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.