Which of the following is NOT typically a requirement for loan eligibility?

Loan eligibility requirements can vary by lender, but key factors generally include financial and employment-related documentation to assess a borrower’s ability to repay the loan.

Proof of citizenship is not universally a requirement across all loan products and lenders. Some lenders may offer loans to non-citizens or permanent residents. In contrast, a valid credit history is essential because it helps lenders evaluate the borrower’s past repayment behaviors. Documenting a steady income is crucial as it ensures that borrowers can manage monthly payments. Employment ties, or evidence of stable employment, also play a role in demonstrating ongoing financial stability.

Hence, while proof of citizenship might be necessary for certain types of loans (like government-backed loans), it is not a definitive requirement for all loan types, setting it apart from the other options that are standard criteria for evaluating loan eligibility.