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Whether or not someone can get a loan for a car or house or anything else largely depends on their credit history. It is also the discretion of the bank whether or not you get approved. With your income though, i would see no reason why you couldn't get an auto loan. I am not sure what the minimum age is for that but if nothing else you could always get a co-signer. Sorry if this doesn't help!
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∙ 16y ago
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What is loan quantum?
loan month
If an adult gets an auto loan for you can you have the loan signed over to your name when you are 18-years-old if you have a full-time job?
Actually, it is possible. If you have the adult cosign the loan for you and you never miss a payment, including making them on time, you will be on your way already to building a credit history, even though you're under 18. Once you hit 18, you should have a good credit score and you could have the auto loan be refinanced in your name without a cosigner. Your income will be taken into consideration but depending on the amount of the loan, you won't have to make "3000-4000" a month, that is, if the loan is going to be $300 a month and if you make $1200-$1500 and you show you have little expenses, it could work and the dealership will be able to get the car refinanced in your name.
Can a commission Basis Emplyee of RTA eligible to get bank loan?
I wish all the bankers should concern the above question. If the Employee earns 4000 to 5000 AED per month should get Bank loan and Credit cards.... Pls expert solve this issue.
How can one avoid a bad credit loan?
One can avoid a bad credit loan by making sure that one does not spend more than one earns. It is also worthwhile making sure that some money is saved each month to allow for unexpected costs.
What is loan delinquency?
Once a month, your loan goes out on a bender and gets bigger.
Received 4000 on credit account during the month of June?
Received 4000 on credit account during the month of june? Ans):- Cash A/c Dr To Loan A/c
What would my mortgage payment be on a 650,000.oo no income verification loan?
over 4000 a month
How much of a home loan can you get making 54K a year?
<$2K/month payment
What is loan quantum?
loan month
If an adult gets an auto loan for you can you have the loan signed over to your name when you are 18-years-old if you have a full-time job?
Actually, it is possible. If you have the adult cosign the loan for you and you never miss a payment, including making them on time, you will be on your way already to building a credit history, even though you're under 18. Once you hit 18, you should have a good credit score and you could have the auto loan be refinanced in your name without a cosigner. Your income will be taken into consideration but depending on the amount of the loan, you won't have to make "3000-4000" a month, that is, if the loan is going to be $300 a month and if you make $1200-$1500 and you show you have little expenses, it could work and the dealership will be able to get the car refinanced in your name.
Can a commission Basis Emplyee of RTA eligible to get bank loan?
I wish all the bankers should concern the above question. If the Employee earns 4000 to 5000 AED per month should get Bank loan and Credit cards.... Pls expert solve this issue.
Can you get a car loan without a co-signer a small loan only about 4000?
Yes, if your credit is good enough. I have never had to have a cosigner for a car loan.
How often will a lender of a car loan check your credit report if all payments are made on each month?
While you are meeting the terms of the loan contract and making all the payments required on time, the lender will not see that there is any problem with your loan.
How can one avoid a bad credit loan?
One can avoid a bad credit loan by making sure that one does not spend more than one earns. It is also worthwhile making sure that some money is saved each month to allow for unexpected costs.
Get a 4000 loan with poor credit but good income?
I have a good income but poor credit.
What is loan delinquency?
Once a month, your loan goes out on a bender and gets bigger.
Can a 16-year-old making 4000 dollars a month get a car loan?
A car loan is a contract between the buyer and the lending institution. In order to sign a contract and make it binding on both parties, the buyer needs to be 18 years old. The way around this is to use a co-signer, who must be 18 years old. However, if a co-signer is used and the 16 year old stops paying, the co-signer is responsible for the entire debt.
