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Usually, when you apply for a loan, the lender looks at various details to check if you have the capability to repay. Banks will also try to analyse the percentage of risk involved in giving you a loan. The factors considered to assess repayment capability include salary, age and credit history.
When it comes to credit history, your credit card plays a huge role. If your credit history is good, you will be considered a ‘good risk’ and will be granted a loan. If your credit history is bad i.e utilizing a high amount or maximum credit limit can have serious consequences. It is wise to use only up-to 30% of the sanction limits and pay within the credit cycle. Under no circumstances should you max out your credit limits.