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At some point in our lives, most of us will need to apply for a loan. The success of your application hinges on understanding what lenders look for and being well-prepared to meet their requirements.
Before issuing a loan or credit product, banks and lenders conduct thorough evaluations to encourage responsible borrowing habits. Here are the key factors they typically consider:
If you aspire to secure a loan, it's important to take proactive steps to enhance your likelihood of success. Consider the following strategies:
Published:Tuesday, 7th Nov 2023
Source: financialservicesonline.com.au
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