What's your experience about asking a loan from your bank?

I ask and they say OK.

I have good long relationship with my bank and the people who work there, and a perfect credit history.

I don’t get loans from the bank. I have excellent credit and have gotten loans from a car dealer, a credit union, and a mortgage company. In each case, they made up paperwork based on our verbal agreement and I signed it. The mortgage company came to our house for the transaction.

I bought one car using my credit card, and paid it off at the end of the month with an interest free balance transfer. I have repeated this year after year, making minimum payments and using different interest free balance transfers.

I needed a small loan for medication in university. I was told that the minimum loan is $3,000. I asked about microloans and they didn’t know what I was talking about. I had no assests, and no employment, so a loan over $3,000 was automatically denied.

We had accounts with Wells Fargo for 20 years, then we moved to a state that had no Wells Fargo. We kept a couple accounts active with W F, but moved our everyday banking to a local bank. A few years later we asked them for a mortgage loan, and they turned us down flat. We had/have excellent credit.

They sure were upset when we switched credit cards after that stunt.

I asked for a small loan for a personal project, they granted it, I paid it off in a few months. That’s pretty much my experience.

I have Overdraft Protection. If I write a check and there’s not enough in my checking account, it’s like a loan every time. I pay a fee but the check doesn’t bounce.