If you intend to apply for a small business loan, you must prepare thoroughly in order to avoid denial and rejection. is challenging to get a business loan approval in India. Let’s go through a few reasons why small business loans get rejected by financial institutions so that you can prepare well before applying.

● If you are unable to produce all the business-related documents as required by the business loan…

Credit score and credit reports add the two most important types of factors that are checked by every loan provider in India. It is important to improve the chances of getting an affordable loan by getting a good credit score. Credit score and credit report summarise your financial history and credit stability based on which financial institutions take decisions regarding borrowing. If you do not have a good credit score, it becomes very difficult for you to get loan approval. Therefore,…