Personal Loan interest rates

Your income has a significant impact on your eligibility for a personal loan; it helps you get a personal loan easily. Applicants with a high income can easily get a personal loan from multiple lenders. Lenders check your salary to decide if you are eligible to get a personal loan and how personal loan you can get. But when you earn a low income, you have slim chances of getting a personal loan, because lenders doubt your capacity to repay the loan.