How can I improve my chances of loan approval?
To increase your likelihood of loan approval:
- Maintain a good credit score by making timely payments.
- Reduce existing debt and manage credit responsibly.
- Save for a down payment or collateral, if required.
- Provide accurate and complete financial documentation.
- Shop around for lenders and loan options.
- Consider a co-signer if your credit is weak.
- Address any discrepancies or issues on your credit report.
- Demonstrate a stable income and employment history.
