Can i get a loan without a bank card?

[charlie]

I was wondering if it’s possible to apply for a loan without having a bank card. Do lenders accept other options like direct bank transfers, cash, or mobile wallets? Has anyone here managed to get approved for a loan without using a debit or credit card?

 

[brook]

Yes, you will be able to take a loan without a bank card, but it is up to the lender. It is possible to deposit money to some NBFCs, microfinance institutions or even cash through loan apps. Most formal loans however require the opening of a bank account.

 

[isabel]

Yes, you can get a loan without a bank card if the lender offers other disbursement methods like cash, cheque, mobile wallet, or direct transfer to your bank account. However, most formal lenders prefer an active bank account for repayment.

 

[Emly]

Yes, you can get a loan without a bank card, but you’ll usually need an active bank account for disbursement and repayment. Some lenders, microfinance institutions, and digital loan apps also offer alternatives like mobile wallets, cash disbursement, or prepaid cards.

 

[Lucky]

Yes, you can get a loan without a bank card. Many lenders offer personal loans or payday loans without requiring a bank card. Instead, they may ask for bank account details, proof of income, identity verification, and other documentation. Online lenders and credit unions often provide flexible options, but interest rates may be higher.