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Permanent TSB Personal loan

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  • 07-06-2015 9:08pm
    #1
    rosepettal23
    Registered Users Posts: 9 ✭


    Hi all,
    I am a customer of theirs and want to apply for €1500. I filled out the online application and one of their sales reps called me but all she did was go through my account. She queried a couple of transactions, I explained them and then she said I could either make my application with an adviser over the phone and drop in ID etc to the nearest branch or she could book an appointment in the branch which I opted for as I would end up having to bring documents there anyway. There was no mention of this AIP that they have all over their website.She said the appointment would take an hour but the phone application takes 10 minutes? Anybody know why this would be? Also what sort of questions etc they will be asking for the hour??
    Thanks in advance :)


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    #2
    BuffyBot
    Registered Users Posts: 24,924 ✭✭✭✭BuffyBot


    Most likely a over-estimate, in case of there not being a staff member immediately available to deal with you, sickness etc. The questions wouldn't really be all the different.


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    #3
    Nervous Wreck
    Closed Accounts Posts: 16,115 ✭✭✭✭Nervous Wreck


    BuffyBot wrote: »
    Most likely a over-estimate, in case of there not being a staff member immediately available to deal with you, sickness etc

    I'd agree with this; they prob just book all lending apps for an hour.


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    #4
    lifeandtimes
    Closed Accounts Posts: 2,021 ✭✭✭lifeandtimes


    Be advised that if you don't have at least 1200 euro in your bank account after all monthly transactions are gone plus the monthly repayment for your loan they will not even process a credit check,that's what happened to me


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    #5
    TorresDaLegend
    Registered Users Posts: 74 ✭✭TorresDaLegend


    I would have thought she would do the AIP over the phone but maybe it's all clear if you've been instructed to attend the branch.
    Take your monthly net income minus any fixed loan repayments/savings/mortgage/rent & if you have an overdraft/visa take 2.5% of limit off also. Now take the proposed loan repayment off aswell & if left with €1200+ NDI it would be worthwhile attending. That is all they will do in an AIP. Banks lend by your repayment capability these days. PTSB are generally excellent for giving you a quick answer.


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    #6
    Galadriel
    Registered Users Posts: 1,289 ✭✭✭Galadriel


    It took them over a week to refuse me for an overdraft; I have no mortgage, no loans, credit card paid in full each month, no dependents etc. When I initially joined them two years ago they gave me an overdraft but I refused it as at the time I didn't think it was necessary and it cost €25 per year, my circumstances haven't changed. I don't really need it so don't really care but just thought the sudden turn around was bizarre.


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    #7
    TorresDaLegend
    Registered Users Posts: 74 ✭✭TorresDaLegend


    Galadriel wrote: »
    It took them over a week to refuse me for an overdraft; I have no mortgage, no loans, credit card paid in full each month, no dependents etc. When I initially joined them two years ago they gave me an overdraft but I refused it as at the time I didn't think it was necessary and it cost €25 per year, my circumstances haven't changed. I don't really need it so don't really care but just thought the sudden turn around was bizarre.

    Did they actually do a credit analysis for you when opening account or just ask if you'd like one?
    Poor account conduct like 3+ returned unpaid DDs in last 6 months, constant referral fees, or large transactions through bookies etc might make them avoid you.


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    #8
    Galadriel
    Registered Users Posts: 1,289 ✭✭✭Galadriel


    TorresDaLegend wrote: »
    Did they actually do a credit analysis for you when opening account or just ask if you'd like one?
    Poor account conduct like 3+ returned unpaid DDs in last 6 months, constant referral fees, or large transactions through bookies etc might make them avoid you.

    Yes, I was approved for one when I opened my account, they failed to tell me there was an annual fee for €25, when I discovered the money gone from my account I called them and said I didn't need the overdraft.

    No poor account conduct...ever, no failed loan payments etc, don't gamble. I earn decent enough money, they said as I had no major savings I couldn't have it.


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