Small personal loans are sanctioned for small amounts when compared to banking credit. The cap limits of loans are set to a maximum limit of $5000. If you suspect your age to be a constraint for getting the loan, you should approach the lender with strong repayment grounds.
Read MoreSelf-employed people find it complex to get loan approval compared to salaried. Banks lean to approve the credit for salaried over self-employed because of their stable income, which is backed by their job profile and the company they are working in.
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