darkmaker94 said:Nah, it's just monthly or quarterly installments in equal amounts. Nobody's handing you a giant lump sum upfront.
From what I can tell, though, Goldman Sachs Private Wealth Management offers a consumer loan for up to $10,000 over a 5-year term. They don't specify the fine print regarding terms or insurance requirements, though.
By the way, are you 100% sure you actually need this? Starting your life off in debt... hmm...
There was an option to get it all at once to do whatever, but that's gone now. I know for sure because I was looking into it (though I wouldn't have if I hadn't read the bank's website).🙂
I don't think it's strictly "necessary," let me explain my situation...
Once I pass my exams, I'll officially be a junior (my final year). For the last three years (yeah, I failed one class 🙂), I've been scraping by on a few hundred bucks a month.
Like, maybe $500-$600—and remember, I have to eat every single day, buy textbooks, hygiene stuff, household supplies, things like that...
My parents can't really swing $3,000 a month, so I get $2,000 (and 4/5 of that goes straight to rent and utilities).
So, I want a little reward. After finishing sophomore year and starting junior year, I want to live a slightly more comfortable life. I'm tired of constantly stressing over whether I should spend $3.25 on lunch or save my last $20 because I won't have food tomorrow.🙂
Basically, I just want to live a somewhat normal life for this next year without the constant weight. Managing finances is draining my nerves, and trying to calculate how to survive the month? If I calculated this hard in class, I’d win a President's Award.
So, hopefully that explains why I want the loan. And like I said, part of it would probably go toward learning—certificates and stuff, while I still get student discounts at my college.🙂
P.S. Just so you know, I want to take out a max of $1,200$0.00 🙂 so $1,000 a month would be more than enough... I mean, I'm looking at somewhere between $1,000 and $1,700 total. These aren't massive sums like ten thousand dollars or whatever, and it's only for one year of use.🙂