You can apply for loans for others in your own name.
In fact, the bank staff will only examine the qualifications of the loan applicant, and he will not care whether the loan is for your own use or whether you apply for it for others in your own name. As long as your qualifications are good, then the bank will agree to your loan application. So you can apply for a loan for others in your own name. At this time, the applicant for the loan is you. You also need to bear the responsibility for subsequent repayment. If you don't pay back, it will cause loans overdue, and it will be reported in the credit report, which will have a serious impact on your life.
Can I help others with loans in my own name?
In fact, Bian Xiao thinks it is not a good thing to help others get loans in his own name, because if your friends don't pay back, then you need to use your own money to repay the bank loan. Because no matter who the bank applies for the loan, the applicant for the loan is you. If you apply for a loan in your name, you need to repay it. In practice, when the actual borrower can't repay, the bank will definitely recover from the nominal borrower, so the nominal borrower has to bear the repayment responsibility. Therefore, Bian Xiao advises you not to apply for a loan for others in your own name, which will have a serious impact on your life.
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Bian Xiao thinks that loan is a serious matter. When money disputes are involved between friends, the relationship may break down, so it is best not to help others apply for loans in their own names. However, if you have a good relationship, he can also apply for a loan for a friend in his own name.