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Multiple loan applications within 2-3 months

 
 
JivaDas
 
Reply Tue 27 Oct, 2015 12:24 am
I want to apply for two loans within a 2-3 month period. My situation is good credit, good rental history, fair work history.

I want to apply for a small personal loan, about 7000 dollars. Assuming approval on that loan, I will apply for a second loan, an auto loan, 2-3 months afterwards. The auto loan for about 17000 dollars.

What are the odds of a second loan getting approved in this kind of situation. How will a small personal loan affect my credit?
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jespah
 
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Reply Tue 27 Oct, 2015 06:26 am
@JivaDas,
Talk to a banker. If you have a good payback history on the first loan, I imagine it'll help you with the second one, but ask. They might even prefer you as a repeat customer.
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