How a pin code can nix your loan even if you have a great CIBIL score

If you live in a locality prone to defaults, your potential lender may not approve you loan despite the fact that you have a good financial record

Everyday, financial institutions such as banks and NBFCs carry out complex analyses to improve the underwriting process for a loan. However, they do not completely assume they will recover all the loans they have disbursed. They frequently upgrade the definitions and goals to increase the efficiency of loan process and apply innovative tools to increase productivity.

Underwriting includes the challenging task of finding a potential client and uses a process that involved assessing a customer looking for loan. It is used to determine the creditworthiness of a borrower and his ability to pay the loan amount.

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