Graduate loans are an option to help you bridge your finances until you find a job or find one that pays sufficiently well until you begin to earn more.
However, some providers of graduate loans will only lend if you already have a job or have a firm offer of one. Additionally, some providers will only lend to you if you already have an account with them.
The cost of being a student is high and many students already finish university with a five-figure debt so money is often very tight after you complete your studies as well as when you are a student.
This is why graduate loans are becoming increasingly popular and necessary. Many banks will offer graduate loans at a relatively low rate and there are hundreds of providers who want to begin a financial relationship with someone who will hopefully earn well in the future.
- M&S Bank lowers loan rates
- Personal loan to clear graduate debt and credit card?
- Zopa undercut top loan providers with loan rate below 5%
- Mortgage loan approvals rise to 16-month high
- Zopa cuts personal loan rate to 4.9 per cent
- Graduate salaries to fall to lowest level since 2003
- Tesco Bank cuts personal loan rates
- Nationwide cuts loan rate to 4.9% for current account holders
- Citizens Advice calls for new tough payday loan advertising rules
- Payday loan popularity declines due to lenders bad reputation