Arghh... I need to get loans!

polarsnake SG

Ok, so i'm thinking of getting into SIM, 18 years old by the way. The thing is, I'm not from a rich family so I have no choice but to get a loan from a bank. I'm at a dilemna as to what kind of loans are available and how do I go about it. Got good schemes to recommend? Please do.

Recently I got wind of a particular loan scheme from citibank but I think must get hold of three people to get the loan.. immediate family too, if i'm not wrong. Does anyone know whether or not immediate family can be cousins? I'm quite close to them and maybe I'm able to get them to help me out.

PLEASE people.. anyone know of any good loan scheme can please post here and advise me? I'm quite desperate Sad

Also I'm hoping for a scheme that can allow me to pay after graduation, so I won't be burdened by financial matters whilst studying

M4verick SG

I think the best advice is for you to call the banks tomorrow morning.

polarsnake SG

I did and apparently OCBC and NTUC trustfund only allows students over 21 years of age to borrow, which is stupid Rolling Eyes

kengkia SG

try ezycash.....ask any of ya cousins who are above 21 and min monthly income of 1.6k to borrow on ya behalf.... Very Happy

Paradise Lost SG

Given your age, its not too surprising that the majority of banks are pretty reluctant to extend a loan to you and without a monthly stable source of income (correct me if i am wrong on the income part), they would most probably think of you as a high-prob default case.

What i suggest is that if your really desperate for a loan, try to pool as much cash as possible at the moment and pledge it to the bank as a collateral account. That way, you are in a better bargaining position to negotiate a loan contract as far as the banks are concerned.

Edited: Typos.

Ito_^ SG

isn't that like legal loanshark? Laughing

M4verick SG

What are you intending to study in SIM?

kengkia SG

oh is it.....u borrow before ma?.. Rolling Eyes

WiNtEr'SkiLL SG

gd luck!

polarsnake SG

UOL, Econs and management

M4verick SG

I know alot of ppl are on the waiting list to get in. Have you registered yet?

bladez87 SG

why don go poly???

polarsnake SG

Actually I got accepted this year. Donno whether defer to next year still can or not Confused

MooKu SG

There is a waiting list to enter SIM???? o_O

beavan SG

defer army?

the_fallen SG

18 accepted into Uni = Female.

not male la.

hai yo yo.

she defer is to work and earn some income to save up for uni fees

TS: am i right to say that?

Hello Kitty SG

my sympathies to u. y ur papa mama no help u?

DarkMatter SG

Go army first. Aim to be an officer. Then save $ like me. I am saving close to 1k each month because I eat army, sleep army, the only thing I wasted is on transport.

cheers Laughing