PPRuNe Forums - View Single Post - Financial help, including HSBC loans (Merged)
Old 2nd October 2003 | 20:47
  #49 (permalink)  
Northern Highflyer
 
Joined: Feb 2003
Posts: 453
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From: UK
Just arranged an unsecured loan for £15k with HSBC, payable over 7 years maximum. That is the maximum they would agree to as I am a "stranger" to them. My banking history is about as good as it could be with no black marks against my credit history and I prepared a polished business plan for them too, but £15k was as far as they would go. Anything above that figure and they wanted security or I need to have banked with them for many years and built up a history. They also let you repay over a maximum 11 years if you borrow over £15k.

All I have to do is move my current account to them. They will also consider any further requests next year when I have some history with them but hopefully that won't be necessary.
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