Can you take out a personal loan at 18

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Can you take out a personal loan at 18

If quick a loans arena have exhausted other avenues, then a payday or short term loan may the best option for you. Personal Loans. Personal loans are a type of finance that are specifically suited to help pay for larger cost items such as a holiday or a larger expense. Due to the higher value of the loan, they are different to payday loans in the way that these types of loans will usually be repaid over a 1-5 year basis to help ease the monthly repayments.

What happens if youve set a date for your wedding, planned to save but the closer its getting, you realise you are just not going to be able to afford it. You cant cancel your wedding and you may not have anyone to borrow from.

Can you take out a personal loan at 18

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If you borrowed 2,000 over a 12 month period and the loan had a 3 arrangement fee (60), your monthly repayments would be 189.

12, with a total payback amount of 2,269.

Can you take out a personal loan at 18