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The simple answer is no. You must be employed to receive a loan from a bank as otherwise they have no proof that you will pay it back. Hope this helps.
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What will be journal entry if a bank gives loan?
bank a/c dr to bank loan a/c
When the bank gives adjustment on principal on a loan what account do you debit?
the loan
Why bank gives loan?
Akhil Lakhan Says:- Bank gives loan because they are the professionally financial institutions whose main aim to earn profits.
Where can you get a loan without a bank account?
no where !
How do you use bank loans to buy a starter home in the game of life?
One bank loan = $20,000. But if you get a bank loan, you have to pay $25,000 back to the bank by the end of the game. The bank gives you $20,000 when you get a bank loan, and you can use that money to pay for your house. Just remember one bank loan is essentially -$5000.
What is the equaity loan on a new house?
An equity loan is where the bank gives the borrower cash for the loan amount. In return for the money the bank now owns that portion of the new house.
What is a unsecured home improvement loan?
Loan given by bank without security (meaning: Home equity is not used by bank)
How can you get a personal loan without a bank account?
You cannot. Banks usually expect an auto-debit instruction from a bank account for the monthly payments for the loan. That can happen only if you have a bank account and so you cannot get a personal loan without a bank account. Banks would ask you to open an account if you want a loan with them.
Why would a bank give an auto loan without requiring a lien?
This would not be considered an auto loan by the lender. This would be considered a 'signature' loan. If you have good enough credit and a good relationship with your bank, they will loan you money without collateral.
Who bought out western savings and loan?
Great American Bank
What is one advantage of obtaining a business loan from a bank rather than from a venture capitalist?
A. The bank loan ensures that the business will be successful. B. The bank loan can be borrowed for a longer period of time. C. The business that receives a bank loan retains full ownership of its company. D. The bank loan can be obtained without paperwork.
Where can you get a payday loan with no bank account?
It is quite tough to get a payday loan without a bank account but you can find some companies which offer these facilities too.
