Wondering if you can get a personal loan easily? Check out the 5 factors that can impact your eligibility.

1. 5 Factors That Affect Your Personal Loan
Eligibility

2. #1 Applicant's Age
Lenders avoid lending to someone in their early twenties or
nearing retirement

3. #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.

4. #3 Creditworthiness
• The higher your credit score, the better is your chance to get a
personal loan.
• So, avoid defaulting on loan EMIs.

5. #4 Debt to Income Ratio
Maintain a debt-to-income ratio of less than 50%.

6. #5 Employment Stability
• Work for a reputed company that pays you on time.
• Do not change jobs frequently.

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

8. Thank You !
Would Love to Hear From You
Hero FinCorp Limited
09, Basant Lok, Vasant Vihar, New Delhi - 110057
Tel. 18001024145
Email Id: customer.care@herofincorp.com
Website: https://www.herofincorp.com/
Know more- 5 Factors That Affect Your Personal Loan Eligibility