The flexibility of usage, ease of application and the versatility of personal loans make them a highly sought after debt instrument. Banks and Non-Banking Financial Companies (NBFCs) offer these loans to eligible applicants only and the same are subject to the requirements of the chosen lending institution. Every institution has its individual eligibility criteria for Personal Loan to decide whether or not an applicant can avail the personal loan being applied for. Based on these requirements, the profile of the applicant is assessed. When the match between the requirements of the lender and the profile of the applicant is not good enough, the application gets rejected.
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AuthorAman Khanna is an experienced financial advisor who is well known for his ability to foretell the market trends as well as for his financial astuteness. He has an MBA in finance from Toronto University as well as years of experience delivering seminars on sound financial practices and debt management. |