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Extending the term of a loan

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NewMrsX · 06/04/2015 11:10

I'm trying to work out a budget for maternity leave and wondering if this is something the bank is likely to agree to?

When I start maternity leave I'll still have 18 months remaining on the personal loan but the repayments will be unaffordable unless I can spread them out this way. I know I'll have to pay more interest though.

We had planned to pay it off before having a baby but it happened naturally after us thinking it wasn't going to so a bit of a surprise! We're obviously happy but panicking now!

Thanks for any advice Smile

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