How Old Do You Have To Be To Get A Loan?


5 Answers

Lily James Profile
Lily James answered
The legal age for you to take a loan is 18 years but then again there is no hard and fast rule to it. The bank will only offer you a loan if you are capable to pay it back. For this purpose, even if you are 30 years old and unemployed, you are not eligible to take a loan. On the other hand, a 12 year old kid can take a loan if his father is a billionaire and acts as a collateral.

There are different types of loans, for instance:
  • Student loan
  • Agricultural loan
  • Business loan
  • Building loan/finance etc
thanked the writer.
Cristina Acosta
Cristina Acosta commented
Because you do not enter any page of loans, all have their loans and conditions so that you can get better information. For example:

You have the following requirements:
Have fixed income. By showing that you have fixed income you will show that you can repay the loan by meeting your dues at the agreed time.

Be of age. This is a general requirement for any legal transaction.

Have a bank account, or your savings bank will also serve you. In either of the two you can make the payment of the loan.

In some cases, they will ask you for your credit history. Having a good credit record speaks highly of you, so it builds confidence in the lender and directly proportional to the interest rate they usually charge.

Your identity card. Another indispensable document for any procedure.
Cristina Acosta
Cristina Acosta commented
There are also more loans that you can report on Types of Loans
Owen Hargreaves Profile
Owen Hargreaves answered

It's not as simple as you think. You need to be a trustworthy delaer and it takes time. You can have a try by co-working with online creditors of that sort - But first be sure that you know all peculiarities of this business.

Karl Sagan Profile
Karl Sagan answered

Hey there... Please help me with my problem.  My car broke down and needs to be repaired, and my work is connected with constant movement around the city. But at the moment I do not have enough money and I think to take a loan for a couple of months. Friends advised the site and said that it is a solution. I read everything and it seems to me that everything is honest, but I still scared maybe someone who has already used it write to me. In general, I need help.

west smith Profile
west smith answered
We offer loan @ 3% interest rate and you can contact you for your loan asap.

West smith    ceo

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