No income? Here's how students can still get loans easily

Need money during studies?

English Students often face unexpected financial needs during their studies. A personal loan can be a good option.

Students can get loans without income

English While income is typically required for loans, students can obtain loans without income. Let's find out how.

What is a personal loan?

English A personal loan doesn't require collateral. You can use it for medical expenses, rent, or other needs.

How to get a loan without income?

English Loan with a guarantor: Your parents or working siblings can be guarantors. Part-time job: If you're working part-time or freelancing, getting a loan can be easier.

What does a guarantor mean?

English A guarantor is responsible for repaying your loan if you default.

Personal vs. Education Loan

English Personal Loan: Use for rent, medical bills, or any expense. Education Loan: For tuition, books, course-related expenses.

Required Documents for a Loan

English These documents are essential for a loan: ID: Aadhaar, PAN, Voter ID, or Passport. Address Proof: Aadhaar, PAN, Utility Bill. Income Proof: Guarantor's bank statements.

Things to consider before taking a loan

English Understand loan terms, benefits, and drawbacks. Plan loan spending wisely. Repay on time to avoid financial pressure.

Why personal loans benefit students

English If facing financial constraints during studies, this can help. With proper planning, balance your studies and expenses.

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