My GPA is below 2.0 and i do not meet the requirements of receiving financial but can i receive student subsidized/unsubsidized loan if i apply for one?
Student loans ARE financial aid. Yes, you need to be eligible for financial aid to get a student loan.
Nope, as twoanddone stated, if you are not eligible for financial aid , based on what you wrote it looks like you did not meet SAP, you are not eligible for loans (which is financial aid).