Advice on whether 2 combine loans

Hi All,

Can Anyone please give me some advice on the following:

We currently have 2 loans with BOI:

Car Loan: €9000.00 o/s - €202.50 per month repayment 4 years remaining
Personal Loan: €4,000.00 o/s- €114.00 per month repayment 4 years remaining.

We need to take out a new loan for about €4,000.00 can anyone tell me if we would be better off combining them all together?

Re: Advice on weather 2 combine loans

impossible to reply to your query anyway. It depends on what rates you can get and where.

Have you asked B of I for a loan for the total amount? And if so what rate ? is it better or worse than your current rate?

Finally, I know its personal, but do you really need to borrow more money?
I know its something I would be avoiding at all costs at the moment.

mf