Learn your credit score – Check your cibil or credit score before application for loan and keep it 750 or above.
Pay the outstanding amount of credit card on time
Use 30% Credit Limit
Do not take many loans or cards together
Debt-to-incomder ratio keep below 40%
Pay old loans first
Choose the right loan amount and tenure
Select the right bank or financial
Show incense stability
Job Continuity is essential
Keep all the documents right, updated and clear
Do not show disgrace for loan
Pay the outstanding amount of credit card on time
– Fill all EMI and card bills on time, it is the hallmark of your reliable being trusted.
Use 30% Credit Limit
– Do not use your card limit too much – expenses, more score!
Do not take many loans or cards together
-Applying for new loans or cards repeatedly can reduce the score.
Debt-to-incomder ratio keep below 40%
– Your total EMI and arrears should not be more than 40% of salary.
Pay old loans first
– Reduce the existing debt before taking a new loan, this increases the chances.
Choose the right loan amount and tenure
– Select the amount according to your income, responsibility and need.
Select the right bank or financial
– Choose the same institute, whose eligibility conditions are available from your profile.
Show incense stability
– Keep documents ready like salary slip, bank statement, IT returns.
Job Continuity is essential
-Before applying for a loan, stay in the same job at least 6 months.
Keep all the documents right, updated and clear
– PAN, Aadhaar, Address, KYC – Everything should be the same in updates and bank records.