Is credit score the sole determinant in a personal loan eligibility calculator? 

Credit score is not the sole determinant in a personal loan eligibility calculator because it provides a limited view of your financial health. Credit score is a valuable indicator of your past credit behavior. But it does not capture the full picture.

Other factors are considered for the following reasons:

• Monthly Income: Insufficient income to repay the loan can overshadow a good credit score.
• Debt-to-Income Ratio: A high credit score can be offset by too much debt. This can make it hard to manage more debt.
• Employment Stability: A stable job with a reputable employer suggests a lower risk of default.
• Loan Tenure: A longer loan term can spread out repayments. This makes them easier to manage, even with a lower credit score.
• Location: Geographic location can influence interest rates and lender policies.

By considering these additional factors, lenders can get a more comprehensive understanding of your financial situation and make a more informed decision about your loan eligibility.