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Loan advice - no income proof
Comments
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I would be wary - not of the rate which is very good in the present climate - but the deferred period before you start repaying.
They will be charging interest on the loan as soon as the money is loaned to you so this will put about 4 or 5 extra payments at the end. If you are happy with this great if not get a loan with repayments that start immediately.0 -
do lloyds not do a deffered period ejones? i thought it was quite usual of banks. we're only taling December here0
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Of course they do but interest is charged on the loan from day 1.regularsaver1 wrote: »do lloyds not do a deffered period ejones? i thought it was quite usual of banks. we're only taling December here
It will take more than 4 extra payments at the end to repay the interest you accrue in the beginning.0 -
yep, but as most banks do it , what choice do you have
it might help with the OP change of employment (change of pay dates) initially0 -
HI findmyownway,
Can you overpay on the Sainsburys loan offer?
I was unable to see anything on their site which indicated this?0
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