1. What is the minimum age to apply for a loan?
2. What should I prepare when applying for an SUV loan?
Lenders qualifications vary. However, there are certain desirable characteristics that many financial institutions look for. For starters, having a good credit history will show the lender that you have enough means as well as the right attitude to pay the loan in full. In relation to this, a credit score of 620 or higher ensures that you get the best deals, with the lowest interest rates.
Regular employment is also deemed a good quality. Having a sustainable source of income, along with a good portfolio and calculated spending habits, indicate that you are a responsible borrower.