A school diploma is not necessary to obtain a loan from a bank; if it were, it would undoubtedly be declined. That is all I am aware of regarding job application requirements, though. Maybe it will apply if you mortgage it to a pawnshop or borrow money from one. Banks require collateral, applying for a loan is difficult, and loans of any size require land, home, or company certificates in addition to car certificates.
Only ID's are needed to apply for a loan and maybe some nice collateral. It is when we apply for a job, we are required to show a school diploma. Applying for a loan in a bank can be difficult. Banks do also have high interest rate but there are still lots of loaning companies out there (including the online ones) that we can try. They might not be strict as the banks and you can get your money in short period of time.
@OP I know the feeling on why banks or other loaning companies can disregard a school diploma. They think it's only just a piece of paper with no value but they did not know the struggle of the student only to get this piece of paper.
Right now in my country getting a loan is a very tough thing, banks do not give out loans all that easily because of the inflation, they know that if they give you the money then you could even get like some brand new iphone and sell for higher later on and not only pay the debt back but also profit, it's that simple. That's just an example do not do that for real but that made getting a loan pretty harder.
In the end school diploma, salary proof, and no other thing you could get even come close to the fact that we are going to end up with anything that will be allowing us with bank loans if we are not asking for what would be small for us, something big has way too much risk that the banks do not want to take into consideration at this moment.
