Getting a UK personal loan to fund a masters in the US for a year?
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Hi, is it possible for me to borrow cash in the UK and then go and study in the US for the year. I would be looking at an unsecured 拢20,000. Right now I am fully employed earning a very good salary.
Do banks always need to know what you will be doing with the money? I dont know how keen they will be to lend if they knew I was going to study abroad....
Getting a UK personal loan to fund a masters in the US for a year?Have a look at Sallie Mae (link below). They are a US-based organisation which will provide student loans for UK students studying in either the US or the UK. I don't know enough about it to know what the repayment terms are, how competitive they are, etc, but my first thoughts would be that surely they must be better than using a bank, since I'm not sure that you'd get the best terms on an unsecured loan with a UK bank.
Getting a UK personal loan to fund a masters in the US for a year?You can but try however I can't see them lending you money knowing you're going abroad. You wouldn't in their shoes would you?
Getting a UK personal loan to fund a masters in the US for a year?banks do not always need to know what the money is for but they wll obviously want to know the chances that they will be repaid
They wont be bothered that you will be abroad as much as they will be bothered that you will be studying and therefore not earning
All you can do is ask. If you have a good credit history a lender may come up with a loan tailored made for you such as start repaying after one year or when you are earning a certain amount or they may just require someone to stand as a gaurantor for you
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