herofincorp
on July 9, 2021
134 views
5 Factors That Affect Your Personal Loan Eligibility
Suppose you are working with an esteemed organisation and that too on a very high salary package, but most of your income is going into EMI payments. This factor will have an impact on your personal loan eligibility. Here the lender determines your debt to income ratio by dividing all your existing loans by your total income. If your debt to income ratio is on a higher side, your lender may reject your loan application or may charge a higher interest rate on your personal loan.
https://www.herofincorp.com/blog/5-factors-that-affect-your-personal-loan-eligibility
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