![Personal Loan: How does your DTI ratio affect your chances of getting a loan? | Mint Personal Loan: How does your DTI ratio affect your chances of getting a loan? | Mint](https://i3.wp.com/www.livemint.com/lm-img/img/2024/11/08/1600x900/investor_1726252763265_1731052605040.jpg?w=600&resize=600,400&ssl=1)
Personal Loan: How does your DTI ratio affect your chances of getting a loan? | Mint
Source: Live Mint When you apply for a personal loan, the bank or NBFC considers various factors for loan approval. Some of these include your age, monthly income, credit score, profession, debt-to-income (DTI) ratio, etc. The DTI ratio is an important factor for deciding on loan eligibility, amount, etc. So, what is the DTI ratio,…