As we all know, when applying for a loan, lending institutions have certain requirements for the age of the borrower. So, what kind of loans can be applied for if the borrower has just turned eighteen?

1. Student loans

Student loans do not have particularly strict age requirements for borrowers, as long as If the borrower's family is poor and has proof of college attendance, he or she can apply for a student loan. After successful application, the borrower can obtain a student loan amount of up to 8,000 yuan per year, and enjoy an interest-free policy until graduation. In September of the year of graduation, interest will be calculated based on the central bank’s benchmark interest rate.

2. Home mortgage loan

Although it is difficult to get a loan if you are over 18 years old, it is not impossible to get a loan. If the borrower has a certain repayment ability, it is also possible to obtain a loan. If the borrower owns a property in his personal name and has a certain income, he can apply for a property mortgage loan. There are several points to note when applying for a real estate mortgage loan:

1) It is often difficult to apply for a real estate mortgage loan directly from a bank. It is best for borrowers to find a loan intermediary or loan company, as it may be more difficult to obtain a loan.

2) While providing real estate, the borrower must also have a certain income. If the income is zero or too low, the application will be easily rejected.

3) The borrower must ensure good credit.