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No. It is unlikely any lender would grant an unsecured loan for a house. They want to be able to take the property by foreclosure in the case of a default.

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Q: Can you take out a personal loan for a house?
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How can you take out a personal loan?

You can take out a personal loan at your banking institution. You will need to fill out forms provided by your bank and will then go through an approval process.


If you default on a loan in UK can they take your house?

This will likely depend upon the type of loan you took out and whether or not your house was placed as collateral on the loan.


Can a lien be placed on a house for a personal loan to pay off a debt?

If you have equity, yes


How can a personal loan be obtained at the Citibank?

One can obtain a personal loan from the Citi Bank by filling out the loan application form. It will take at least a week or two for the Citi Bank to review the application.


Can a husband let the wife take over the loan of a house without her having rights to own the house?

If the loan by the Bank than it will be on your name. Do not pay loan if someone else as name to the loan.


How do you get the money from a personal loan?

Through the Judicial system - take them to court


What is the age limit for personal loans?

When taking out a personal loan, you have to be at least 18 years of age. When the bank runs your application for a personal loan, they will check your credit history, if you have any collateral and if you have made payments on your bills or house on time. All of these are factors in if the bank decides to give you a loan.


Can a person take out a personal loan from a joint account?

A joint account is just another bank account which can be used for any purpose. Yes, you can use it to take a personal loan or pay for one. There are no restrictions reg. joint accounts not be linked with personal loans.


What are the consequences of defaulting on a personal loan in Texas?

Defaulting on a personal loan can effect your credit in a negative way. The lower your credit rating, the harder it is to get a loan in the future. Loan default is a civil matter, not criminal, so there is no need to worry about any jail time being served because of it. If you take out a personal loan to purchase a car and then default on the payments, the bank can take the car from you. Which will then leave a repossession on your credit report.


What site gives you the opportunity to use a personal loan calculator?

All online banks offers personal and home loan calculators. For example go to www.bmo.com and open their loan calculator. Put in the amount of the loan and the number of years you wish to take the loan and the calculator will then calculate the payments.


What is a Post Office personal loan?

A Post Office personal loan is a competitive personal loan with various amounts. One can ask for a Post Office personal loan for different periods of time.


You have bad credit and on a pension and have no house can you still get a personal loan or credit card with 6000 limit?

yes