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 …
If you are planning to take a loan from banks or non-banking financial companies, you should have a good CIBIL score for easy approval and also for low interest rates. Importance of CIBIL Score If you go to take a loan or apply for a credit card, the bank checks your CIBIL score to ensure your creditworthiness and risk profile. …
As we all know there has to be a criterion which needs to be fulfilled by the applicants for loan disbursement, whether it is for the short term or the long term. The primary criteria that banks check out while granting credit or loan is your credit score and credit report, which have all the information about your credit history …
