Credit Union Loan?

JajaD

I think i have 300 euro in my credit union account. I havent touched this account in many years. I have saved up a grand at home and im gonna put it in the credit union. What are the chances of me getting a loan of 6000?

thecommander

JajaD wrote: »

I think i have 300 euro in my credit union account. I havent touched this account in many years. I have saved up a grand at home and im gonna put it in the credit union. What are the chances of me getting a loan of 6000?

Doubt it. Usually you need to show that you can regularly save and they calculate it from that. Give them a call though.

bizzyb

JajaD wrote: »

I think i have 300 euro in my credit union account. I havent touched this account in many years. I have saved up a grand at home and im gonna put it in the credit union. What are the chances of me getting a loan of 6000?

I take it the loan is for a business? A good business plan might give you more chance of securing a loan.
Best of luck!

BnB

It is worth a try - I got a loan of €3k last year when I only had €300 with them and no history of saving. Go in and talk to them

JajaD

thanks

Quagmire77

If it's your first loan they will usually only give you double your regular shares.

JajaD

It is for a car loan ....fingers crossed