We are in the process of applying to emigrate to OZ

[lauratee]

but I have a UK loan will this affect me or can I take it with me - it is a rather large loan so there is no way I can pay it all back before we go.

[hectic]

Is it with a bank? If so and that bank has a branch in Australia you might be able to transfer the loan.

2) Keep your UK bank account (if poss) and transfer the appropriate funds to it when required.

3) Take out a loan with an Australian loan company (although you may have to live there for a certain period of time before you can do this) to pay off the UK loan.

[dzug]

Are you asking the question 'will the Oz authorities turn be down because of the loan?'

Don't know the answer, but someone might seeing it expressed more bluntly like that.

[themas]

I assume you're not trying to run away from the loan (if you did, they would almost certainly catch up with you eventually). Talk to the lender and sort out how you can go on making the payments after you leave. They can't prevent you moving abroad and should have no problems if you go on with the payments.

[WendyS]

Just one thing to be aware of. It may end up being an expensive loan repayment if you're able to transfer it to Australia and have to take into account exchange rate differences which might not work in your favour.