Is there a maximum age on taking out a loan?

Not really. Well, correction: when it comes to the maximum age for taking out a loan, there’s no official maximum age limit. You do, however, always need to be over 18 years old. Each lender has their own set of criteria which have different upper and lower age limits, so it’s worth shopping around to find one that suits you.

The fact is, what most lenders will look at is your credit report. That is why it is important to check it yourself and report any inaccuracies.