Getting any kind of loan can be a significant decision, so it’s always important to make a smart and wise decision. Most of the lenders have tightened their rules on borrower selection and the loan quantum that can be disbursed. Every lender has different set of criteria to decide maximum permissible finance. To proceed on the loan processing, you also have to follow some rules while you " Apply For Loan " that will help you to make your loan journey stress-free which are mentioned in this article. Timely repayment: Your loan repayment should be disciplined to ensure the lender to be risk free so it’s important not to miss a loan EMI. If you miss or default on EMI, it can adversely affect your credit score which will reduce your chances of securing a loan in the future. Repayment capacity: Always take loan money that you can repay easily. Your monthly installments for your entire loans should not exceed 50% of your monthly income or budget. To illustrate: If your monthly