When you apply for a personal loan, you have to fulfil various eligibility criteria. Some of these include a good credit score, a low debt-to-income (DTI) ratio, age, income, work experience, etc. Your work experience is one of the criteria that is considered when approving your personal loan application. In this article, we will understand how your overall work experience can impact your personal loan application.Impact of work experience on personal loan applicationOne of the criteria that the bank consid ...

Before applying for a personal loan, most people consider their credit score and income only to determine their eligibility. An individual may have a decent credit score of 700+. Yet, in some cases, the loan application may still get rejected. In this article, we will explore some of the reasons why a personal loan application may get rejected inspite of having a decent credit score.Credit score is only one of the eligibility criteriaBanks and NBFCs have various eligibility criteria for personal loans and o ...