Project Loan @ 7.50% Onwards

What are the factors generally affecting Project loan Eligibility Criteria?

There are top factors that generally affects Project loan Eligibility Criteria as given below: -

Avoid applying multiple loan & credit card: - It is one of the key factor you should consider that avoid applying for multiple loan & credit card as it will harm your credit score & reduces your eligibility level.

Past Credit History: - Do you know, your past credit history can impact your present & future loan appearing chances. Due to lack of score you fail to avail a project loan.

Newly existing business: - Usually, not every business is eligible to get loan, as lenders have some fix terms & policies, one of them was newly existing business are ineligible as they don’t know your past performance on business.

What are the ways to increase Project loan eligibility?

To increase Project loan eligibility, you need to consider Top points as given below, this will aid you in increasing your eligibility level.

Build a high credit score: - This is one of the best way to increase eligibility of project loan, because lenders generally check your credit score as much as higher the score, your chances of loan approval increases.

Include all sources of income: - Your regular source of income plays a critical role in evaluating loan application, if it seems as low then probably your chances of rejection increase but if you add all your possible income sources then it will help you to increase your eligibility.