Why might my application for a personal loan be rejected?

Lenders want to make sure you can repay the loan, so they'll consider a few factors:

• Credit score: A good credit score shows you have a history of responsible borrowing.  
• Income: You need to earn enough to comfortably afford the monthly repayments.  
• Existing debt: If you already have a lot of debt, lenders may be hesitant to approve another loan.
• Employment history: A stable job shows you have a reliable source of income.  

If your application is rejected, don't worry! You can try improving your credit score, reducing your debt, or applying for a smaller loan amount.