Who can get a personal loan?

@montana 

Personal loans are typically available to individuals who meet certain criteria set by the lender. The eligibility requirements may vary from one lender to another, but generally, the following factors are considered:

1. Credit score: Lenders usually look at the borrower's credit history and credit score to assess their creditworthiness. A good credit score increases the chances of getting approved for a personal loan, while a poor credit score may limit access or result in higher interest rates.
2. Income and employment: Applicants typically need to have a stable source of income to demonstrate their ability to repay the loan. Lenders may require proof of employment or income documents, such as pay stubs or tax returns.
3. Debt-to-income ratio: Lenders also evaluate the borrower's debt-to-income ratio, which is the percentage of their monthly income that goes towards debt payments. A lower debt-to-income ratio indicates a higher likelihood of loan approval.
4. Age and legal residency: Borrowers must be of legal age (18 or 21 years, depending on the jurisdiction) and be a legal resident or citizen of the country in which they are applying for the loan.

It's important to note that while personal loans are available to many individuals, approval and interest rates are determined by the lender's assessment of the borrower's financial situation and creditworthiness.