When the credit applicant approaches the lender for a loan
, no discrimination is made. But in order to sanction the advance some universal criteria is required to be met. The applicant has to be a permanent citizen of UK. The person must be an adult .i.e. over 18years of age. He must possess stable employment. This convinces the lender that he can repay the finance on time. His monthly income must be over 1000 per month. The borrower must have an active bank account in his own name. It is a mandatory requirement as the loan once sanctioned reaches the bank account in a day.