Who is not eligible for a personal loan?

Applicants may be ineligible if they have a low credit score, poor credit history, or a high debt-to-income ratio (DTI). Lenders generally look for a DTI below 40% and a history of consistent, on-time payments. Insufficient or unstable income is also a common reason for denial, as lenders need reassurance of the borrower's ability to repay the loan.