Key Factors That Determine Your Loan Eligibility in India
Introduction
Earlier you go and apply for a loan, it makes sense to study what lenders require to decide whether or not you qualify. These key factors will help you prepare better and increase the likelihood of getting your loan approved quickly.
1. Credit Score and Credit History
Your credit history (such as your CIBIL record) shows how well you have handled credit or loans in the past.
A good score (usually above 75 means you are a low-risk borrower.
Paying your loan late, paying arrears, or applying too many times can lower your score.
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