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Key things to avoid while taking a personal loan
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financialexpress.comPersonal loans have today become an ideal borrowing option to fulfil urgent monetary needs. However, there are some crucial factors that lenders consider while evaluating one’s eligibility for a personal loan.
Credit score is one of them. Having a good credit score determines the borrower’s creditworthiness and helps a lender decide whether or not to approve a loan application. Having a good credit score increases the borrower’s chances of getting a loan, whereas a bad credit score reduces that chance. Additionally, while opting for a personal loan, one should make sure to receive the best deal possible, by comparing interest rates from different borrowers.
Madhusudan Ekambaram, CEO and co-Founder, KreditBee says, “The elevation of personal
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