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What are the factors affecting loan disbursal?

Numerous factors are considered in deciding the disbursement of a loan. Below are the prime factors that are considered before loan approval and disbursal.

  • Credit Score
  • Credit History
  • Debt-to-Income Ratio
  • Employment History
  • Down Payment
  • Collateral
  • Loan Type & Loan Term

NOTE: A person with a high credit score could be rejected for a loan due to other circumstances.

For more on this, you may read this article