Bank Loans

Gibbs · 26 Nov 2010 at 15:15

Are banks lending at the moment. I have the bug of a new car and was hoping to hit the bank instead of through the deader.

Cheers all

neil3k · 26 Nov 2010 at 15:16

motors forum possibly?

but you would get shot down there for buying a car on finance

AtticusFinch · 26 Nov 2010 at 15:17

I've had no problem,s getting loans/credit over the last year. So long as you've got good credit, a steady job and the ability to easily afford repayments should be easy.

GinG · 26 Nov 2010 at 15:27

Banks have never stopped lending? If you have a good credit score you should be fine

Jono8 · 26 Nov 2010 at 15:32

I had no problem. I asked for a £5500 loan and got approved within days with no problems. Ended up getting 0% finance on the car i wanted anyway so didnt need it in the end but banks are definitely lending, provided you have a decent credit score.

Relentless81 · 26 Nov 2010 at 15:34

Just make sure you have a big enough deposit so that the car owes you (inc interest) and not the other way round and you can easily afford the monthly payments and its fine

Banks are lending, just interest rates on small loans are high, google Tesco loan calculater and use that to give you an idea

edscdk · 26 Nov 2010 at 15:35

unless your old car is bust, save up the money...

Fenris · 26 Nov 2010 at 15:44

Well yes of course they are, getting a loan is only difficult if you have bad or no credit history.

anything I don't mind · 26 Nov 2010 at 15:52

sell your kidneys

Pestilence · 26 Nov 2010 at 16:35

Banks are still lending just fine. If you're not swimming in loans and defaulting all over the show then it should be effortless.

anything I don't mind · 26 Nov 2010 at 16:36

yea if you do not need a loan they are more than happy to give you one.

Gibbs · 26 Nov 2010 at 16:56

groen said:
sell your kidneys

no one would want my kidneys lol

cheers lads, i have a loan atm the moment which ends in Jan 9th, once that happens am debt free after a right oul slug at it, so going well, they'll take my money

Cheers

shifty_uk · 26 Nov 2010 at 16:57

neil3k said:
motors forum possibly?

but you would get shot down there for buying a car on finance

Bad idea, he's asking about bank loans. They'd question and eventually rip his personal finances apart in the motors forum, that's before they got to his car choice.