Does bank balance matter for Personal Loan?

Accepted Answer ✓ Accepted

Bank balance alone does not determine Personal Loan approval, but it supports overall financial assessment. Lenders mainly focus on income stability, credit score, and EMI affordability. In India, a healthy bank balance can signal financial discipline, but irregular income or poor credit can still lead to rejection. Savings help, but they cannot replace regular income proof.
1 upvotes

Suggested Answers

Savings help a bit, but steady income and credit score matter much more.
0 upvotes by Amit Patel

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