Q:-Do I need a co-applicant for a collateral free education loan?

Having a co-applicant can strengthen your loan application and increase the chances of loan approval. A co-applicant is usually a parent, guardian, or spouse who acts as a guarantor for the loan. Their income, creditworthiness, and financial stability play a crucial role in determining your loan eligibility. That being said, there are a lot of lenders that provide non-collateral loans without the need for a co-applicant. Apply for loan on StudyMoon today to get access to the best loan offers without any collateral.