isn't a good business model for a sensible lender.
  • WillyWonga
    WillyWonga Posts: 324 Forumite
    Sounds like a bit of spam....
  • iolanthe07
    iolanthe07 Posts: 5,493 Forumite
    WillyWonga wrote: »
    Sounds like a bit of spam....

    Not necessarily. People often have dreams that aren't really based on reality, but what's the harm?
    I used to think that good grammar is important, but now I know that good wine is importanter.
  • dealer_wins
    dealer_wins Posts: 7,334 Forumite
    You can get such a loan, but the only company offering them is the Bank of Mum and Dad.
  • DCFC79
    DCFC79 Posts: 40,641 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    dealer_wins wrote: »
    You can get such a loan, but the only company offering them is the Bank of Mum and Dad.

    Or another family member who has the spare cash.
  • Pixie5740
    Pixie5740 Posts: 14,515 Forumite
    10,000 Posts Eighth Anniversary Name Dropper Photogenic
    I know exactly what the answer would be if I applied to the Bank of Mum & Dad for a loan that size to go on holiday. "Jog on!"
  • andyfromotley
    andyfromotley Posts: 2,038 Forumite
    dealer_wins wrote: »
    You can get such a loan, but the only company offering them is the Bank of Mum and Dad.

    They closed my local branch and now operate out of Spain. Their lending criteria is VERY strict!
    £1000 Emergency fund No90 £1000/1000
    LBM 28/1/15 total debt - [STRIKE]£23,410[/STRIKE] 24/3/16 total debt - £7,298
    !
  • CHR15
    CHR15 Posts: 5,193 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    wallabypom7 wrote: »
    I have always wanted to visit Australia...
    But not enough to save a penny for it?
    Can we assume you don't mean you will repay it in 12 Months but would rather START repaying it in 12 Months?

    Your head is already in the clouds so you have made some progress.
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