Eligibility for a personal loan varies by lender but typically requires meeting specific criteria. Applicants must usually be at least 18-21 years old and have a steady source of income, such as employment or business earnings. A good credit score, generally above 650, is crucial to demonstrate financial reliability. Proof of identity, residence, and income (such as salary slips or tax returns) is mandatory. Lenders also consider the applicant's debt-to-income ratio to ensure repayment capacity. Employment stability and a minimum monthly income threshold may also apply. Self-employed individu