Several banks and credit unions offer first loan programs for persons under the age of 18. Obtaining a loan under the age of 18 is more challenging due to the lack of credit history, but it is not impossible.Continue Reading
If the borrower is under the age of 18, any loan obtained is likely to require a co-signer or guarantor. The person who co-signs the loan is responsible for repayment if the borrower cannot, and co-signer's creditworthiness is the most important factor in obtaining the loan.
If the loan is for school-related purposes, start by consulting the financial aid office of the school you are attending or looking to attend. Financial aid programs for education are available to students, regardless of age, and their parents or guardians.Learn more about Personal Loans
Loan programs available for purchasing agricultural land include the U.S. Department of Agriculture's beginning farmer and rancher development program, direct and guaranteed farm loans, microloans and the down payment loan program, according to National Sustainable Agriculture Coalition. Farm Credit System institutions, private banks, and the Farm Service Agency also offer loans to purchase land.Full Answer >
To secure a loan while unemployed, search online for lenders that specialize in high-risk loans and have programs that do not require employment information on their applications. These applications can be completed in minutes. Be prepared to provide your address, Social Security number and bank account information.Full Answer >
CitiFinancial reports that $300 to $10,000 secured or unsecured personal loans are available to applicants and approved based on credit history and ability to repay. Secured loans using a car as collateral allow borrowers to receive lower rates than unsecured loans offer, as claimed by CitiFinancial.Full Answer >
The primary business focus of Progreso Financiero, now known as Oportun, is issuing personal loans to individuals in the Hispanic community who have limited or no credit history, explains Oportun. Oportun reports loans and payment activity to Experian and TransUnion to help customers develop a strong credit history.Full Answer >