Grace Enfield, Content Writer
@grace_enfield
The best personal loans for students with no job are through Upstart since the loans have APRs typically of 5.35% - 35.99%, dollar amounts of $1,000 - $50,000 and no credit score requirement. Upstart says that applicants who don’t have a job can list another source of regular income or even a job offer. Whenever you apply for a personal loan, from any company, you will need to prove that you have the ability to make the payments.
Upstart is a good place to start your search, but you should consider other companies, too. You can see a comparison of the best personal loans for students with no job below. You can also estimate your rates with WalletHub’s free pre-qualification tool.
Best Personal Loans for Students with No Job
| Company | APRs | Loan Amounts | Credit Score Requirement |
| 5.35% - 35.99%, typically | $1,000 - $50,000 | None | |
| 7.99% - 35.99% | $2,000 - $50,000 | 640 | |
| 8.49% - 35.97% | $1,000 - $50,000 | 620* | |
| 7.99% - 29.99% | $5,000 - $50,000 | 620 | |
| 9.95% - 35.99% | $2,000 - $35,000 | 580 | |
| 7.99% - 35.99% | $2,000 - $30,000 | 620 | |
| 59% - 160% | $500 - $4,000 | None |
*According to multiple third-party sources.
Alternatives for Students with No Job
You may want to consider getting a loan with a cosigner to improve your chances of getting approved. Just realize that if you’re irresponsible with the loan, the cosigner will have to repay it.
Using a credit card may be a good option for you, too. You don’t necessarily need to be employed to get a credit card, but you will need to demonstrate the ability to pay the monthly bills, just like with a personal loan.
If you’re looking for a loan to cover education expenses, you should consider getting a student loan from the government. These loans do not require employment to qualify.
The full range of available rates varies by state. The average 5-year loan offered across all lenders using the Upstart platform will have an APR of 24.83% and 60 monthly payments of $26.36 per $1,000 borrowed. For example, the total cost of a $10,000 loan would be $15,817 including a $594 origination fee. APR is calculated based on 5-year rates offered in the last 1 month. There is no down payment and no prepayment penalty. Your APR will be determined based on your credit, income, and certain other information provided in your loan application. Not all applicants will be approved.
Your loan amount will be determined based on your credit, income, and certain other information provided in your loan application. Not all applicants will qualify for the full amount. Minimum loan amounts vary by state: GA ($3,100), HI ($2,100), MA ($7,000), NM ($5,100), OH ($6,000).
2022 Best Personal Loans Offer
Compare OffersPeople also ask
Can you get a personal loan as a student?
Yes, you can get a personal loan as a student if you are at least 18 years old, you meet the lender’s credit score requirement, and you have enough income or assets to afford the loan. Lenders don’t consider education status in the approval process, so both students and non-students… read full answer
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