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

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

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

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

• 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.

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

Personal Loan: Use for rent, medical bills, or any expense.

Education Loan: For tuition, books, course-related expenses.

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.

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

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