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Loan Based On Graduate Job

  • 03-03-2017 12:15am
    #1
    Jonathan Clohessy
    Registered Users Posts: 4 ✭


    Hey so this is my scenario, I am currently ~3 months away from graduating from college, and I am in need of a loan for a car. To make a long story short, I have a job secured upon graduation, I had previously worked for the company as part of my coop so my contract excludes the usual probationary period, as I have worked for them already. In effect, the contract has no stated end date.

    I have no history of loans bar a student credit card and various direct debits all of which I pay on time. Pretty much just looking for advice in relation to securing a car loan. Would having this job on the table increase the likelihood of being able to acquire a loan? I've often read that banks want consistent payments from an employer for a few months before they would consider giving a loan. Just looking for any advice or experiences that may give me some insight?

    Thanks.


Comments

  • #2
    Nervous Wreck
    Closed Accounts Posts: 16,115 ✭✭✭✭Nervous Wreck


    Doubt you'll get a loan based on this unfortunately op.


  • #3
    TimeToShine
    Registered Users, Registered Users 2 Posts: 4,881 ✭✭✭TimeToShine


    You'll 100% get a loan. I know a group of people who all had graduate jobs secured who got nearly 10k loans in May of last year to go on a mad 3 month holiday and it was approved no problem. They had agreed to delay their repayments for 6 months but as long as you have the contract signed I can't see what the problem is. Just go to your bank and explain the situation.


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