When should I take out a graduate loan?
A reader from London is wondering if he should take out a graduate loan after leaving university this summer.
Jo Crosse, Halifax and Bank of Scotland personal loans expert, tackles the problem.
Matthew from London asks:
I'm going to graduate in the summer. Do I have to get a graduate loan from my current bank?
Also do I need a job lined up first? I was planning to travel before getting a job.
Jo replies
Some lenders require you to have a current account with them in order to apply for a graduate loan. It will probably help your application if you have an existing relationship with the bank.
Most lenders would require you to be in permanent employment (either full-time or part-time) or to have a firm job offer, so it's worth checking the application criteria before you apply.
If you have a question for Jo, go to the myfinances.co.uk Ask the Loans Expert section
Or for more information on your loans options go to personal loans at Halifax
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