Not meeting personal loan eligibility? THESE steps can help you fix it
6 days, 18 hours ago

Not meeting personal loan eligibility? THESE steps can help you fix it

Live Mint  

A personal loan is the most preferred financing option by many as it does not require any collateral and can be used in multiple ways. Unsteady source of income: An unstable job or source of income suggests that the borrower might not be able to repay the loan on time, and therefore, the personal loan application is rejected. Factors such as low income, poor credit score, and existing debts might play a key role in loan rejection. Improve credit score: One of the reasons why your personal loan application is rejected is due to poor credit score. Maintain debt-to-income ratio: Improve your chances of approval of a personal loan application by trying to keep your debt-to-income ratio low by paying off existing debt on time, cutting down on expenses, and having additional sources of income.

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History of this topic

Top 5 myths about personal loan eligibility you need to stop believing
17 hours, 58 minutes ago

Top 5 myths about personal loan eligibility you need to stop believing

Live Mint  

Personal loans are one of the most popular forms of credit which are opted by people if they are in need of quick cash and want to cover their financial needs temporarily. Personal loans offer instant loan disbursement and flexible repayment period which becomes a great choice if you are in an emergency and want financial assistance. If you do …

How to get a personal loan if you don't meet eligibility criteria? Here are 8 easy steps
6 days, 5 hours ago

How to get a personal loan if you don't meet eligibility criteria? Here are 8 easy steps

India TV News  

Getting turned down for a personal loan can be frustrating, but not meeting the right standards doesn’t mean all hope is lost. Banks and financial institutions check a variety of factors such as your credit score, income, existing debts and documents before approving a loan. Consider low-cost loans If your income or credit score can’t support the amount of loan …

Not meeting personal loan eligibility? THESE steps can help you fix it
1 week, 4 days ago

Not meeting personal loan eligibility? THESE steps can help you fix it

Live Mint  

A personal loan is the most preferred financing option by many as it does not require any collateral and can be used in multiple ways. Before knowing how to improve your chances of getting a personal loan, it is important to know the reasons why your loan application would get rejected. Unsteady source of income: An unstable job or source …

Rejected credit card? Here’s what to do next: A step-by-step guide
3 weeks, 3 days ago

Rejected credit card? Here’s what to do next: A step-by-step guide

Live Mint  

Credit cards are one of the most preferred financial tools as they help customers make purchases without the need to pay back immediately, along with added rewards and offers. Applying for a credit card is very easy, however, issuers look for many criteria before approving a credit card application therefore many applications get rejected. Reasons for rejection of credit card …

Applying for a personal loan? Essential dos and don’ts to keep in mind
1 month ago

Applying for a personal loan? Essential dos and don’ts to keep in mind

India TV News  

Personal loans are popular forms of credit, but they come with higher interest rates and stricter eligibility criteria. Dos and Don’ts While Applying for a Personal Loan Dos: Take appropriate steps for secured loans Do thorough research: Before applying for a personal loan, compare lenders, interest rates, terms, and associated fees. Don’t ignore your credit score: A poor credit score …

Personal loan application: How does credit score matter and what are the other factors considered?
1 month ago

Personal loan application: How does credit score matter and what are the other factors considered?

Live Mint  

Before applying for a personal loan with any bank, NBFC, or fintech, make sure you check the eligibility criteria. The higher the credit score, the better the chances of the personal loan getting approved, provided the applicant fulfils the other eligibility criteria. Some banks and NBFCs may consider personal loan applications with a lower credit score and approve them on …

Rejected for a personal loan or credit card? 5 reasons your application might fail
1 month, 1 week ago

Rejected for a personal loan or credit card? 5 reasons your application might fail

Live Mint  

Your credit score is a report card of your credit history and creditworthiness. Banks and NBFCs consider 750 and above a good credit score for approving credit card and personal loan applications. Factors considered for approving credit applications apart from credit score Some of the reasons why your credit card or personal loan may be rejected even after having a …

When must you not rush to apply for personal loans? MintGenie explains
1 year, 10 months ago

When must you not rush to apply for personal loans? MintGenie explains

Live Mint  

How often do we hear that people with no money find it difficult to secure a loan whereas those with enough monetary investments or assets can easily obtain a loan? Sometimes, spending beyond a certain limit using your credit card can land you in debt, thus, prompting you to seek a personal loan to repay the debt amount. Having a …

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