Tag Archives: loan approval

Biz2Credit Small Business Lending Index™ Reveals Loan Approval Rates Continue to Rise in February

Get instant alerts when news breaks on your stocks. Claim your one week free trial for StreetInsider Premium here. NEW YORK, March 15, 2022 (GLOBE NEWSWIRE) — Small Business Loan Approval Percentages at big banks ($10+ in assets) went from 14.5% in January to 14.7% in January, and small banks‘ Approvals also increased, from 20.3% […]

Avoid These Mistakes on Your Business Loan Application and Increase Your Chances of Approval

Access to affordable capital is essential to running a small business. Still, the business loan application process can be daunting — and approval isn’t a sure thing, even if you have good credentials. According to the Federal Reserve’s 2021 Small Business Credit Survey, 12% of businesses that needed financing but chose not to apply did […]

3 business loan application mistakes and how to avoid them

AAccess to affordable capital is essential to running a small business. Still, the business loan application process can be daunting — and approval isn’t a sure thing, even if you have good credentials. According to the Federal Reserve’s 2021 Small Business Credit Survey, 12% of businesses that needed financing but chose not to apply did […]

Anchorage Home Buyer Loan Approval Rate of 94.2% Highest in the United States | Newsletter

Buying a home during the pandemic has been a story of bidding wars, housing shortages and rapidly rising house prices. Despite this, historically low interest rates have encouraged millions of buyers to take out loans for new homes. According to mortgage data at the loan level of the Home Mortgage Disclosure Act (HMDA)86.3% of 2020 […]

Cities with the highest loan approval rates

Photo credit: Freedomz / Shutterstock Buying a home during the pandemic has been a story of bidding wars, housing shortages and rapidly rising house prices. Despite this, historically low interest rates have encouraged millions of buyers to take out loans for new homes. According to mortgage data at the loan level of the Home Mortgage […]

Improve your personal loan application

Our goal is to give you the tools and confidence you need to improve your finances. Although we receive compensation from our partner lenders, who we will always identify, all opinions are our own. Credible Operations, Inc. NMLS # 1681276, is referred to herein as “Credible”. Whether you need money for home renovations, medical bills, […]

Small business loan approval rates continue to climb

Loan approval rates from all types of lenders continue to rise in very small increments, according to the Biz2Credit Small Business Lending Index released Feb. 8. The report includes loan approval rates through January 2022. While approval rates are increasing, they are increasing in the same slow growth pattern that has existed for over a […]

ClearScore Australia releases the confidence to understand your chances of loan approval

ClearScore Trust: Empowering consumers to make better lending decisions Key points: ClearScore is launching a new feature for its Australian users: ClearScore Trust. ClearScore Trust helps users understand their chances of approval on their loan applications. The feature is currently available for personal loans and will soon include car loans, followed later by credit cards. […]

Home loan demand rises to over $5 billion despite Covid-19

The Covid-19 pandemic may have caused an economic downturn in Cambodia, but in real terms mortgage applications are on the rise. According to an annual report by the National Bank of Cambodia, home purchase credit in the country grew by 37% in 2021, illustrating a sign of growing demand for home ownership among Cambodians. In […]

NMFB’s New NIB Loan Approval Available Today

Management of Nissal Microfinance Bank NMFB has released a new update on NIB interest free bank loans. According to NMFB, new loan approvals are on the way. New NMFB Loan NIB Approved Today Update: NIB NMFB loan approval will occur in the first week of February 2022, according to our trusted sources. We will update […]

A Guide to Conditional and Unconditional Home Loan Approval

Want to take a bite out of the real estate market? Before you get started, it’s important to maximize your financial situation and agree to increase your chances of getting approved for a home loan. You’ve put in the hard yards and saved enough for a security deposit, maintained a good credit rating, and signed […]

Why small business loan approval rates are climbing at a snail’s pace

Although the approval percentages of banks and non-bank lenders (institutional lenders, alternative lenders and others) have risen steadily over the past 12 months, the rebound in small business lending is far from robust. Bank vault. (Photo by Dick Whittington Studio/Corbis via Getty Images) Corbis via Getty Images According to the latest Biz2Credit Small Business Loan […]

Biz2Credit Small Business Lending Index ™ for December finds loan approval rates continue to rise, but at a slow pace

Approval percentages at large banks, small banks, institutional lenders, alternative lenders and credit unions are still about half of what they were in December 2019 NEW YORK, January 11, 2022 (GLOBE NEWSWIRE) – Small business loan approval percentages in big banks ($ 10 + in assets) fell from 14.2% in November to 14.3% in December, […]

SMBs Demand Faster Loan Approval: RazorpayX Study

SMBs Demand Faster Loan Approval: RazorpayX Study New Delhi, January 11 (KNN) According to a study by RazorpayX, one in two small businesses agree that limited resources and lack of knowledge are the two biggest challenges to their digital transformation aspirations. According to their findings, more than 50% of SMEs are asking for easier and […]

How To Get A Home Loan Approval In 2022

You’ve done the hard work of saving up for a deposit for a property, only to find the job isn’t done when it comes time to apply for a mortgage. And getting mortgage approval is only going to get more difficult in 2022. First, APRA has increased the “stress test” for home loan applicants to […]

Small business loan approval as a business loan applicant – NewsGram

By Aakshit Rajput Small businesses need financing to grow. And getting funds for your business can seem like a big challenge. Well that was the truth a few decades ago, but now small business loans are one of the simplest financial tools available to you. Through several government initiatives to stimulate local businesses and innovative […]

Small business loan approval rates continue to trend upward among all lenders

Small business loan approval rates at major banks continued their upward trend, from 14.1% in October to 14.2% in November. Biz2Credit Small Business Lending Index Report – November 2021 The data comes from the last Biz2Credit Small Business Loan Index. Increase in loans to small banks Besides the increase in small business loans from the […]

SBP streamlines loan approval process for MFB borrowers

KARACHI: The State Bank of Pakistan on Saturday released revised prudential regulations for microfinance banks (MFBs) to streamline the requirement to obtain a credit information report (CIR) and simplify the process of documentation for borrowers. The central bank, in a statement, earlier said that the Credit Bureaus Act (CBA) 2015 was enacted to provide a […]

Biz2Credit Small Business Lending Index ™ for November Finds Loan Approval Rates Continue to Rise at Banks and Non-Bank Lenders

The approval percentages of large banks, small banks, institutional lenders and alternative lenders are increasing; Credit unions stagnate in November NEW YORK, December 8, 2021 (GLOBE NEWSWIRE) – Small businesses loan approval percentages To big banks (assets over $ 10 billion) fell from 14.1% in October to 14.2% in November. During this time, small banks” […]

Tips to reduce the risk of your loan application being rejected

Lenders take a variety of factors into account when assessing loan applications. Some of these major factors include credit score, monthly income, job profile, employer profile, etc. loan seekers. Those who do not meet the thresholds set by lenders may have their loan application rejected. Here are some of the ways to minimize the risk […]

Advantages and disadvantages to know before submitting a joint mortgage application to ICICI Bank

Key parameters taken into account when evaluating your Real estate loan ICICI Application includes applicant’s credit score, income, employment profile and stability, age and existing monthly obligations. The level of importance of these factors tends to vary from lender to lender and on a case-by-case basis, depending primarily on the credit risk matrix chosen by […]

Biz2Credit Small Business Lending Index ™ for October Finds Loan Approval Rates Rise at Banks and Non-Bank Lenders for Sixth Month in a Row

Enter Wall Street with StreetInsider Premium. Claim your 1-week free trial here. NEW YORK, November 09, 2021 (GLOBE NEWSWIRE) – Small businesses loan approval percentages To big banks (assets over $ 10 billion) fell from 14% in September 2021 to 14.1% in October. During this time, small banks” approvals also fell from 19.5% in September […]

Canceling a Loan Application: What to Expect

What to do if you cancel your loan application Loans are great helpers when it comes to quick access to money, easy and paperless application and reliable online lenders. The online application is what grabs the attention of potential borrowers. Who needs conventional banks with their queues and high fees when you can fill out […]

How to recover from a rejected loan application?

Everyone should have proper financial planning that allows them to meet expenses and grow savings. Such a type of financial planning also allows people to invest in the right area and make maximum profit. But since life is full of unforeseen events, you may have to deal with unforeseen expenses at some point in your […]

Auto Expert Houston Launches New Used Car Loan Approval Program Despite Bad Credit

Auto finance credit approved quickly and easily for customers with credit history issues HOUSTON, UNITED STATES, October 24, 2021 /EINPresswire.com/ – Auto Expo Houston today announced the launch of its new “Bad Credit Auto Finance Program” for customers who need a car but are reluctant to buy one based on their credit history. Since the […]

Potential Reasons Your Debt Consolidation Loan Application Was Rejected

Getting out of debt is a long and complex process. Before you consider applying for a consolidation loan, start with a debt repayment strategy. There are many popular ways to pay off debt, but we recommend that you compare the snowball against avalanche strategies because they are designed to use your natural motivations to stop […]

Rising small business loan approval rates at all financial institutions

Small business loan approval rates at large banks fell from 13.9% in August 2021 to 14% in September. Small bank approvals also fell from 19.3% in August to 19.5% in September. The data comes from the latest Biz2Credit Small Business Lending Index. Biz2Credit Small Business Loan Index – September 2021 The raise of loan approval […]

Small business loan approval rates rise among bank and non-bank lenders in September

Small business loan approval percentages at large banks (or those with $ 10 billion or more in assets) fell from 13.9% in August to 14% in September. At the same time, approval rates for small banks rose to 19.5% in September, from 19.3% the month before, according to the latest Biz2Credit Small Business Loan Index. […]

Biz2Credit Small Business Lending Index ™ for September sees loan approval rates increase at banks and non-bank lenders for fifth consecutive month

News and research before you hear about it on CNBC et al. Claim your 1-week free trial for StreetInsider Premium here. NEW YORK, October 12, 2021 (GLOBE NEWSWIRE) – Small businesses loan approval percentages To big banks (assets over $ 10 billion) fell from 13.9% in August 2021 to 14% in September. During this time, […]

Auto Expo Houston Launches Used Car Loan Approval Program For Bad Credit

Auto finance credit approved quickly and easily for customers with credit history issues HOUSTON, UNITED STATES, October 8, 2021 /EINPresswire.com/ – Auto Expo Houston, a used car dealership dedicated to providing the ultimate used car shopping experience, today announced the launch of its new bad credit auto finance program for customers who need a car […]

15 U.S. Cities With The Highest Loan Approval Rates

sirtravelalot / Shutterstock.com Editor’s Note: This story originally appeared on Smartest dollar. Pent-up demand due to the coronavirus pandemic, low interest rates and shortage of properties have created a booming housing market with levels of refinancing activity. While the values ​​of typical houses have increase By 15% from a year ago, the housing market is […]

The relationship between your salary and the approval of your personal loan

A personal loan can be used for travel abroad, study, marriage, or any other reason when you need a large amount of financial assistance. Interesting data from RBI indicates that the amount of money individuals borrow in the form of personal loans has increased dramatically over the past two years. The reason is that they […]

UNRA urges MPs to speed up loan approval for Hoima oil road

Members of Parliament at the Infrastructure Committee during a field visit to critical oil routes being upgraded. Kampala, Uganda | IAN KATUSIIME | The Uganda National Roads Authority (UNRA) urged Members of Parliament to speed up approval of a new loan to complete the Hohwa-Nyairongo-Kyarushesha road and its other sections which total 93 km in […]

Uganda: Unra urges MPs to speed up loan approval for Hoima oil road

Kampala, Uganda – Members of Parliament have been urged by the Uganda National Roads Authority (UNRA) to expedite approval of a new loan to complete the Hohwa-Nyairongo-Kyarushesha road and its other sections which total 93 km in the oil region. UNRA Executive Director Allen Kagina urged MPs from the Parliamentary Infrastructure Committee who, along with […]

Nowofloan transforms lending business with loan approval

Surah (Gujarat) [India], September 16 (ANI / PNN): Nowofloan.com, the Surat-based digital lending platform, is revolutionizing the lending industry. The startup has partnered with several banks and non-bank financial corporations (NBFCs) to launch a membership card that can allow members to get digital loan approval in just 30 minutes. Since its launch on July 24, […]

Biz2Credit: Loan Approval Rates Rise at Banks and Non-Bank Lenders in August

Small business loan approval percentages in large banks (over $ 10 billion in assets) fell from 13.8% in July 2021 to 13.9% in August, up three tenths of a percentage from a year ago. Meanwhile, approvals of small banks also fell from 19.1% in July to 19.3% in August, according to the latest Biz2Credit Index […]

Biz2Credit Small Business Lending Index ™ for August Finds Loan Approval Rates Rising at Banks and Non-Bank Lenders

NEW YORK, September 14, 2021 (GLOBE NEWSWIRE) – Small businesses loan approval percentages To big banks (over $ 10 billion in assets) fell from 13.8% in July 2021 to 13.9% in August, up three tenths of a percentage from a year ago. During this time, small banks” approvals also fell from 19.1% in July to […]

Report: Tennessee has 20th lowest mortgage approval rate in the US

The pent-up demand due to the pandemic, low interest rates and a shortage of properties have created a booming housing market with near-record levels of refinancing activity. While typical home values ​​are up 15% from a year ago, the housing market is expected to remain warm in many cities through the end of the year […]

Massachusetts has 14th highest mortgage approval rate in the United States – Framingham SOURCE

In all transparency, here is a press release *** BOSTON – pent-up demand due to the pandemic, low interest rates and a shortage of properties have created a booming housing market with near-record levels of refinancing activity. While typical home values ​​are up 15% from a year ago, the housing market is expected to remain […]

Loan application rejected? Follow these five tips to be a smart borrower

The outbreak of the coronavirus pandemic has proven that it is necessary to prepare funds for future needs and emergencies in advance. Whether it’s reviving your business or planning for your child’s education, a loan is a big help in facing eventualities. Banks and financial institutions reject our loan applications citing reasons such as poor […]

Small Business Loan Approval Rates Rise at Big Banks

From June to July 2021, small business loan approvals at large banks fell from 13.6% to 13.8%. The data comes from the latest Biz2Credit Small Business Lending Index. The index also signals an increase in loan approvals from institutional and alternative lenders in July. Biz2Credit Index of Small Business Loans – July 2021 The increase […]

Why the Fixed Bond to Income Ratio (FOIR) May Affect Your Loan Application

However, if you don’t have an adequate emergency fund, your first priority would be to keep that surplus aside. Any higher amount should be used to reduce your liability. Banks or NBFCs usually focus on various aspects before approving a loan to a borrower. Rohit Garg, Co-Founder and CEO of Smartcoin, says, “There are three […]

Biz2Credit: Small Business Loan Approval Rates Rise at Banks in July

According to Biz2CreditAccording to the latest Small Business Lending Index, small business loan approval percentages at large banks (over $ 10 billion in assets) fell from 13.6% in June to 13.8% in July, reaching the same percentage as last July. At the same time, approval rates for small banks also increased, from 18.9% in June […]

How to increase your chances of getting a home loan

If you are considering buying a home, you are probably wondering how to increase your chances of getting approved for your home loan. Each lender usually has their own loan and approval process. For first-time buyers, it can be a little confusing not knowing if you will actually be successful. But fear not, there are […]

Biz2Credit Small Business Lending Index ™ Finds Loan Approval Rates Rise at Banks, Institutional and Alternative Lenders in July 2021

Receive instant alerts for news on your actions. Claim your 1-week free trial for StreetInsider Premium here. NEW YORK, August 10, 2021 (GLOBE NEWSWIRE) – Small businesses loan approval percentages To big banks (over $ 10 billion in assets) fell from 13.6% in June 2021 to 13.8% in July, the same percentage as a year […]

Auto loan approval ratings hit highest since 2015

Getting a car loan has not been so easy in years. Why is this important: It comes amid a demand windfall that began at the start of the pandemic – when traveling by car became the most attractive mode of transportation. Auto loan approval ratings are at their highest since 2015, according to Cox Automotive. […]

Get Home Loan Approved Faster With These 6 Simple Tips

For the most part, buying a property is a dream come true and one of the most important stages in life. And given the prices of real estate in India, taking out a home loan is often the most convenient and affordable way to make this dream come true. Most mortgage lenders list strict eligibility […]

Home loan approval rate on the rise

CLICK TO ENLARGE PETALING JAYA: Home loan approval rates are expected to start picking up from the third quarter of this year, as foreclosure restrictions begin to ease as the economy gradually opens up. UOB Kay Hian, in a report, noted that the mortgage approval rate saw a monthly increase of four percentage points in […]

A quick guide to the loan approval process

Do you want to drive a car? Own a house? Go to the University? Consolidate your debt? Finance your wedding? If you answered “yes” to any of these questions, chances are you will need to apply for a loan at some point. If you do, don’t feel bad; more than half of americans say they […]

MX speeds up loan approval process for FormFree and closes over 1 million loans

MX speeds up loan approval process for FormFree and closes over 1 million loans By Pavithra R MX, a leader in open finance and creator of the Money Experience category, announced that it has implemented API and token-based connections with FormFree, a leader in digital asset verification. Founded by former Wall Street executive Brent Chandler […]

PPP Closures and Rising Approval Rates for Small Business Loans

The Paycheck Protection Program (PPP) provided many small businesses with much-needed funds during the pandemic, but the program has now ended. And it’s going to force business owners to go back to the funding sources they used before PPP. In this week’s roundup, the Biz2Credit Small Business Lending Index for May found that approval rates […]

Small Business Loan Approval Rates Rise As P3 Ends

The end of the Paycheck Protection Program (PPP) has arrived, and that means companies will seek funding from traditional sources. According to Biz2Credit Index of Small Business Loans for the month of May, loan approval rates increased for banks and non-bank lenders. Small Business Loan Index – May 2021 While the higher approval rates aren’t […]

Biz2Credit: Small Business Loan Approval Rates May Increase When PPP Ends

Small business loan approval percentages at large banks (or those with more than $ 10 billion in assets) edged up from 13.4% in April to 13.5% in May, according to the latest Biz2Credit Index of Small Business Loans. In addition, approvals at smaller banks jumped from 18.2% in April to 18.7% in May. “Loan approvals […]

DU launches a call for student loan applications for smartphones

University to provide students with up to Tk 8,000 in the form of a low rate loan Authorities at Dhaka University (DU) have asked university students to submit loan applications to purchase smartphones for the purpose of participating in online classes and exams. The university will provide up to Tk 8,000 in the form of […]

DU calls for student loan application for smartphone

University to provide students with up to Tk 8,000 in the form of a low rate loan Authorities at Dhaka University (DU) have asked university students to submit loan applications to purchase smartphones for the purpose of participating in online classes and exams. The university will provide up to Tk 8,000 in the form of […]

PM Modi 59-minute MSME loan approval: banks disburse 2.15 lakh requests; the amount exceeds Rs 60k crore

Former MSME Minister Nitin Gadkari informed Parliament in March this year that only 343 guarantees amounting to Rs 40.56 crore had been issued as of March 10, 2021, since the launch of the program. (Image: PTI) Credit and financing for MSMEs: The number of loans sanctioned by public and private sector banks and non-bank financial […]

Make your personal loan approval easier with the Fullerton app

Due to the unprecedented COVID-19, global economies have been disrupted and families have been financially shattered. In these times, there is no better way to manage your finances than to resort to personal loans. Whatever your need, you can take out a personal loan and take care of your worries. Getting a personal loan has […]

President Buhari calls for approval of $ 2.18 billion loan from Senate – Nairametrics

President Muhammadu Buhari sent a letter to the Nigerian Senate requesting the sum of $ 2.18 billion in external loan for approval to fund the 2021 Appropriations Act. It was disclosed Tuesday, as Senate Speaker Ahmed Lawan read the presidency’s letter asking for approval. READ: MDAs failed to hand 3 trillion naira to treasury in […]

United Arab Emirates: Is Your Loan Application Still Rejected Despite Good Credit? here’s why

Credit history plays an important role in a bank’s decision to get a loan Image Credit: Shutterstock Dubai: If your loan applications continue to be rejected despite a good credit history, there may be some common reasoning as to why. Your debt ratio, or simply debt ratio, is detrimental to lenders who decide whether or […]

Biz2Credit: Approval Rates for Non-PPP Loans Remain Relatively Unchanged in April

Small business loan approval percentages at large banks (or those with more than $ 10 billion in assets) edged down to 13.4% in April from 13.5% in March 2021, according to the latest. Biz2Credit Index of Small Business Loans. Likewise, approvals at smaller banks fell to 18.2% in April, from 18.3% in March. “Traditional small […]

Instant Home Loan Approval – Are You Eligible?

While other lenders grapple with long lead times and awkward approval processes, fintech Nano has launched a new home loan where loan approval is granted on the spot. What’s the catch? The new home loan is offered by Nano, which is “not a traditional lender,” co-founder Andrew Walker told Finder. “It’s a financial technology company […]

4 eligibility criteria to boost your chances of obtaining a personal loan

Make sure you build and maintain a strong credit score to increase personal loan eligibility. Personal loan is one of the most preferred loan options for those in need of quick funds. However, its unsecured nature leads lenders to take a cautious approach when evaluating loan applications. This can result in rejection of personal loan […]

The government is looking for time to meet the conditions of the WB loan

ISLAMABAD: The government on Tuesday asked the World Bank for more time to implement its $ 1.5 billion loan eligibility conditions to meet growing external financing needs, sources told the Express Tribune. Pakistan seeks three budget support loans, totaling $ 1.5 billion, from the World Bank before the end of June, they said, adding that […]

Big four banks tighten mortgage approval times

National Australia Bank CEO Ross McEwan told the home economics committee on Friday that the NAB could green light a ‘vanilla’ home loan in less than 24 hours. “For a simple mortgage, in one of our agencies, 50% are [approved in] less than a day and the remaining 50% less than five days, ”said McEwan. […]

Five key financial measures for approving agricultural loans | The latest in agribusiness

As a young farmer or beginning farmer, you will find that there are many ways to prepare for the financial aspects of owning a farm. Working with a farm lender like Farm Credit early on is my first recommendation to make sure your business is understood and the cyclical nature of the industry is taken […]

Biz2Credit: March Non-PPP Loan Approval Rate Trending Upward

Small business loan approval percentages at large banks (over $ 10 billion in assets) edged up to 13.5% in March from 13.3% in February 2021, according to the index. Biz2Credit small business loan. By comparison, in March 2020, the big banks approved 15.4% of the funding requests they received. “Traditional loans from big banks increased […]

Loan application rejected? Here’s how you can still get a loan

Loan application rejected? Here’s How You Can Still Get A Loan Photo credit: PTI New Delhi: Credit score is one of the key parameters that is carefully used by all commercial banks, microfinance institutions, non-bank financial corporations and other cooperative lenders in deciding an individual’s eligibility for a loan. A credit score is a conclusive […]

5 things to follow to prevent your loan application from being rejected

NEW DELHI: Applying for a personal loan is easy these days. You just need to fill in the basic information online and with a few clicks, your loan is approved. However, on the other hand, the unsecured nature of the loan prompts lenders to take a cautious approach when approving personal loan applications. Here are […]

Compare the applicable interest rate against the advertised interest rate and other loan conditions with MyLoanCare

ANI | Update: March 25, 2021 10:51 AM STI Gurgaon (Haryana) [India], March 25 (ANI / BusinessWire India): Everyone has seen the end-of-season “Up to 50% off” banners displayed outside malls. When a person walks in, they realize that most of the items are discounted, but not as high as the one shown. Invariably, the […]

How Your Credit Score Affects Personal Loan Approval

Before resorting to personal finance, the most important factor that you need to consider is your creditworthiness. Does the term mean anything to you? Creditworthiness is determined by your credit score which is a critical factor in your Personal loan application process. You wonder how? Keep reading to find out. What is a credit score? […]

PM Modi 59-minute MSME loan approval: requests for 2.23 lakh sanctioned by PSBs; 93% disbursed to date

Gross bank credit deployed to MSEs in December 2020 had increased 6.6% to Rs 11.31 lakh crore, compared to Rs 10.61 lakh crore during the period last year. Credit and financing for MSMEs: Public Sector Banks (PSBs) authorized 2,233,501 loans, under the 59-minute loan approval program launched by Prime Minister Narendra Modi in November 2018, […]

Paytm Introduces Instant Loan Approval Service: Here’s How To Apply

Image Source: PHOTO FILE Paytm introduces the instant loan approval service. Paytm introduced instant personal loans on its platform to facilitate access to credit services to the masses. The service is available 24/7, all year round even on holidays and weekends. Loans would be processed and disbursed by NBFCs and banks. This initiative will bring […]

What is a conditional loan approval?

Pre-approval vs. conditional approval: what’s the difference? With conditional loan approval, an insurer reviews your financial documentation. This is not the case with prior approval. An underwriter is the one who grants or denies your loan, so an underwriter’s conditional loan approval carries more weight than a pre-approval letter. Pre-approval and conditional approval are similar […]

Small business loan approval rates at banks fell again in

NEW YORK, October 06, 2020 (GLOBE NEWSWIRE) – Small business loan approval percentages at big banks ($ 10 billion and more in assets) fell slightly from 13.6% in August to 13.5% in September, indicative of the difficulties facing small businesses, according to the latest Biz2Credit Index of Small Business Loansâ„¢ released today. the Biz2Credit Index […]

NAPIC: 1H2020 residential loan approval rate stands at 34.1%, lowest in 10 years

PETALING JAYA (September 22): The loan approval rate for residential properties in the first half of 2020 (1H2020) was 34.1%, which is the lowest in 10 years, according to the market report real estate 1H2020 published by the National Property Information Center (NAPIC). To help boost the weak market battered by Covid-19 and the Movement […]

Do you have a high credit score? Your chances of loan approval may still run into a hurdle

While a higher credit score can improve your chances of getting a loan, there are other crucial parameters that lenders take into account when assessing your application. Credit score is a critical factor lenders take into consideration when assessing your creditworthiness. Lenders also offer different interest rates and loan terms depending on your credit score. […]

Small business loan approval rates at banks fell in August

Slight declines in approval percentages at alternative lenders and credit unions NEW YORK, Sept. 08, 2020 (GLOBE NEWSWIRE) — Small business loan approval percentages at large banks (over $10 billion in assets) and small banks fell slightly in August 2020, this which indicates that the upward trend that began in May has stabilized, according to […]

How to Increase Your Chances of Getting Personal Loan Approval

Do these five things before you apply. (iStock) The total number of personal loans borrowed by Americans peaked at $ 162 billion in the first quarter of 2020, according to TransUnion. However, the growth rate towards the end of the quarter was also the slowest in more than two years, the credit reporting agency said. […]

Is Instant Auto Loan Approval Possible With Bad Credit?

Instant auto loan approval is not impossible to obtain as a borrower with bad credit, but it is usually easier to obtain when you are in a good credit position. If you’re struggling with credit and wondering how to get instant approval, also known as pre-approval, you need to know where to start your journey […]

Small Business Bank Loan Approval Rates Improve, New Data From Biz2Credit

There was an encouraging rebound in small business loan approval rates for banks and non-bank lenders in July. This is according to the recently released Biz2Credit Small Business Lending Index. Approval rates show a 0.3% increase in approval percentage for small business loan applications at large banks. This increase in the approval rate does not […]

(Finals?) PPP loan approval statistics until 8/8/2020 | Bryan Cave Leighton Paisner

Barring further legislative action, the paycheck protection program new loan approval window ended on August 8, 2020. Since the initial launch on April 3 following the CARES Act, 5,212,128 small businesses have borrowed $ 525 billion. dollars under the Paycheck Protection Program. On August 11, the SBA released a Paycheque Protection Program Report with additional […]

Small business loan approval rate continues to rebound

the Biz2 Credit The Small Business Loans Index for June 2020 shows that small business loan approval rates continue to rebound. Biz2Credit Index of Small Business Loans June 2020 Small business loan applications rebounded from 11.5% in May to 13.5% in June, according to the index. The figures for June are significantly lower than those […]

Small business loan approval rates rebounded in June 2020:

NEW YORK, July 14, 2020 (GLOBE NEWSWIRE) – The percentage of approval for small business loan applications in big banks (over $ 10 billion in assets) rebounded just 11.5% in May to 13.5% in June, according to the Biz2Credit â„¢ Small Business Loan Index released today. June’s figure is still well below the record rate […]

Loan Application Rejected Despite High Credit Score? These may be the reasons

Credit rating is a primary indicator of credit worthiness. A good credit rating is considered important in obtaining loan approval from any bank or other financial institution. But sometimes, despite having a good credit rating, the loan application can be rejected. This is because lenders may also consider other factors in lending money. “Lenders work […]

These “MUDRA Loan Approval Letters” Asking Borrowers to Pay Processing Fees/Legal Fees for Loan Disbursement Are Fake

We received a document (purported “MUDRA Loan Approval Letter”) on FACTLY WhatsApp Helpline to verify its authenticity. When we looked on the internet, we found that a Facebook page with the name “Pradhanmantri Mudra Yojna” had also posted a similar letter with the description: “Government Approval Letter”. In the letters, it is mentioned that a […]

Loan application rejected, but you may still have to pay a processing fee. Know why

After the covid-19 crisis, many lenders tightened their lending standards to avoid defaults, which can occur when people’s budgets are stretched due to job losses and pay cuts. Many people who applied for loans during this period and were rejected are complaining on social media that lenders charge them processing fees despite their application being […]

5 Smart Ways to Increase Your Chances of Loan Approval During Covid-19

While the ongoing lockdown is likely to impact your loan processing and disbursement due to limited staff and working hours, keeping these five tips in mind will definitely increase your chances of loan approval . Loans act as an invaluable bridge to bring us closer to achieving our financial goals, such as owning a house, […]

Small business loan approval rates have fallen to record lows

NEW YORK, May 12, 2020 (GLOBE NEWSWIRE) — The approval percentage for small business loan applications to big banks (over $10 billion in assets) fell below double digits to just 8.9%down from 15.4% in March and an all-time high of 28.3% in February 2020, according to the Biz2Credit™ Small Business Loan Index published today. The […]

Eurozone banks to ease business loan terms amid pandemic (ECB)

FILE PHOTO: The European Central Bank (ECB) headquarters building is seen in Frankfurt, Germany July 20, 2017. REUTERS/Ralph Orlowski FRANKFURT (Reuters) – Eurozone banks expect demand for emergency credit to rise again in the second quarter and are expected to respond with looser credit standards as government guarantees and Liquidity measures will come into effect, […]

What are your chances of personal loan approval?

Thinking of applying for a personal loan? Here are the odds of you being approved. Personal loans can be a cost-effective way to borrow. The interest rate on personal loans is often lower than the rate you would pay on other types of debt, such as credit card debt. And you can use the personal […]

Small business loan approval rates vary widely by industry

In a review of 30,000 small business loan applications sorted by industry over the past year, Biz2Credit surprisingly found that food service and accommodation businesses had the highest loan approval rates highest (51%) in 2018 compared to retail, healthcare, and professional and personal services. According to the study, food and lodging businesses, including hotels, caterers […]

Five Factors That Affect Your Personal Loan Approval

Applying for a personal loan is generally quick and easy, as it is an unsecured financing solution. You can apply online in minutes. However, lenders grant the loan based on certain criteria to ensure that you do not miss repayment. Generally, a good rule to follow is to meet the lender’s eligibility criteria. While this […]

How HDFC is redesigning systems to offer loan approval, disbursement in 10 seconds

In the initial phase of the digital journey, the target was the urban market, but later HDFC Bank decided to also tackle the semi-urban and rural pockets. Behind all this, the objective was to expand the business and break the myth of the so-called base effect, which slows down the growth rate of […]

5 Factors Besides Your Credit That Affect Personal Loan Approval

Your credit score isn’t the only factor that lenders consider when deciding whether to approve you for a personal loan. Image source: Getty Images. Your credit score isn’t the only factor lenders consider when deciding whether or not to approve you for a personal loan. When applying for a personal loan, you want to maximize […]

Personal loan: approval in just 3 seconds? What Borrowers Need to Know

Several people opt for personal loans for various aspects in which one has to meet a variety of financial requirements. The reasons can vary between vacation expenses, payments for higher education, medical bills or any other unforeseen expense that may weigh on the pockets of the individual. Since all other people live hectic lives, it […]