Bank Loan - furlough
Bank Loan - furlough
Author
Discussion

AudiMan9000

Original Poster:

813 posts

77 months

Saturday 13th June 2020
quotequote all
Will a bank allow you to take out a loan if you are on furlough?

Countdown

49,372 posts

225 months

Saturday 13th June 2020
quotequote all
You should be able to but it depends on how much you want to borrow and how much your furlough income is. the bank might also want your Employer to confirm that you will be re-hired once furlough ends.

JulianPH

10,084 posts

143 months

Saturday 13th June 2020
quotequote all
Countdown said:
You should be able to but it depends on how much you want to borrow and how much your furlough income is. the bank might also want your Employer to confirm that you will be re-hired once furlough ends.
Good points, but by definition being furloughed means you remain employed.