π» 1. Loan and Credit Card Rejection Banks and NBFCs often reject applications with scores below 750, considering them risky borrowers.
πΈ 2. Higher Interest Rates Even if approved, you may be offered loans or credit cards at significantly higher interest rates, increasing your financial burden.
β³ 3.Longer Approval Time Lenders may take longer to process your application due to additional checks or documentation.
π 4.Lower Credit Limits A low score usually means a lower credit card limit or smaller loan amounts, restricting your financial flexibility.
A Short Story...
How a Loan Facility Helps You Get Something:
Short Story: “Minaβs Sewing Dream”
Mina was a talented tailor in a small village. People loved her designs, but she worked with an old sewing machine that often broke down. She dreamed of owning a small boutique and a new electric machine, but she didnβt have enough savingsΒ More…
βWe are not a bank or NBFC and we do **not charge any advance fees.β