New Delhi, April 28 -- In India's ever-evolving credit distribution landscape, personal loans have emerged as a strategic tool not just for meeting financial needs and aspirations such as health, education, medical expenses, home renovation, etc, but also for boosting and enhancing the creditworthiness of borrowers.

When managed sensibly, personal loans can positively influence your credit score and your overall credit profile. Hence, if you want to secure a favourable loan with fair terms, conditions, and interest rates, lenders carefully consider these factors.

The sole objective of the lender is to ensure that the borrower is capable of repaying the loan with negligible chances of defaulting.

Punctual and consistent repayment of per...