It is currently 19 Nov 2017, 23:13

### GMAT Club Daily Prep

#### Thank you for using the timer - this advanced tool can estimate your performance and suggest more practice questions. We have subscribed you to Daily Prep Questions via email.

Customized
for You

we will pick new questions that match your level based on your Timer History

Track

every week, we’ll send you an estimated GMAT score based on your performance

Practice
Pays

we will pick new questions that match your level based on your Timer History

# Events & Promotions

###### Events & Promotions in June
Open Detailed Calendar

# help securing french loan as US citizen

Author Message
TAGS:

### Hide Tags

Intern
Joined: 04 Jul 2012
Posts: 6

Kudos [?]: [0], given: 0

Schools: AGSM '15
help securing french loan as US citizen [#permalink]

### Show Tags

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?

Kudos [?]: [0], given: 0

Senior Manager
Joined: 30 Jul 2012
Posts: 340

Kudos [?]: 118 [0], given: 215

Concentration: Finance, Economics
GPA: 4
Re: help securing french loan as US citizen [#permalink]

### Show Tags

22 Jan 2013, 19:29

Kudos [?]: 118 [0], given: 215

Intern
Joined: 04 Jul 2012
Posts: 6

Kudos [?]: [0], given: 0

Schools: AGSM '15
Re: help securing french loan as US citizen [#permalink]

### Show Tags

22 Jan 2013, 19:58
Ducksworth wrote:

Hello, thank you for replying. This loan would be for HEC Paris.

If you have any advice, it would be much appreciated!

Kudos [?]: [0], given: 0

Intern
Joined: 18 Apr 2012
Posts: 36

Kudos [?]: 7 [0], given: 0

Location: Hungary
Schools: LBS MIF '15 (M)
GMAT 1: 690 Q48 V37
GMAT 2: 710 Q49 V38
WE: Asset Management (Mutual Funds and Brokerage)
Re: help securing french loan as US citizen [#permalink]

### Show Tags

23 Jan 2013, 07:01
maxpower2k12 wrote:
Ducksworth wrote:

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.

Kudos [?]: 7 [0], given: 0

Senior Manager
Joined: 30 Jul 2012
Posts: 340

Kudos [?]: 118 [0], given: 215

Concentration: Finance, Economics
GPA: 4
Re: help securing french loan as US citizen [#permalink]

### Show Tags

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?

Kudos [?]: 118 [0], given: 215

Re: help securing french loan as US citizen   [#permalink] 25 Jan 2013, 09:36
Display posts from previous: Sort by

# help securing french loan as US citizen

 Powered by phpBB © phpBB Group | Emoji artwork provided by EmojiOne Kindly note that the GMAT® test is a registered trademark of the Graduate Management Admission Council®, and this site has neither been reviewed nor endorsed by GMAC®.