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Tips and tricks to get approved for a loan

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Tips and tricks how to get approved for a loan

know the Reasons for rejection............what do banks look at when applying for a loan in India

When you planned to apply or registered for loan service, you’ll want to compare rate of interest offer by the lender and likely not to fill for every loan registration form you come across due to high interest rate. we prefer to apply for  loan with low interest rates.But unfortunately we fail  to meet lander requirements as a result loan disapproved and Each loan application you submit triggers an inquiry into your credit, and hard inquiries can lower your credit scores a little bit.

Everyone pays the equal rate.

This is an out dated practice, and most financial institutions no longer use this approach because it causes low risk customers to pay a higher than normal market rate, while high risk customers get a cheaper rate of return on the loan than the risk might imply.

Beware of little expenses,A small leak will sink a ship

In mordern practice loan rate high or low depends on various risk factors including loan to value, credit score, loan term (expected length, usually in months),customer income or if business man then nature of business and income tax return,previous loan repayment history,if salaried then company profile matter .

Know which loan is fits for your needs.Apply online in just minutes,with no impact to your credit score. You can instantly review the loan offers that you qualify for

1.You don't need to spend time researching banks for a loan

2.No need to share your financial information online

3.No need to compare different bank interest

Apply online to get financial pre approved loan offer

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