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No. Minors are not eligible for loans as individuals. The only loan they are eligible for is an educational loan, that too will be granted only if an earning family member applies for the loan as a joint applicant. Loans are usually granted only to individuals who have an income and have the capacity to repay the loan.
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Are fixed deposits secured or unsecured loans?
Loans against Fixed Deposit (FD) are secured loans where borrowers secured against collateral (fixed deposit). The amount of secured loan depends on the FD deposit amount and this can go up to 90% – 95% of the deposit amount.Who can Apply for Loan against FD?· Loan against fixed deposits is extended to all the fixed deposit holders, be it individual holder or those with joint accounts· FD in the name of a minor does not qualify for this facility· Investors of 5 year tax saving FD cannot apply for this type of loanBenefits of Secured FD Loan· It offers lower interest rates in comparison with other types of loans (0.5% – 2% above the applicable FD rate)· You don’t have to break FD and go for premature withdrawal thus suffering loss of interest on FD· There’s no processing fees· You can obtain the loan against domestic as well as NRI FDs· The repayment is simple – a lump sum or installments (not later than FD tenure)
Can you get a payday loan with a insight prepaid direct deposit card?
can. you get a heyday loan with a insight prepaid direct deposit card?
How can a minor get a car loan?
A minor can not get a car loan ithout a parent signing the papers.
How does the Department of Education effect loan consolidation?
The Department of Education determines which students are eligible for a loan consolidation. One can apply onto their website to see if they are eligible.
What is an advance fee loan scam?
That's where a company pretends that they have approved you for a loan, and that you just have to send a deposit or fee to get it. After you send the money, you do not get the loan. You may be asked for a yet another deposit or fee, and they'll keep asking as long as you keep paying. But you will not get the loan.
What is loan against fixed deposit?
Fixed deposit is the case in which you deposit the amount for a particular time period. Now the loan which you get against your deposit is a specific amount of money which is differ according to bank policy.
Are fixed deposits secured or unsecured loans?
Loans against Fixed Deposit (FD) are secured loans where borrowers secured against collateral (fixed deposit). The amount of secured loan depends on the FD deposit amount and this can go up to 90% – 95% of the deposit amount.Who can Apply for Loan against FD?· Loan against fixed deposits is extended to all the fixed deposit holders, be it individual holder or those with joint accounts· FD in the name of a minor does not qualify for this facility· Investors of 5 year tax saving FD cannot apply for this type of loanBenefits of Secured FD Loan· It offers lower interest rates in comparison with other types of loans (0.5% – 2% above the applicable FD rate)· You don’t have to break FD and go for premature withdrawal thus suffering loss of interest on FD· There’s no processing fees· You can obtain the loan against domestic as well as NRI FDs· The repayment is simple – a lump sum or installments (not later than FD tenure)
Who's eligible for a VA-backed loan?
Veterans are eligible for a VA-backed loan. Veterans who were released are also eligible for VA-backed loan.
Can a loan calculator tell me if I am eligible for a loan?
There are calculators out there in the internet that can tell you if you are eligible for a loan. One calculator that is reliable is http://www.hdfc.com/applications/calc_ComputeLoanEligible.asp
Can you get a payday loan with a insight prepaid direct deposit card?
can. you get a heyday loan with a insight prepaid direct deposit card?
Can you get a loan with a rush card?
Can I get a loan with rushcard if I receive direcr deposit
How can a minor get a car loan?
A minor can not get a car loan ithout a parent signing the papers.
If you cosign a student loan will you still be eligible for a student loan for yourself?
YES
How does the Department of Education effect loan consolidation?
The Department of Education determines which students are eligible for a loan consolidation. One can apply onto their website to see if they are eligible.
Is there loan available at recurring deposit account?
maybe
What is MT 320?
Fixed Loan or Deposit Confirmation
Do you always need to be 18 to get a loan?
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.
