WELCOME TO CREDIT SUDHAAR FINANCE
Your journey from rejection to approval of loans begins here !
Free Credit Score in India
Credit Sudhaar Review
We are fast moving to a paperless world; so there are bills that are sent over emails, invitations are made over phone calls and even notices from schools are sent through mails and messages. This obviously has multiple benefits, the first being it saves paper and thus is environment friendly, using less paper is also a more economical way to get the message across.
Surrogate loan plans. Check how best they can work for you
Having a surrogate income will be more than welcomed by one and all. While it may not be able to substitute the primary income completely, it definitely adds on to make achievement of one’s financial goals easy. Same is the case with the surrogate loan plans. While they may not be able to replace the main stream loan products, but can be of great help in building one’s financial capability to raise funds. So what are these loans? And can these help in meeting the financial objectives? Let us find out.
You need not have to worry if your Home loan is rejected!
So your home loan has been rejected. You are feeling miserable and the dream of owning your own sweet home has got shattered. Rejection of any sort is stressing. Especially when it comes to rejection of home loan, the situation can be overwhelming. However, you need not feel devastated. If you follow a systematic approach, you may be able to soon get to the point of being approved for the loan. So, here a few important things that you must know in order to achieve this objective.
Home Loan: The Lender’s Point of View
When a person applies for a personal loan, some of the typical things they have in mind are whether they should go for a fixed interest rate or a floating interest rate, what’s the ideal term length, the terms and conditions they would be comfortable with, etc. However, seldom does one think about the entire concept of a “home loan” from the lender’s perspective. What does your bank think about when looking at your loan application?
Q- Why do loan applications get declined?
Loan application can get declined for various reasons. The credit score or credit status is one of those. But borrower’s credit score also happens to be the most important and dominant reason impacting the outcome of a loan application. The other reasons for decline could be failed verification, incomplete documentation apart from the credit policy of the bank.
Q- Will Credit Sudhaar Finance take my past defaults into account while underwriting as any other lender will?
While Credit Sudhaar Finance will review the past defaults, it would not be to reject the loan application but to weed out the intentional defaulters and lend to those who have not been able to pay for some exigency.
Q- What is loan for low credit score?
The low credit score generally leads to rejection of loan application. Credit Sudhaar Finance has introduced an innovative product that aims to extend loans to those who have low credit score. Irrespective of the reason for low credit score, including delinquent accounts, Credit Sudhaar Finance will evaluate the application and will lend if the borrower meets the laid down criteria.
Q- Can I get a personal loan with bad credit score?
Yes, getting a loan in individual capacity is definitely possible despite having a bad credit score. Credit Sudhaar Finance has introduced “Plus Loans” product for individuals who have stressed credit history owing to mistakes made in past.
Q- What is a loan defaulter list?
There is no particular loan defaulter list. The underwriting is based on the data available on applicant’s current and past accounts available on the credit bureau report.