Stephenlemmon Posted September 21, 2004 Share Posted September 21, 2004 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. Link to comment Share on other sites More sharing options...
Will Posted September 21, 2004 Share Posted September 21, 2004 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. Link to comment Share on other sites More sharing options...
Clarkkent Posted September 21, 2004 Share Posted September 21, 2004 [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. Link to comment Share on other sites More sharing options...
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