Unlock Bigger Loans: Boost Your Personal Loan Limit with These Smart Strategies!
Business
M
Moneycontrol•12-01-2026, 12:30
Unlock Bigger Loans: Boost Your Personal Loan Limit with These Smart Strategies!
- •Personal loans are unsecured, quick, and flexible, used for various needs like emergencies, weddings, or debt consolidation.
- •Loan amount depends on monthly income, credit score, and existing liabilities; a good credit profile and stable income increase eligibility.
- •Key factors affecting eligibility include monthly income, credit score (750+ recommended), existing loans, and bank-specific limits.
- •Strategies to increase loan limit: improve credit score, increase declared income, opt for longer loan tenure, reduce debt-to-income ratio, or apply with a co-applicant.
- •Digital platforms like Moneycontrol offer personal loans up to ₹50 lakh from multiple lenders, with interest rates starting from 10.5% per annum.
Why It Matters: Boost your personal loan limit by improving credit, increasing income, and managing debt effectively for better financial access.
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