When you don't have any credit and you want to obtain a good loan, it can be frustrating. I tried to obtain a loan before and it was difficult without good credit or at least that's how it is with prestigious banks. If you try a smaller and non-prestigious banks who really need your business then you might be able to work a few deals out. If you don't have any credit and you're in need of a loan, you can try to apply for credit cards that are available for people with little or no credit and you might get some money from it. If you apply for a credit card with Capital One or Orchard Bank, you'll most likely get approved since they offer credits to people with minimal credit history. If you get approve for one card with Capital One then you'll at least get a $500 credit for one card and this is about as much as you can get with a personal loan when you have no credit. Hopefully the $500 is around what you're looking for but it's harder to obtain a loan over $1000 without good credit. You can get a high amount of loan if you can prove that you have a high income job currently and usually this will be taking into consideration. If you have a high income job currently, it shows that you'll most like be able to pay back your loan monthly. If you have a high income job then you might want to give it a try and see if they will approve you.

If you apply to a few credit card company that offers credit to people with little credit history then you might have two or three available credits to spend on at the present time while you build your credit history. This is just an alternative source if you really need a loan and can't get a personal loan approved. When you are young you should try to establish some credit so that you can use that credit history at a later time. It's difficult to obtain a good personal loan for a decent amount when you don't have a credit history. You might be able to do it with smaller banks that really need your business or payday loan that have a very high interest rate. While you try to get a loan, you should also think about applying for credit card and building your credit history. You can get a small loan like a payday loan if you have a job and they will most likely approve you but the interest rate is very high. You'll be paying like $40 worth of interest rate charge for a $300 loan. This is like paying 10% interest rate which is a high rate comparing to a 1 or 2% interest rate if you have good credit.

You can try to get a personal loan by having a co-signer signing with you for your loan. This will look more promising for you because the co-signer is now responsible for your loan as well. If you can't pay it back then the co-signer will be hold responsible for your debt. You can get your parents or siblings to co-sign for you until you establish good credit. Usually a prestigious bank will have higher standards and it's harder to get your application approved by them. You might want to try less prestigious banks that are in need of business. I discovered that what one bank can't do for me another can do it. If Bank of America can't give me a high credit limit then US Bank can give me twice the credit as them. This happened to me and I know that different banks will have different standards and you can get some better deal at different banks. If you have no credit, it's difficult to obtain a large amount of personal loan at a prestigious banks so you should try banks that will offer you personal loan with no credit but then the interest rate is high. One important note is to start building your credit because credit is weighted heavily when it comes to applying for any types of loans.