Getting rejected for a personal loan can be a frustrating experience, especially for those with stable incomes and what seems to be a clean financial track record. One reason for applications to get rejected is not because borrowers lack financial discipline, but because of overlooked errors in their credit reports. These inaccuracies … Read more
While the personal loan application process has transformed in the light of new-age technology, the steps within the process remain the same. Lenders still check applicants’ credit scores and income details to ensure timely repayment and reduce the risk of default. This is why any potential borrower should be aware of … Read more
Before applying for a loan on a loan app, individuals must understand their eligibility. One very simple way to do this is by checking the credit score. This three-digit number gives lenders insight into a borrower’s creditworthiness. It thus plays a key role in determining loan eligibility and terms for potential … Read more
When an unexpected financial need arises, personal loans can be a flexible solution. In today’s fast-paced world, time is also of the essence. This is where an instant loan app provides a quick solution. Lengthy paperwork, multiple visits to financial institutions, and a long-drawn-out wait for approval can be a significant … Read more
Credit score checks are a mandatory step when borrowers apply for an unsecured loan, such as a personal loan. Whether they apply on the personal loan app or offline at the bank, this step is part of the evaluation process to ensure that the applicant can service the loan and is likely to repay … Read more
Whether one applies for a loan on a personal loan app or in person through a bank, all financial institutions consider credit scores when assessing eligibility. The OneScore credit score and loan app helps borrowers track scores, analyse their credit reports and get personalised insights to boost their creditworthiness. This enables users to secure … Read more
Before approving a loan, lenders assess an applicant’s creditworthiness, whether the loan is for purchasing a home, for personal use or for business needs. With the rising popularity of digital lending, getting a loan has become easier. A good credit score goes a long way to help applicants access funds using an instant loan … Read more
A low credit score is a common reason for the rejection of loan applications or unfavourable terms. A poor score indicates a higher level of risk for the lending bank or NBFC, making it more difficult for borrowers to secure the desired loan amounts, quick approval, or even the most competitive interest rates. … Read more
With a quick loan app, borrowers can easily secure a collateral-free loan via their mobile phone anytime, anywhere. One such platform is the OneScore app, which gives its users complete transparency all through the borrowing process, starting from credit checks to applying for a loan. Here is a guide on each step of the … Read more