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Taking a personal loan for your business? Here are its pros and cons

While many personal loans offer flexibility in fund usage, opting for this route is generally not the most advisable choice. Prospective borrowers should prioritise exploring business loan options first.

4 key determinants of personal loan eligibility

Comprehending personal loan approval essentials: Income, credit score, employment status, and accurate documentation are pivotal factors influencing eligibility.

Personal loan eligibility calculator: Here are tips to evaluate your borrowing potential

Understanding personal loan eligibility criteria is crucial for loan approval. Factors like income, credit score, and employment status impact the loan amount. Providing accurate documentation is essential for lenders to evaluate eligibility and make an informed decision.

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