Help with UK personal loans! Queensland banking customer...
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Written on: 03.11.2009 [09:26]
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Ross
Ross
Topic creator
Posts: 1
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I've got a bit of a query about getting a loan in the UK: is there a different financial approach to personal loans? Queensland bank, where I bank usually, gives loans of $3,000 plus. My mate here said you can borrow any amount of money, also less. Is this true? |
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Written on: 06.11.2009 [14:11]
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Marv
Marv
Posts: 2
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It's not true that you can borrow any amount of money as a personal loan. If you only need a small amount, like £500, it makes a lot more sense to arrange an interest-free overdraft or get a credit card with low fees and low rates. If you're borrowing less than £3,000 then a personal loan may not be right for you. The terms of a loan have to make sense for the lender and for you! I don't imagine the banking systems are all that different. |
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