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any effets of personal loan on Visa extension

Archived UK Tier 1 (General) points system forum. This route no longer exists.

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daythatnevercomes
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Posts: 10
Joined: Sat Apr 16, 2011 12:27 pm

any effets of personal loan on Visa extension

Post by daythatnevercomes » Fri May 25, 2012 10:19 am

Hi,

My tier 1 is due for an extension in some time. I am thinking about applying for a personal loan from bank (the same bank/account for which i will be producing statements for an extension).

Question -
1. Will it have any impact on my extension applicaiton wrt maintenance funds. Lets say i have mainted an amounnt of 10000£ in my account and then i take a personal loan of 10000£, are they going to subtract 10000 from 10000 making it a big 0???

Thanks

yasa
Diamond Member
Posts: 1033
Joined: Thu Jan 29, 2009 11:52 pm

Re: any effets of personal loan on Visa extension

Post by yasa » Fri May 25, 2012 10:39 am

daythatnevercomes wrote:Hi,

Question -
1. Will it have any impact on my extension applicaiton wrt maintenance funds. Lets say i have mainted an amounnt of 10000£ in my account and then i take a personal loan of 10000£, are they going to subtract 10000 from 10000 making it a big 0???

Thanks
No
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Every cloud has silver lining
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tier1HS
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Posts: 21
Joined: Mon Dec 19, 2011 3:30 pm

Re: any effets of personal loan on Visa extension

Post by tier1HS » Fri May 25, 2012 10:40 am

daythatnevercomes wrote:Hi,

My tier 1 is due for an extension in some time. I am thinking about applying for a personal loan from bank (the same bank/account for which i will be producing statements for an extension).

Question -
1. Will it have any impact on my extension applicaiton wrt maintenance funds. Lets say i have mainted an amounnt of 10000£ in my account and then i take a personal loan of 10000£, are they going to subtract 10000 from 10000 making it a big 0???

Thanks
I have a personal loan from the same bank, whose statements I have used for my tier 1 extension successfully. So, I can confirm there is no such effect whatsoever.

QuickSam
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Posts: 794
Joined: Mon Dec 05, 2011 3:51 pm
Location: Reading, UK

Post by QuickSam » Fri May 25, 2012 1:26 pm

UKBA doesn't check for loans. What they check is, whether you have sufficent funds for maintenance.
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daythatnevercomes
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Posts: 10
Joined: Sat Apr 16, 2011 12:27 pm

Post by daythatnevercomes » Tue May 29, 2012 3:42 pm

Thanks guys :D.

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