Final answer:
Banks prioritize a borrower's credit history and income when considering a loan application, and may require a cosigner or collateral. The borrower's occupation can provide context on income stability, but their age is typically the least relevant detail for the loan approval process.
Step-by-step explanation:
When considering a loan application, a bank will typically focus on certain financial information about the borrower. This includes evaluating the borrower's credit history, which illustrates a history of borrowing and repaying debts, and the borrower's income, which indicates the ability to repay a loan. Moreover, the bank might require a cosigner or collateral to back the loan. However, information like the borrower's occupation might be scrutinized for stability and income source, the borrower's age is usually the least relevant of the listed options and does not generally play a direct role in the decision-making process as long as the borrower is of legal age to enter into a contract.