> Can I take out a loan at 18?

Can I take out a loan at 18?

Posted at: 2015-05-24 
I want to take out a loan for my exchange year in a few months and I kinda want to take out around 4,000 would any banks let me?

If you get a student loan they will. Try sallie mae. But you need credit first. So get a credit card and be responsible. Try to get a store charge card, no one else will approve you. I know of cases where Wal mart will often give a credit card to first time borrowers. Try there and good luck!

The only sort of loan you can get with no job is a student loan, which would be deducted by your employer when you start working.

you can legally try to get a loan, whether or not you get one depends on your credit rating and employment, and income

No as you have no income to pay it back. They are not going to wait until you find a job, they want monthly payments.