The main factors for personal loan eligibility are:
Income level CIBIL ScoreCredit historyRepayment capacityEmployment historyAge Because personal loan is an unsecured loan; hence the individual is not asked to put up collateral/or any valuable asset to avail this loan. Since the personal loan has a greater risk at the lender's side, the interest rate of personal loans are usually high when compared to other loans.
Maximum Personal Loan Amount Gets Disbursed?
Important factor determining your loan amount
Your IncomeYour Credit ScoreRepayment capabilityAge It will also help if you can boost your credit score before applying. Credit Score have a huge impact not only on your "Personal Loan Approvals" but also on the interest rates lenders charge
Documents Required For Personal Loans?
Though the documentation requirements of personal loans vary from one financial institution to another, some of the key documents that you would need to provide with your personal loan application…
Income level CIBIL ScoreCredit historyRepayment capacityEmployment historyAge Because personal loan is an unsecured loan; hence the individual is not asked to put up collateral/or any valuable asset to avail this loan. Since the personal loan has a greater risk at the lender's side, the interest rate of personal loans are usually high when compared to other loans.
Maximum Personal Loan Amount Gets Disbursed?
Important factor determining your loan amount
Your IncomeYour Credit ScoreRepayment capabilityAge It will also help if you can boost your credit score before applying. Credit Score have a huge impact not only on your "Personal Loan Approvals" but also on the interest rates lenders charge
Documents Required For Personal Loans?
Though the documentation requirements of personal loans vary from one financial institution to another, some of the key documents that you would need to provide with your personal loan application…