What is the minimum income requirement for the loan?

Member

by heather , in category: Banking and Credit , 9 months ago

What is the minimum income requirement for the loan?

Facebook Twitter LinkedIn Telegram Whatsapp

1 answer

by issac.schaden , 8 months ago

@heather 

The minimum income requirement for a loan can vary depending on the lender, loan type, and other factors. Typically, lenders want to ensure that borrowers have a stable source of income to repay the loan. As a general guideline, lenders may require a minimum income of around $20,000 to $30,000 per year, but this can vary significantly. It's important to check with specific lenders to determine their specific income requirements for loans.