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maxpower2k12
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help securing french loan as US citizen 22 Jan 2013, 16:51
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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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Ducksworth
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help securing french loan as US citizen 22 Jan 2013, 19:29
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Is this for Insead?
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maxpower2k12
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help securing french loan as US citizen 22 Jan 2013, 19:58
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Ducksworth
Is this for Insead?
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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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laszlo
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help securing french loan as US citizen 23 Jan 2013, 07:01
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maxpower2k12
Ducksworth
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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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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help securing french loan as US citizen 25 Jan 2013, 09:36
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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?