Different lenders have different requirements for loan qualifications, Generally, those qualifications include a mix of the same factors: your credit history and credit score, income and your ratio of debt to income. When they review this information, lenders are trying to determine whether you’ll be able to repay the money they lend you. Seeing how much you have to cover your monthly expenses helps them get a clear understanding of your financial picture. When you’re applying for a secured loan, your lender will also want to confirm the value, condition and ownership of your collateral.