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How much can you borrow personal loan?

Updated: 9/20/2023
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11y ago

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The amount that you can borrow by personal loan is determined by your bank. It depends on a variety of factors including your net worth, your assets, your credit history and if you have a guarantor.

As an addition, one not need approach a "bank" for a loan. There are several "non-traditional" lenders in place, such as "Credit Unions" (where you may work); pension funds, trusts, etc. Such "non-traditional" lenders are more lenient than banks are. Banks, as a rule, have strict (nowadays) lending parameters than non-traditional sources. Explore (such). You'll probably have better luck than with any bank. Hope I helped: JIM

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