French personal loan for UK based income?

[Stephenlemmon]

Does anyone know if it's possible to get a personal loan in France with only UK based documents to prove income? Based on past experiences, anything involving a country outside of France is going to be difficult

Has anyone managed to get a personal loan in France and if so how and through which company?

Thanks.

Stephen.

 

[Will]

It's obviously very much up to the lender, or in the case of a bank, the individual branch manager. The general rule seems to be that the total amount of your loans (including mortgages and credit card debts) is based on your ability to repay - in our experience the source of the income doesn't matter, it's how much, and how secure, that income is and the size of any other loans or debts.

[Clarkkent]

[quote]Does anyone know if it's possible to get a personal loan in France with only UK based documents to prove income? Based on past experiences, anything involving a country outside of France is going to b...[/quote]

I have always believed it to be prudent to obtain your loan in the country where your income is earned (at least until the UK joins the euro). There is some volatility in the exchange rates which may make repayment in another currency difficult sometimes. In addition, the continuing need to pay the costs of currency conversion may well exceed any savings you may make with respect to interest rates.