Monday, March 8, 2021
  • About us
  • Contact
  • Privacy Policy
  • Sitemap
Business Khabar
  • World
  • Latest News
  • Business
    • Automotive
    • Industries
    • Opinion
  • Market
  • Tech
  • Money
    • Finance
    • Insurance
    • Investments
    • Schemes
  • Startups
  • Other
    • Top Stories
    • Entrepreneur
    • Career
    • Real Estate
No Result
View All Result
Business Khabar
  • World
  • Latest News
  • Business
    • Automotive
    • Industries
    • Opinion
  • Market
  • Tech
  • Money
    • Finance
    • Insurance
    • Investments
    • Schemes
  • Startups
  • Other
    • Top Stories
    • Entrepreneur
    • Career
    • Real Estate
No Result
View All Result
Business Khabar
No Result
View All Result
Home Money Investments

Personal Loan: Take care of these 5 things, personal loan application will not be rejected

Nisha Chawla by Nisha Chawla
February 15, 2021
in Investments
0
5 checkpoints to clear before availing a personal loan know here important check points
583
SHARES
3.2k
VIEWS
Share on FacebookShare on Twitter

You might also like

Women’s Day 2021: How to become women financially free and safe, keep these things in mind

Women’s Day 2021: Women’s preferred choice for investment, what goals do you invest in?

Savings Accounts: You can get up to 6% per annum interest on savings account; Check rates of these banks including SBI, HDFC

Whenever there is a huge need for money, then personal loan comes as a better option.

Personal Loan: Whenever there is a huge need for money, then personal loan comes as a better option. This loan is available immediately and it requires minimal documentation and there is no restriction on how to use the money from the loan. Due to all these reasons the popularity of personal loans remains. However, because of its unsafe nature, the lenders are very careful in approving its application. If your other important things like your credit profile are kept in mind, then your personal loan application will not be rejected. Here five important checkpoints are being given, which will increase the chances of approval of personal loan application.

Important checkpoints for personal loans

Review your credit profile: Most lenders first look at the credit profile of the personal loan applicant. A credit score of 750 or more is generally considered better. In such a case, the applicant should maintain a better credit score. Timely payment of EMI and credit card bills, credit utilization of less than 30 percent, maintenance of healthy credit mix, such as credit score is better.

A credit score is based on information provided by lenders and card issuers, and sometimes a worker mistake may negatively impact your credit score. In such a situation, keep looking at your credit report from time to time and if there is any mistake, then ask the credit bureaus and lenders to rectify it.

Choose tenure based on your repair capacity: Lenders evaluate the repair capacity while approving loan applications. For this, loan repayment liability is seen. Lenders recommend loan applications whose loan repayment obligations do not exceed 50%. Lenders in excess of this are expected to default and the personal loan application may get rejected. In such a situation, to repay the loan, choose a tenure whose EMI is within the repayment obligations limit.

Choose the best among several loan offers: Personal loan interest rates can be 9-4% per annum. In such a situation, while taking a personal loan, compare the interest rates offered by more and more lenders. For this, banks and NBFCs can be contacted. While comparing, not only look at the interest rate, but also take into consideration the processing fees, loan amount, repair tenure, preparation charges etc.

International Mutual Fund: Here 4 times wealth increased in 5 years, know the advantages and disadvantages before investing

Do not apply for loan with many lenders: When you apply for a loan or credit card, the lender checks your credit profile through your credit report from the credit bureau. Every time you apply, it gets added to the credit report and it affects your credit score. In short time interval, many credit inquiries can make your image of a person taking more loans and personal loan application may get rejected. In such a situation, avoid the mistake of putting more loan applications.

Do not change jobs repeatedly: Many people change their job profiles constantly. Lenders consider it a sign of instability in career. There is a problem in getting loans to such people who keep changing their jobs. If you are planning to take a personal loan in the near future, then do not keep the habit of changing the job urgently.

(By Gaurav Aggarwal, Director-Unsecured Loans, Paisabazaar.com)

Amazon Apple Days: iPhone 12 Mini discount of Rs 5,410, shopping opportunity till February 17

Tags: loan application important tipspersonal loanpersonal loan applicationpersonal loan application important tipsPersonal loan interest ratePersonal loan interest rate comparisonpersonal loan interst rate
Nisha Chawla

Nisha Chawla

Related Posts

Women’s Day 2021 how women can become financially independent and secured keep these in mind
Investments

Women’s Day 2021: How to become women financially free and safe, keep these things in mind

by Nisha Chawla
March 8, 2021
Women's Day 2021 what are the favorite investment options for females
Investments

Women’s Day 2021: Women’s preferred choice for investment, what goals do you invest in?

by Nisha Chawla
March 7, 2021
Saving Accounts give liquidity comparable to fixed deposits fd check sbi yes bank induind bank hdfc icici interest rate
Investments

Savings Accounts: You can get up to 6% per annum interest on savings account; Check rates of these banks including SBI, HDFC

by Nisha Chawla
March 7, 2021
PPF Vs VPF Vs Bank Fd best option to invest after neW pf rules for voluntary provident fund taxation
Investments

Don’t worry about taxation on PF, still better returns for investment

by Nisha Chawla
March 6, 2021
Home Loan, ICICI Bank, ICICI Bank home loan, ICICI Bank home loan interest rate, home loan rate 10 years low, SBI, kotak mahindra bank, HDFC, home loan rates, how to apply for home loan, apply home loan digitally, home loan documents
Investments

ICICI Bank makes home loan cheaper, lowest interest rate in 10 years; Chance by 31 March

by Nisha Chawla
March 6, 2021

Recommended

Anupam Rasayan IPO

Anupam Rasayan IPO: IPO of 760 crores to come on March 12, price band is Rs 553-555

March 8, 2021
Parliament session, budget 2021 session, budget 2021 session part 2, lok sabha, rajya sabha, finance bill 2021, union budget 2021, finance minister nirmala sitharaman, PM Modi, assembly elections

Phase II of the Budget Session: Finance Bill, main agenda to pass supplementary demands

March 8, 2021
Easy Trip Planners IPO Open

Easy Trip Planners IPO: 510 crore IPO, what should be the money? Know everything before investing

March 8, 2021

Don't miss it

  • All
  • Startups
  • Share Market
  • Entrepreneur
Anupam Rasayan IPO
Share Market

Anupam Rasayan IPO: IPO of 760 crores to come on March 12, price band is Rs 553-555

March 8, 2021
Parliament session, budget 2021 session, budget 2021 session part 2, lok sabha, rajya sabha, finance bill 2021, union budget 2021, finance minister nirmala sitharaman, PM Modi, assembly elections
Finance

Phase II of the Budget Session: Finance Bill, main agenda to pass supplementary demands

March 8, 2021
Easy Trip Planners IPO Open
Share Market

Easy Trip Planners IPO: 510 crore IPO, what should be the money? Know everything before investing

March 8, 2021
Olivier Dassault
World

French billionaire Olivier Dassault dies in helicopter crash; this is the connection to Rafale Jet

March 8, 2021
Crude Prices Rose
World

Saudi oil attack fires crude oil; Price crosses $ 71, WTI crude most expensive in 2 years

March 8, 2021
SBI Gold Loan get loan on lower interest rate than personal loan check details about gold loan
Money

SBI Gold Loan: Loans up to Rs 50 lakhs at the rate of only 7.3%, the process will start on a missed call

March 8, 2021
Women’s Day 2021 how women can become financially independent and secured keep these in mind
Investments

Women’s Day 2021: How to become women financially free and safe, keep these things in mind

March 8, 2021
Women’s Day 2021 follow these safety tips for keeping safe on instagram
Tech

Women’s Day 2021: How to keep women safe on Instagram, follow these safety tips

March 7, 2021
Business Khabar

Business Khabar provides the latest news about market, financial, tech, sports and business news from around the world.

Learn more

Categories

  • Automotive
  • Business
  • Car & Bike
  • Career
  • Entrepreneur
  • Fashion
  • Featured
  • Finance
  • Food
  • Health
  • India
  • Industries
  • Insurance
  • Investments
  • Lifestyle
  • Money
  • Opinion
  • Real Estate
  • Schemes
  • Share Market
  • Startups
  • Tech
  • Top Stories
  • Travel
  • World

Important

JIOMART FASHION

BUSINESS PLAN

ATUM 1.0 BIKE

UPCOMING IPO

VEGETABLE BUSINESS

MARUTI UPCOMING CARS

BUSINESSMEN STORY

Nureca IPO

BUSINESS AFTER LOCKDOWN

IPL COACH SALARY

CSC REGISTRATION

Recent News

Anupam Rasayan IPO

Anupam Rasayan IPO: IPO of 760 crores to come on March 12, price band is Rs 553-555

March 8, 2021
Parliament session, budget 2021 session, budget 2021 session part 2, lok sabha, rajya sabha, finance bill 2021, union budget 2021, finance minister nirmala sitharaman, PM Modi, assembly elections

Phase II of the Budget Session: Finance Bill, main agenda to pass supplementary demands

March 8, 2021
Easy Trip Planners IPO Open

Easy Trip Planners IPO: 510 crore IPO, what should be the money? Know everything before investing

March 8, 2021

Copyright © 2020 Business Khabar

No Result
View All Result
  • Home
  • Larest News
  • World
  • Share Market
  • Business
    • Automotive
    • Industries
    • Startups
    • Entrepreneur
  • Tech
  • Money
    • Schemes
    • Investments
    • Finance
  • Lifestyle
    • Fashion
    • Food
    • Health
    • Travel
  • Reviews
    • Car & Bike
  • Top Stories
  • Real Estate
  • Contact Us
  • About us

Copyright © 2020 Business Khabar

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.