What will the loan providers check to approve my loan application?

The biggest thing that your loan provider will check is your banking and credit history. They’ll also look at your income and expenses to see how much you can afford. The loan provider will also evaluate how stable your source of income is so that they can make you the best possible offer.

Once that’s done, you’ll get a few loan offers and you’ll be able to choose which amount you want. This will give you the freedom to choose the monthly installment that best suits your budget or the option that gives you the best interest rate.