If you earn a salary of less than Rs. 12,000, you may need to convince the lender about other sources of income that may help you cover your loan repayment. After speaking to a Bajaj Finserv representative, you can may be able to get your personal loan approved.
Payday loans are designed to trap you in a cycle of debt. When an emergency hits and you have poor credit and no savings, it may seem like you have no other choice. But choosing a payday loan negatively affects your credit, any savings you could have had, and may even cause you to land…
The application process for a Speedy Cash loan is fairly straightforward. Here’s the personal information you’ll need when you apply. Speedy Cash will perform a credit check once you apply — which could negatively affect your credit scores by a few points.Aug 26, 2021
Payday loan applications get assessed by lenders in a different way to mortgages, car and personal loans, and even credit card eligibility. The ‘no credit check’ element of payday loan approval is more to do with the fact that payday lenders don’t base decisions on what banks do.
Below is a list of the most common reasons a lender may reject your payday loan application. You don’t meet the application requirements. You can’t prove your income. You don’t make enough money. You don’t have a checking account. You have outstanding payday loans or paycheck advances. You have blemishes on your accounts.