Bank loan as a source of funds

entrepreneur123 · Post by **entrepreneur123** » Thu Jul 04, 2013 10:04 am

Good morning,
Can we mention (some part of investment funds £50,000) source of funds as a UK bank personal loan in interview? I did not find anything about personal bank loan in policy guidance. Please advice thanks

rizwan567 · Post by **rizwan567** » Thu Jul 04, 2013 11:14 am

u should not mention

entrepreneur123 · Post by **entrepreneur123** » Thu Jul 04, 2013 12:05 pm

Rizwan567,
Many thanks for your reply. I have spoken to some solicitors, they are saying as its your own money so it will not create problem. Please could you tell me what complications it can create by mentioning it for the applicant? thanks

rizwan567 wrote:u should not mention

unto1 · Post by **unto1** » Thu Jul 04, 2013 1:53 pm

How will they know you took a loan if the account is different from the one you used?

entrepreneur123 · Post by **entrepreneur123** » Thu Jul 04, 2013 2:16 pm

they will not know if you not going to mention. but to answer source of your funds, you need to tell them from where did you get money from.

unto1 wrote:How will they know you took a loan if the account is different from the one you used?

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Bank loan as a source of funds

Bank loan as a source of funds