New Delhi, Sept. 24 -- Personal loans are a widely used financial tool for borrowers to manage unplanned expenses or fund essential personal projects. Still, obtaining approval for any particular personal loan product depends on several key factors that lenders evaluate.

These factors include past repayment history, credit scores, employment history, missed payments, and a host of others. Understanding such important aspects can boost your chances of securing a loan on favourable terms.

Currently, the applicable personal loan interest rates vary across different lending institutions. They on a fundamental basis depends on factors such as loan amounts, lender type, loan type, repayment duration along with other similar components.

Note:...