Bank Loan

Travel Forums Europe Bank Loan

1. Posted by tasha8 (Budding Member 2 posts) 13y Star this if you like it!

Hi everyone, I'm new to this forum, but hv been reading all the posting on UK WHMV. I intend to submit my application next month. Does anyone know whether having a Bank Loan (house) would affect the chances of application?

2. Posted by neo619 (Budding Member 16 posts) 13y Star this if you like it!

Hey tasha ,

Am not sure if bank loans hv the ability to bring up any serious troubles. I thought abt the same and asked that lady in the VFS office who said , itz completely abt my choice. But accordin' to my observation on this forum this far , I've not seen anybody sayin' "success" after acquirin' a bank loan. Itz better if ya consult a travel agency , maybe they are the best people to help ya out.

Bye ,


3. Posted by Peter (Admin 6600 posts) 13y Star this if you like it!

As far as I know all they want to see is the required money on a bank account. I doubt they take into consideration what loans you have. So, as long as you don't have ALL your money pumped into your loan, I wouldn't imagine it would be a problem. Let us know what you find out though!

4. Posted by neo619 (Budding Member 16 posts) 13y Star this if you like it!

Ok here comes the logical part. Everybody knows that a bank loan needs to be paid back in time and if ya are travellin' ON a bank loan then itz pretty easy for the consular officer to assert that ya'll start workin' there to pay it back which is a risky thought to give them and might lead to an interview which in my case won't be good until feb 2006. The closest match to a bank loan in this case is a personal loan usually with a high rate of interest. Takin' loans for education is fair enough but I think takin' loans for this visa and sayin' it so to those consular officer sharks is way too different and might prove fatal. In my case , I've decided to declare my mom and dad as my sponsors , show them their bank statements and maybe later I can apply for a personal loan. There won't be anybody else intervenin' in this matter after ya get the visa.

I still think a bank(personal) loan is not a viable choice , but again dun count on me , talk to travel agencies , maybe they'll throw some light on this.