All Topics / Help Needed! / Personal Loans

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  • Profile photo of micheledmicheled
    Member
    @micheled
    Join Date: 2003
    Post Count: 6
    October 11, 2009 - 1:44 am

    Hi Everyone

    Does anyone know if there is any restriction on how many personal loans an individual can obtain? 

    Looking forward to reading your comments.

    Cheers

    MM

    Profile photo of Richard TaylorRichard Taylor
    Participant
    @qlds007
    Join Date: 2003
    Post Count: 12,024
    October 11, 2009 - 8:44 am

    Non as long as the lender is happy to keep approving them.

    Not as easy as it sounds.

    Richard Taylor | Australia's leading private lender

    Profile photo of Scott No MatesScott No Mates
    Participant
    @scott-no-mates
    Join Date: 2005
    Post Count: 3,856
    October 11, 2009 - 9:12 am

    That's fine as long as you like paying the higher rates of interest which go along with an unsecured loan.

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,213
    October 12, 2009 - 2:10 am

    It is pretty hard to get a personal loan too. Much easier to get the much larger home loan.

    Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
    http://www.Structuring.com.au
    Email Me

    Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au

Viewing 4 posts - 1 through 4 (of 4 total)

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