While applying for a personal loan, an individual has to fulfil various eligibility criteria. A guarantor increases the chances of personal loan approval provided they have a good credit score, income to repay the loan, etc. Credit score gets hit in the event of default If the borrower delays or defaults on loan repayment, the bank will ask you as …
One of the most crucial financial tasks that one should never ignore is saving for your child's future as soon as conceivable. A student may apply for such a loan at a public or private bank or even a non-banking financial company, but there are 4 key facts regarding your education loan that lenders won't disclose, which might put you …
Becoming a loan guarantor means that any delay in the repayment of the loan by the borrower will also impact the credit score of the guarantor. In other cases, a loan guarantor is also asked if the borrower has an inadequate credit score or a risky job profile. Here are the risks associated with becoming a loan guarantor: Loan repayment …
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