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Delaying first repayment on a loan

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  • 05-09-2005 12:44pm
    #1
    eth0_
    Registered Users Posts: 10,846 ✭✭✭✭


    Anyone know if it is possible to defer the payments on a loan, say if I took one out this month could I defer the first repayment til January?

    I have a great credit rating and have had three loans before, including two of them with my current bank.


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    #2
    dahamsta
    Banned (with Prison Access) Posts: 16,659 ✭✭✭✭dahamsta


    Ask.


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    #3
    dub45
    Moderators, Technology & Internet Moderators Posts: 12,448 Mod ✭✭✭✭dub45


    eth0_ wrote:
    Anyone know if it is possible to defer the payments on a loan, say if I took one out this month could I defer the first repayment til January?

    I have a great credit rating and have had three loans before, including two of them with my current bank.

    Do they not count it against you if you defended UTV for all those years? :)


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    #4
    CCOVICH
    Closed Accounts Posts: 240 ✭✭CCOVICH


    The answer is more than likely 'yes', but be aware that your overall interest paid might be higher than originally projected.


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    #5
    nlgbbbblth
    Closed Accounts Posts: 5,668 ✭✭✭nlgbbbblth


    eth0_ wrote:
    Anyone know if it is possible to defer the payments on a loan, say if I took one out this month could I defer the first repayment til January?

    I have a great credit rating and have had three loans before, including two of them with my current bank.

    Yes
    - Interest only / repayment deferrals are permitted under the Consumer Credit Act.
    Make sure you inform the bank that you want to do this when you are applying - as certain types of fixed rate personal loans do not permit repayment deferrals.


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