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Graduate Loan

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  • 30-07-2011 4:04pm
    #1
    laurten
    Closed Accounts Posts: 1 ✭


    Hi everyone

    I'm about to graduate from college in August. I've been with Bank of Ireland since I was a kid. I've a credit card with them that a good 15k has gone through with no missed payments over 5 years. I've also signed a job contract with a Big 5 law firm for a 2.5 year training contract for 36k per annum. My start date is April 2013 (have to do the FE1s first!).

    My question is does anyone think I have a chance of getting a 10,000 euro graduate loan based on my job contract? I have no debt at all at the moment. Also how long would I be able to postpone repayments (ideally as close as possible to starting work). Finally is it a no go because I won't have a parental guarantee?

    PS money is for some travelling

    Thanks!


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    #2
    Toots
    Administrators, Business & Finance Moderators, Society & Culture Moderators Posts: 16,920 Admin ✭✭✭✭✭Toots


    If you have no income at the moment I'd say chances are slim. The way they look at it is that you won't start working for another 2 years almost, and a lot could happen in that time. Max you can defer payments on a Grad loan is about 3 months as far as I know.


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    #3
    grantcg
    Closed Accounts Posts: 2 ✭grantcg


    Hi Laurten,

    I have a friend who was recently in a very similar position - in fact, almost identical, and she received a loan of around seven thousand euro when she showed them her training contract.(In BOI)

    So as far as I can tell you're in with a very good chance!


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