I'm thinking of buying some BHP shares now for the longterm but I don't have the Cash.
Will a Bank give me a Personal Loan for say $40-$50k worth of BHP shares? I can offer my Car as security which is fully owned and worth $25k, I have Cash in Term Deposits worth $60k, I have Shares worth around $15k and I have quite a good steady income which I can afford repayments of around $1k per month easily?
Can you repay a Personal Loan early, like if I took it out and decided to sell my shares 1 month later, can I pay the Loan out?
Need advice, thanks!
need some financial advice folks
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Last
$41.76 |
Change
-0.900(2.11%) |
Mkt cap ! $211.7B | |||
| Open | High | Low | Value | Volume |
| $42.02 | $42.09 | $41.75 | $565.3M | 13.46M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 176 | 109821 | $41.75 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $41.80 | 17792 | 2 |
View Market Depth
| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| BHP (ASX) Chart |