How Your Employer Plays a Role in Your Personal Loan Eligibility

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Your place of work can affect the interest rate and tenure of your personal loan.

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Personal loans are a sound option in case of financial emergencies. However, being unsecured loans, they pose a higher risk to the lender. What does this mean?

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Eligibility criteria 

The loan approval is dependent on your income, credit score, work experience, and even your current employer's profile! 

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This helps the borrowers understand your ability to repay the loan on time.

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Employees of a high-net-worth company enjoy benefits like greater job security, consistent pay, low payment defaults, and quick access to personal loans.

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With IDFC FIRST Bank, you can get urgent funds at competitive interest rates whether you are salaried self-employed, or a first-time borrower.

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Get instant Personal Loans to fund your every need!

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