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asked 11 months ago
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The legal age for you to take a loan is 18 years but then again there is no hard and fast rule to it. The bank will only offer you a loan if you are capable to pay it back. For this purpose, even if you are 30 years old and unemployed, you are not eligible to take a loan. On the other hand, a 12 year old kid can take a loan if his father is a billionaire and acts as a collateral.
There are different types of loans, for instance:
There are different types of loans, for instance:
- Student loan
- Agricultural loan
- Business loan
- Building loan/finance etc
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