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Personal loan
3 Factors that increases your chance of securing a loan
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[QUOTE="Caramelle, post: 197664, member: 150"] A steady and stable source of income is a very important factor in determining one's eligibility for a non-collateral loan. Banks go beyond determining if you are employed. They also check your source of employment. Some banks avoid lending money to employees of certain industries that are considered high-risk. Having your own house can also be a plus factor in a potential borrower's favor. It means that you have an asset that they can run after when you lose your job or business. Banks will not just look at your credit payment history. They will also be interested in your credit utilization ratio. This is the percentage of the loans you owe over the total credit available to you. A low ratio indicates that you have been managing your finances well and generally avoiding debts. [/QUOTE]
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3 Factors that increases your chance of securing a loan
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