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.
Suggested Answers
Savings help a bit, but steady income and credit score matter much more.
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