Need financial advice
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I am into my final year of overseas studies.. but recently my dad appear to get into some kinda financial struggles and I juz wonder how I can get some financial loan to pay off my final year.
I checked with HSBC and they will grant loan if I can find a co-applicant with salary of $40k P.a. But I don't wish to get any co-applicant. Other financial instituitions such as ocbc or Maybank dun grant loans for overseas studies.
Have u guys any idea on how I can secure a sum like $25k to $30k?
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Why don't you approach your institution of education for loan programmes? I think they might be able to give professional advice on your situation.
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Usually overseas university won't allow you to take loans n u cant even tell them of ur fin'l difficulty.. Bcz upon doing so, they wld most likely cancel your enrolment..
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normally from what i heard. If u need to get a student loan, you will definately need a sorta "guarantor" (another words might be a co-applicant).
So....hopefully you can find something. -
Suggest u discuss with your parents & find out how bad the situation, whether there are any assets they can sell to raise the money.
Alternatively approach your relatives for a loan. U can pay them back when u work.
U can also look for part-time job to help daily expenses. -
ever thought of using flat to mortgage?
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Flat cn be mortgaged? Applicable to study loans mah? hmm.. thks fot those suggestions though
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Maybe going thru some local company will help u get a bond plus a job for you to do when you finish your studies there.
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u can take a loan from the bank by mortgaging a property. Discuss it w yr family. After yr study, u can clear off yr loan.
Good Luck -
sign on lor