In a word, yes. But, age has nothing to do with it being more difficult to get a loan. What limits you in terms of borrowing money when you are young is a lack of credit history. Lower-income is often an issue as well since many young people are still trying to establish themselves professionally and aren’t making a lot of money yet. Fortunately, there are options. Young people are often approved for loans by payday lenders who aren’t concerned with credit history.