1. Credit Score: Lenders typically require a minimum credit score for approval. A higher credit score may lead to more favorable loan terms.

  2. Income Verification: Borrowers must demonstrate a steady income source to ensure repayment capability. Proof of employment or stable income may be required.

  3. Employment History: Lenders may assess your employment stability, looking for a consistent work history or evidence of stable income.

  4. Debt-to-Income Ratio: Lenders evaluate your debt-to-income ratio to ensure you can manage additional debt. Lower ratios indicate better financial stability.

  5. Medical Purpose: Some lenders may require documentation or verification of the medical expenses being financed.

  6. Age Requirement: Applicants typically need to be of legal age to enter into a loan agreement, which is often 18 or older.

  7. Residency Status: Lenders may require proof of residency or citizenship to qualify for a medical loan.

  8. Co-Signer Option: For individuals with limited credit history or lower income, a co-signer with strong credit and income may improve loan approval chances.

  9. Collateral: Depending on the loan type and amount, lenders may require collateral to secure the loan, such as property or assets.