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Intern
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help securing french loan as US citizen [#permalink]
 22 Jan 2013, 16:51
Hello,
I was wondering if any Americans on this forum have had experience taking out a student loan from a French bank?
You apparently need to obtain an international bank guarantee? I was under the impression that US banks were actually unable to issue bank guarantees. If true, do you know of any other way alternatives to a bank guarantee?
Or if this isn't true, do you know which banks offer this service?
Thanks in advance!
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Senior Manager
Joined: 30 Jul 2012
Posts: 309
Concentration: Finance, Economics
GPA: 4
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Re: help securing french loan as US citizen [#permalink]
22 Jan 2013, 19:29
Is this for Insead?
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Re: help securing french loan as US citizen [#permalink]
22 Jan 2013, 19:58
Ducksworth wrote: Is this for Insead? Hello, thank you for replying. This loan would be for HEC Paris. If you have any advice, it would be much appreciated!
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Intern
Joined: 18 Apr 2012
Posts: 32
Location: Hungary
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Re: help securing french loan as US citizen [#permalink]
23 Jan 2013, 07:01
maxpower2k12 wrote: Ducksworth wrote: Is this for Insead? Hello, thank you for replying. This loan would be for HEC Paris. If you have any advice, it would be much appreciated! Hello, I was in the same situation, only I'm based in Hungary. Firstly, here banks don't really issue bank guarantees for individuals only for corporates. Maybe I could have arranged it somehow but they said that they would issue the guarantee only if I deposit the loan amount in cash to their account and keep it there until the loan matures... which made the whole thing pointless since why would I need a loan if I can put the same amount in cash to their account? In the end that's why I gave up applying for HEC MBA.
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Senior Manager
Joined: 30 Jul 2012
Posts: 309
Concentration: Finance, Economics
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Re: help securing french loan as US citizen [#permalink]
25 Jan 2013, 09:36
I am neither a US citizen nor enrolling at HEC. But, if useful, I read that some americans are applying for a loan with Sallie Mae to attend Insead. Maybe this works?
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Re: help securing french loan as US citizen
[#permalink]
25 Jan 2013, 09:36
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