New Delhi, April 21 -- Are you planning to apply for a personal loan? If yes, make sure that you take necessary steps which can maximise your chances for loan approval. These tips include maintaining a stable income, keeping your debt down, choosing the right lender and so on. Here, we share some key tips that can help you improve your chances of loan approval.

I.You need to check and improve your credit score: Banks usually use yourcredit score to assess your creditworthiness. Higher the score, greater the chances of loan approval.

Moreover, you can bargain for a lower interest rate if yourcredit score is high. In contrast, loan applicants with a poor score find it hard to get loan approval.

II.Maintain a stable income: Generally bank...