Hi there,
I'm one of those going for the loan with BBVA. I will be applying for a loan with the security being my parents' property...however I have studied it carefully and the truth is there isn't much risk in it for my parents. There are a lot of insurances you will need before you can even take the loan out (all of which will cover the cost of the loan should the worst occur) so it is very unlikely that your parents would have to hand over their house if for whatever reason you were to stop the course (if that's what you're worried about). I have let my parents review the loan as well and they seem happy that it isn't a big risk. I should mention I am not from a wealthy family
But the idea is that when you have completed the course you will have a job and SHOULD be able to start paying it back...but I don't know what the situation is currently like in QR atm...I keep getting mixed reviews, some very good others not so good!
