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A simple one word answer in NO. In law, the contract of a minor is voidable (by the minor) not void. Practicably, lenders do not lend to a minor because it is not enforcable. But if a minor gets a co-borrower or guarantor on a loan, then he/she will have a better chance of acquiring a loan. Another way is to obtain a collateralized loan.
What else can I help you with?
Can a child get a loan?
No a child cannot get a loan. You need to be 18 years old to legally get a loan.
Can you get a car loan at sixteen?
no you need to be 18
How does a 16 year old get an auto loan?
you need to be 18 to get a auto loan,and then you would most likely need a co. signer.
How old do you need to be to get a bank loan?
more than 18 years old
Is it possible for a person under 18 to apply for a loan?
No-a person must be of legal age to apply for a loan and in some cases, will need a co-signer for their first loan.
If you are 18 with no credit can you get a loan?
There are loans called payday loans that do not require credit and you can be 18 or older. All you need is a job and you can get a cash advance until your next payday, thus the term payday loan.
What does an 18 yr old need to take out a loan?
Either: 1) A co-signer with excellent credit and the capacity to repay the loan should the 18 year old fail to do so -OR- 2) Cash collateral (someone who will pledge a CD in the amount of the requested loan as collateral)
Can you get a loan if you are under 18?
No, you must be 18 or over, or you must be emancipated in order to obtain a loan.
What can you do when im 18 years old?
what if i have a loan and im just 18 and the law is 19 to get a loan in Alabama
How do you remove a loan from the Kiva organization?
In order to remove a loan from the Kiva organization you will have to pay it off. After paying it off you can always take out another load if you need to.
Can you apply for a home loan if im 18 years of age?
yes but you will need to have credit to do so, also an income
What is the legal age to get a loan in Australia?
its 18+
