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Before you get your loan amount the bank would ask you to open an account. Keeping track of a customer without an account is very difficult and banks would insist on you opening an account with them before they give you the loan amount

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15y ago
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6mo ago

If you do not have a checking or savings account, it may be challenging to get a loan from traditional lenders. However, you can explore alternative options such as online lenders, peer-to-peer lending platforms, or credit unions that may have different requirements. You may need to provide alternative forms of documentation, such as proof of income or collateral, depending on the lender's requirements.

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Q: You do not have a checking account or saving account and need a loan?
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Related questions

Do you need a checking account to obtain a home loan?

no


What is my balance?

what is my recent deposit and balance on checking account elcantante i need my saving account balance


Do you need a cheque to withdraw cash from the bank?

depends if you have a checking account. but no, if it's only saving account.


Why do you need bank card?

so you can add money or save it into your saving account.you can also use it for a checking account and writting out checks.


Can you get a payday loan with a Prepaid account?

It is not likely you will get a payday loan with just a prepaid account. In order to get a payday loan, you need some guarantee that you will get your next payday. Lenders will ask that have a steady job, an active checking account and possibly signed up for direct deposit too.


I need to file my taxes on-line.?

You can go to irs.gov and use your checking or saving account to have any refunds put directly into your account. This is free and you usually get refunds quicker.


Can you get a payday loan with a prepaid master card?

No!In order to get a payday loan, you need a job and a checking account. Sometimes a direct deposit is needed. If you still want a personal loan but have neither of the above, try instead for a collateral loan.


Is it correct to say a transfer?

Yes. Transfer can be a noun or a verb, depending on how it's used. A transfer is the act of transferring something. You can buy a bus transfer when you board the bus and pay your fare. I need to make a money transfer from my checking account to my savings account. -OR- I need to transfer money from my checking to my saving account.


Who will approve you for a bad credit personal loan?

If you have bad credit you can still obtain a loan up to $1500 from most online payday loan companies. Most don't require a credit check, but you'll need to provide a checking account and have a job that deposits your check directly into your checking from which the loan can be repaid (auto drafted) from.


What information do you need to present to get a same day payday loan?

You will need to present a valid identification card (passport or drivers license) and a valid pay stub and checking account statement. This is to ensure you will not default on your payday loan.


Do you need to have a job to open a checking account?

You do not need to have a job to open a checking account, you do however need some money to put into the checking account so having a job or having a parent with a job is almost always a necessity, as a means to get the money to start the account.


Can you have 300 dollars with out a checking account?

Of course, there isn't a law that says that you need a checking account to posses money.