Contributing to a 401(k) for six months does not directly qualify an individual for a $30,000 loan. Loan approval typically depends on creditworthiness, income stability, debt-to-income ratio, and collateral, not retirement savings contributions. While 401(k) contributions demonstrate financial discipline, lenders prioritize current assets, employment history, and credit score. For example, the Federal Reserve’s 2023 Survey of Consumer Finances found that only 28% of U.S. adults use retirement accounts as collateral for loans, with most loans relying on creditworthiness or property. A 401(k) loan from an employer is a separate mechanism, requiring plan participation and meeting specific terms, but this is distinct from securing an external loan. Six months of contributions may improve net worth but do not meet standard loan criteria. Lenders like Fannie Mae or Freddie Mac require documented income and assets, with 401(k) balances often considered only in specific contexts, such as debt consolidation with retirement account withdrawal, which incurs penalties. Thus, while 401(k) savings can enhance long-term financial health, they do not directly qualify for a $30,000 loan without additional factors like strong credit (FICO score ≥620) or stable income (e.g., $40,000+ annually). The Consumer Financial Protection Bureau (CFPB) notes that 60% of loan denials stem from insufficient income or poor credit, not retirement savings. In summary, six months of 401(k) contributions alone are insufficient for loan qualification but may support future borrowing through improved financial metrics.