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How is age used as a factor in loan eligibility determination?

April 26, 2017age determination eligibility Factor loan Used

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How is age used as a factor in loan eligibility determination?

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Different lenders use age differently in loan eligibility determination. Most lenders lend only to people between 18 and 65 with the max age limit capped at the retirement age. Lenders also use age as a factor in determination of the max loan amount given.