Personal loan: How to get your application approved? 6 important factors to keep in mind

Personal loan: How to get your application approved? 6 important factors to keep in mind

Lenders examine myriad factors when reviewing your application for a personal loan to assess your eligibility and determine the interest rate you can receive. They want to lend money responsibly and make sure borrowers can afford to repay it, so they are cautious in their evaluations. The following are some important factors that affect the … Read more

Applying for a personal loan? Here are the 6 key factors your CIBIL score can influence

Applying for a personal loan? Here are the 6 key factors your CIBIL score can influence

CIBIL score, or credit score, maintains credit information of individuals and businesses. Your CIBIL score is a three-digit numeric summary of your credit history. It, undoubtedly, plays an important role in the loan application process. It influences the interest rates, loan terms, processing time and negotiating power, among others. For instance, someone with a high … Read more