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You could use you loan for that but I think it would be an unwise thing to do.
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∙ 8y ago
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What is the current rate of student loan interest in the UK?
The student loan interest rate in the UK varies annually. Currently it is 2.75%. If a student who borrows from the Student Loan Company does not pay it back within thirty years then the debt is wiped.
Where can one get in the UK consolidated student loans?
Student loans cannot be consolidated in the UK as the repayments are deducted in a different way to that of a 'normal' loan. Repayments on a student loan would be deducted from one's wages once employed and earning a certain salary.
Can a foreign student get a student loan in the UK?
No, you can't. EU students can get a loan from their home country. Students outside of the EU have to prove they can support themselves financially before they're granted a student visa
What are the interest rates for a student loan?
The interest rates for a student loan are typically fixed at the annual inflation rate. This is true of that of the UK. Higher rates are typical in other countries.
Can I get a car loan from MoneySupermarket?
MoneySupermarket is a company based out of the United Kingdom. If you are a resident of the Uk, you could apply for a car loan from the MoneySupermarket.
Who receives the interest from student loans in the UK?
Similar to the programs in the United States, the lending bank receives the interest from student loans in the UK. When a bank becomes part of the student loan scheme, that bank offers a lower interest rate (since the loan is guaranteed by the government) than they might on a similar private loan to a person exhibiting similar credit behavior.
Where can one find a loan repayment student?
One can find a loan repayment student on the official website of Student Loan Repayment. The Student Loans Company is a UK public sector organisation providing loans and grants to over 1 million students annually, across England, Nothern Ireland, Scotland and Wales.
What rate is considered a cheap car loan in the UK?
A rate that is considered cheap depends on the nation and overall average rates of the competition. In regards to the UK, a cheap car loan would be around 2%.
What are student loan programs used for?
Student loan programs are primarily used to pay the extremely high levels of tuition that is on offer at academic institutions. Countries with high fees include the US and the UK.
How can one get in the UK a car loan with bad credit?
Obtaining a car loan in the UK for someone with bad credit will likely have to be done through a sub-market or a broker. Lenders will not typically loan money to those that have a history of not being able to repay the debt.
Where can one find information on apartment loans for college students in the UK?
Finding and affording an apartment when you are a college student, can be a challenging task. In the UK, you can apply for student loans and then use any money you receive for your housing arrangements. Student Loan Company (SLC) is a reputable UK company that would be worth looking into.
Can a UK resident co-sign for a student loan for a student who is a US citizen going to school in the US?
the answer is NO, to cosign a loan you have to be a US citizen or Permanent Resident. in most cases applicant must have SSN and be a PR in the united stated to cosign
