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age to apply for loans

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| 17 Jun 2011, 10:28 PM Agree 0

Can anybody tell me if person not to turn 18 in august can receive loan before birthday,to take advantage of govt charges discount for buyer of ppor which will finish in qld end of july.
  • patchy | 18 Jun 2011, 12:32 AM Agree 0
    I'm pretty sure you have to be 18, but one of the brokers may know otherwise...

  • Mick C | 18 Jun 2011, 04:19 AM Agree 0
    Sorry mate, need to be over 18....

  • Jamie M | 19 Jun 2011, 10:13 AM Agree 0
    Hi Darryl

    Despite the unfortunate timing - it's awesome that you're asking this question on an investment forum at 17!

    Best of luck!

  • Elea | 18 Jul 2011, 01:22 AM Agree 0
    wow... it's amazing that you are interested and joining an investment forum at the age of 17!

    All the best,

  • cynthiaD | 05 Mar 2012, 06:31 AM Agree 0
    It's good to know that at a young age your now showing interest in investments. Good luck kid, when you turned 18 you can always continue your plan.:D Anyway, in terms of applying for a loan, only borrowers with income can borrow. In order for a lender to make cash, whether it is a bank or a payday lender, the borrower has to have the financial means to pay back the loan. That is why it is totally untrue when the Office of Financial Trade says that payday lenders target people who are already having issues financially. Only individuals who can afford to pay a cash advance back can get one. If you are having a financial emergency, consider a cash advance to help you. Get more info at: Payday Loan
  • addicted | 06 Mar 2012, 05:41 AM Agree 0
    If you are sure the bank will lend you the money you could buy and delay settlement until your 18th birthday as (I think) the FHOG goes on exchange date, not settlement date.
  • william levi | 14 May 2012, 11:43 AM Agree 0
    Go to your bank and ask for the information and what the procedure would be to get a loan.
  • Bill Anderson | 27 Jun 2012, 08:46 AM Agree 0
    I think you have to be 18 at first then you would get this.
  • annamarie | 04 Jul 2012, 12:42 PM Agree 0
    Yes its very necessary that you should be over 18 years old for applying a loan. No bank have any law or policy to give a loan to a person whose age less or under 18 years.
  • Brock Chewings | 25 Jul 2012, 03:32 AM Agree 0
    Hello, you seem to be in a hurry at a pretty young age, just to share to you I had a classmate in college. They were well off but he chooses to have packed lunches to save money to invest on stocks, plus sidelines, it is always better to have cash at your pocket rather than applying for loans at a very young age, they may not even approve it even if your 65 if their evaluation on your capacity to pay is lacking. Enjoy!
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