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Is it possible to get a loan if you're not working and are a student who wants to buy property or start a business? |
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Almost anything is possible in the lending business, but finding someone who is willing to do it is something else. The two biggest things that creditors look for when deciding to lend credit are how good ones credit is, and how well their repayment situation is (i.e. steady income). If the loan happens to be a collateral loan (such as a house or car) then they also want to make sure the property is of value and worth lending on.
I'm sure there are loans out there designed for students, students looking to start a business, students looking to buy a house, etc. But, again, the trick is finding them.
One suggestion might be checking with government agencies that might specialize in loans for people in your situation :)
First answer by Bdehler2004. Last edit by Bdehler2004. Contributor trust: 167 [recommend contributor]. Question popularity: 44 [recommend question]
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