5 Factors That Affect Your Personal Loan Eligibility

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• 5 Factors That Affect Your Personal Loan
  Eligibility

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• 1 Applicant's Age
• Lenders avoid lending to someone in their early
  twenties or nearing retirement

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• 2 Applicant's Monthly Income
• High-income individuals easily get a personal
  loan.
• When computing income, the lender considers the
  city and organisation you work with.

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• 3 Creditworthiness
• The higher your credit score, the better is your
  chance to get a personal loan.
• So, avoid defaulting on loan EMIs.

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• 4 Debt to Income Ratio
• Maintain a debt-to-income ratio of less than 50.

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• 5 Employment Stability
• Work for a reputed company that pays you on time.
• Do not change jobs frequently.

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• Conclusion
• Make sure you satisfy the above-mentioned
  criteria before applying for a personal loan.

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• Hero FinCorp Limited
• 09, Basant Lok, Vasant Vihar, New Delhi - 110057
• Tel. [phone]
• Email Id customer.care_at_herofincorp.com
• Website https//www.herofincorp.com/
• Know more- 5 Factors That Affect Your Personal
  Loan Eligibility