Hi all - I'm looking for some advice on taking out a loan and to have some of my questions answered. I know the best place to ask these questions is my bank, but I haven't had the time to do that lately, so I'm hoping some of you guys might have some idea of what's possible and what's not.
I've got some inheritance coming my way in a couple of years when I'm 25 - I'm 22 (almost 23) now and I'd like to take out a loan for that amount from my bank (£3000).
They've been sending me those usual spam letters saying "You've been pre-approved for a loan of £12 000", so I'm sure that I'll be approved for the loan, especially considering I have the inheritance coming my way. I'm sure the interest will be something like 10%, but I have no problem with that.
However, I'd like to make it so I only pay back the loan in a couple of years with my inheritence when I'm 25, rather than paying back in regular monthly installments, as soon as I've taken out the loan - Is that completely unheard of and am I likely to be turned down at the door?
I should point out that I have zero debt right now and I pay my credit card bills in full every month - so I have a perfect credit rating with them.
Cheers. |
That's what I was looking for.