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Are you planning to start practice & expand your business, Professional loan for doctors, chartered accountant, lawyers & architects. This type of facility requires minimal documentation & low processing fee.
Eligibility Criteria depends on several factors like repayment history, salary or business sales/turnover& Creditworthiness ...etc.
Note: - You can get up to 50 lakh as a maximum loan amount.
There are top factors that generally affects professioeligibility criteria as given below: -
Low credit score: - Applicant with less than 650 range of credit score refer to bad credit & this happen when they fail to pay bills on time or EMI. Hence, due to low credit score your eligibility get affected./p>
Loss in business: - One of the major reasons behind affecting eligibility is backdrop in business, as its mandatory requirement your business meet profit in last 2 years.
To increase eligibility, you need to consider Top points as given below, this will aid you in increasing your eligibility level.
Do payment on time: - This can be the best way to increase eligibility as lender will consider your past repayment history by checking your credit score. Therefore, by giving importance to do payment on time will rescue from affecting credit score as well as eligibility.
Avoid applying loan for multiple times: - Once, you have chosen your perfect lender to avail loan, make sure you apply with them only, by avoid applying loan for multiples it would help to enhance eligibility.