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  1. #1

    Can you split a loan

    If my husband and I make a joint application for a loan the interest rate is 7% because of the size of the loan. Is it possible to split the loan and make 2 individual applications for half the amount each thereby reducing the interest rate on each loan to 3%

  2. #2
    All depends what rates you get offered but yes it's ok to both make a single application.
    It's not guaranteed you will both get the headline rate or even be accepted at all.

    I take it you have a joint bank account, I believe it would link you financially which may or may not impact what your offered.

  3. #3

  4. #4
    Where did they suggest that they were wanting a loan between 3 and 5k? From the figures quoted it seems like they want a loan for over 25k. Or two loans for half that.

  5. #5


 

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