Hi all,
Currently I am trying to purchase an off the plan property which requires a 10% deposit (or bank guarantee)
Unfortunately I recently bought another property so I only have 30k in savings when I need approximately 50k.
Once the deposit is paid the development should take between 1 year to 18 months before settlement while it is built.
I was wandering if anybody knew any banks which would be open to letting me have a personal loan of 20k to cover the deposit. i would easily be able to pay it off within 6 months.
I spoke to CBA however they said they had definite rules in place which did not allow personal loans for this type of activity.
Currently I am trying to purchase an off the plan property which requires a 10% deposit (or bank guarantee)
Unfortunately I recently bought another property so I only have 30k in savings when I need approximately 50k.
Once the deposit is paid the development should take between 1 year to 18 months before settlement while it is built.
I was wandering if anybody knew any banks which would be open to letting me have a personal loan of 20k to cover the deposit. i would easily be able to pay it off within 6 months.
I spoke to CBA however they said they had definite rules in place which did not allow personal loans for this type of activity.