How Long before New Loan

Oilean Beag

Registered User
Messages
221
Hi All,

I was wondering would anyone out there be able to advise or have any personal experience in seeking a second personal loan from a bank .

My situation is such that I have recently paid off a 3 year loan ( from bank no. 1), two years early in order to secure drawdown of mortgage cheque from another financial institution ( bank no. 2). This was a condition of my mortgage offer with bank no. 2.

I now need to get out another personal loan for education purposes. How likely is it that bank no.1 with whom I have just cleared loan will give me another loan for a similar amount to the loan I paid off early.

I paid the loan back about one month ago.
 
I would say you have a pretty good chance if you have a good repayment history on your last loan. They will be looking for your business.
 
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