Apply for Loans for 18, 21 and 25 Year Olds and Young People Today!

If you are 18, 21 or 25 years old, Dime Alley can help find the best loans including payday, instalment and loans for bad credit, whether you are looking to borrow $500, $1,000 or $2,000. Submit your information online in less than 5 minutes and get an instant decision on the screen. To begin, simply click on the ‘Get Started’ button below.


How to Apply for Loans for 18, 21 and 25 Year Olds

Dime Alley offers a fully online application process where you can submit your details in just a few details and receive a decision on the screen, taking all your loan requirements into consideration. Make sure that you have some key information on hand such as your monthly income, expenses and bank account details.

Step 1: Apply Online Today
It takes 5 minutes!
Step 2: Wait to Hear Back
The same day or within 24 hours.

Step 3: Receive your $1,200, $1,300 or $1,400!
Receive funds into your account in 1 hour!

What is the Best Way to Borrow Money if You Are 18, 21 or 25 Years of Age?

If you are looking for loans for young people or under 21, you may find that you can borrow money but maybe it is just smaller amounts – whether it is on a credit card, a payday loan or personal loan. 

The amount you can borrow will be based on factors such as having a regular income and have some kind of credit history. But if you maybe have a small income or no credit, you may find that you have a starter credit card or small loan of just $100 or $200 to get you going.

You may also receive slightly higher rates in case you default, simply because there is more risk involved for the lender.

Having a regular income will be key, which is certainly possible as a young person even if you work full-time or part-time. 

Representative Example

Borrow $1000 over 3 months, at 400% APR, 3 repayments of $576.58, total repayable $1729.74.

What Can Loans for Young People Be Used For?

  • Start a business
  • Buy a car
  • Buy an engagement ring
  • Pay for a wedding
  • Pay rent and household bills
  • Pay for holidays and entertainment
  • Pay for clothes for work

What is the Criteria for a Young Person Loan?

  • Must be at least 18 years old
  • US resident
  • Have a social security number
  • Have a regular income (part-time or full-time)
  • Students OK if also earning a regular income
  • Some credit history recommended
  • Have a bank account/checking account
  • Have an email address and working cell phone

Is It Hard to Get Loans for Young People or If You Are 18, 21 and 25 Year Olds?

Yes, typically it is find loans for young people because they may have a limited credit history and this can be hard for a lender to determine whether they are a good person to lend to or not. 

For older people, they would have built up a better credit profile and usually have had multiple loans, credit cards, car leases or even a mortgage – and this can give lenders a better idea if the person is good to lend to.

But in some cases, young people of 18, 19 or 20 years of age may not have any credit, income or are still living with their parents or are at college- and this can make it hard for a lender to confirm their eligibility.

However, at Dime Alley, we work with a range of lenders who are willing to take all ages and backgrounds into consideration. After all, you may be a young person but you may be very independent with a regular income, bills and a good credit history – and there is no reason why you cannot access the money you need, whether it is $500, $1,000 or $2,000.

Free Application
When you apply for a bad credit loan with Dime Alley, you won’t be hit with any hidden fees.
We only work with legitimate lenders, making sure you
are being offered fair rates.

Stress Free
Through our soft search service, we assess your application and credit history without it impacting your credit.

Our Other Products

Can I Get a Loan if I am 18 or 21 and Have No Credit or a Bad Credit Score?

Yes, it is possible to apply for a loan if you are 18 or 21 and have no credit score or a poor credit history. There are a number of options available through Dime Alley including credit cards, credit unions, payday loans and even title loans which are borrowed against your car.

Whilst it may be a little trickier to borrow large amounts as a young person, provided that you have a regular job, income and can afford repayments, there are certainly a number of ways to borrow money if you are young.

At Dime Alley, we work with a range of US lenders, across all kinds of products. When you apply online, we will match your loan request, including the amount you wish to borrow and how long and take all your details into account to find the best type of product with affordable rates for you.

All the terms of the loan will be clearly presented to you beforehand and you are free to proceed if you wish!

Why Use Dime Alley for Loans for 18, 19, 20 or 21 Year Olds?

As a broker, Dime Alley uses thousands of data points and years of relationship building to match your loan requirements with the US lender who is most likely to approve you and offer the most affordable rates.

We appreciate what it is like to be young and the challenge of trying to find the best loans for young people, even if you have no credit or bad credit.

But by offering a completely free tool, with no impact to your credit score, you can complete your details in just a few minutes and receive an instant decision on the screen.

With Dime Alley, you are in control and you can choose whether you want to proceed or not, and at your own pace.

How to Apply Online for a Young Person Loan Today?

Simply click on the ‘Get Started’ button below and you will need to enter some basic details including your name, age, address, the amount you would like to borrow and how long for.

We will provide you with an instant approval on the screen and you will be presented with the full terms in an online loan agreement which you can sign digitally to proceed with your loan. Subject to further checks, your loan can be funded and transferred to your bank account within 1 hour for small amounts or around 24 to 48 hours for larger amounts.

What Information Do I Need to Provide to Be Eligible?

Personal details: Your full name, DOB, address, contact details and loan requirements.

Employment and income: Where your work and what income you receive each month and your pay date.

Monthly expenses: Your rent, credit card bills, car bills and any other ongoings each month.

Bank details: The details of your checking account or bank account where you wish to receive funds and have payments collected from.

What People Say About Us

Frequently Asked Questions about Young Person Loans

In Which US States Can I Get a Loan?

If you are looking for payday loans, these are available in competing states including Alabama, California, Colorado, Florida, Kentucky, Indiana, Iowa, Louisiana, Nevada, Ohio, Tennessee, Texas.

Other general unsecured, secured or title loans may be available across all US states if they charge 36% APR or under.

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What Year Must I Be Born To Get a Loan?

We offer loans for people born in 2005, 2004, 2003 – so we can accommodate those who are 18, 19, 20, 21 years old and looking to access finance today.

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Can Repaying My Loan Improve My Credit Score?

Yes, repaying your loan on time will be reported back to a credit reference bureau and this will build up your credit score if you regularly pay on time. However, failing to pay on time will cause your credit score to fall and impact your chances of being approved for credit cards and loans in the future.

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Is Collateral Required for My Loan to be Approved?

No, not necessarily, we may offer you a title or car loan, but you may be recommended an unsecured or personal loan depending on your income, circumstances and loan requirements.

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Do I Need to Have a Job to be Eligible for a Loan?

Yes, you will need to be employed and earning a regular income either full-time or part-time to be able to apply and be approved for a short term loan.

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Can I Apply if I am Living at Home?

Yes, you can absolutely apply for a loan if you are living at home or with your parents, or even in dorms, assuming that you have a regular and stable income from a job or elsewhere.

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Do I Need my Parents To Be a Co-Signer For my Loan?

No, not necessarily, whilst we offer co-signer loans as part of our mix, we have a number of different loan options which we will potentially pair you with including payday, title, unsecured, credit unions, apps and more.

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