Effects of not accepting a Loan offer

KingsleyBriggs

i would also just bank the cash 

Exodi

Bakerboy1977 said:

Thanks for the reply. This is very helpful.
I was thinking of just banking the loan now but in 4 months I could save the equivalent of 4 months' loan payments... Which could prove very useful.

What's the rate?

Those 4 months of loan payments your saving are coming from future Bakerboy1977's pocket.

Actually, I think the rate isn't too important, it may cost more to borrow in a couple months time - plus if you get stiffed on the rate you apply for, you also can't shop around as you'd have two hard credit searches on your file.