Several years of credit history. Multiple account types within your credit history, like credit cards, a car loan or other installment loan and a mortgage. Strong payment history with few or no delinquencies. Investments, retirement savings or other evidence of an ability to save money.

A personal loan is a loan you qualify for based on your credit history and income. It can be granted for almost any purpose. Personal loans are sometimes called "signature loans " or "nsecured loans," because there is typically no collateral required to secure a personal loan. Collateral is an asset that can be seized and sold to repay a loan.