Qualifying for a bank loan can be tough when you’re 19 years old and haven’t established an extensive work or credit history. However, just because you don’t have a credit score doesn’t mean you aren’t a good credit risk. Simply paying your cell-phone bill on time could be enough to get a lender to take a second look.

Earning Enough

One of the major factors a lender considers before deciding whether to give you a loan is having enough income to repay them. If you can't afford the payments, you aren’t going to get a loan. On your part, determine whether the lender is offering repayment terms you can handle. Find out from the start how much you'll be paying back over the life of the loan and check the interest rate on offer. Getting a lower rate means paying back less money. Make sure you look presentable and businesslike when you apply. First impressions count.

Credit History

Credit matters big time when it comes to getting a loan and your past payment history plays a huge part in calculating your credit score. If you haven’t built much of a credit history, a lender will probably charge a higher interest rate and won’t lend you as much money. You can work on improving your credit score before applying for a loan by paying off delinquencies and debts. If your history is still an issue, ask a parent or a relative with good credit to cosign on a loan. Doing so means a big obligation on their part because they're equally responsible for the loan if you don't make the payments, so ask nicely.

Collateral Choices

When applying for a loan, the bank will want to know why you need the loan. In addition, lenders feel a lot better if you have something they can take as partial or full payment if you default on the loan. However, at 19 you may not have a lot of assets, which might require creating some. Although banks usually won’t use a savings account as collateral, some accept a certificate of deposit to secure a loan. If you're borrowing money to buy a car, the bank can use the car as collateral and repossess it if you default.

Credit Aid

Increase your chances of getting approved by opening a credit-card account and paying the balance in full each month. If you can swing a small car loan to start, making loan payments on time for two years can boost your credit score. You may have a better chance of qualifying for a short-term loan that doesn't require collateral. Having at least two years of steady employment helps your chances, too. Since the bank will want proof of income, have recent pay stubs handy when you apply, as well as W-2 forms and federal income tax returns.