4 Factors That Can Affect Your Loan Approval and Interest Rates
-
When applying for a loan, it's essential to understand the factors that can influence your approval and the interest rates you're offered. These include:
Posts by:
When applying for a loan, it's essential to understand the factors that can influence your approval and the interest rates you're offered. These include:
Tackling loan repayments can be overwhelming, but the sooner you pay off your loans, the more you can save on interest and the quicker you achieve financial freedom. So, here are some practical strategies to help you get debt-free faster. Remember to always check if there are any penalties imposed by your lender for any repayments above your contracted amount, before deciding to make additional repayments or increase existing repayments.
Working towards a higher credit score may open up a wealth of opportunities, such as favourable loan terms and lower interest rates on credit and personal finance. Here's a handy guide with practical tips to help you enhance your credit score, step by step.