There are
many passionate young individuals chasing their dreams to be successful entrepreneurs.
They are talented, skilled; they have the knowledge and have all qualities to
be successful entrepreneurs. However, many of them don’t have enough funds to
turn their dreams into realities. Thanks to the online lending market, many of
these passionate young individuals have started their own businesses. Still,
there are many of them unable to avail startup loans online in Nairobi.
Rejection
of loan application is not a nice experience. Many individuals start looking
for the 9 to 6 jobs after facing loan application rejection on several
occasions. Why is an online start loan application rejected? Some people have to
face rejection due to one or more of the following reasons:
Credit Score
Checking
credit score is an important criterion for online lending companies to decide
whether the loan should be approved or not. If the applicant has more credit
score then the loan application will be processed fast. The applicant will get
the fast loan and have to pay less interest rate. On the other, loans are
hardly approved when the credit score is not good. Even if the loan is
approved, the borrower has to pay more interest rate.
False Documentation
Loan
applications are rejected when the applicant submits fake documents. For
example, some applicants submit fake salary slips in order to pass the
eligibility criteria. If the bank finds any mismatch, it immediately stops
processing your loan application. Many times the information of the applicant
faking documents is shared among all banks and online lending companies. So,
the applicant becomes ineligible to apply for loans.
Capacity to Repay
Banks and
online lending companies are likely to reject the loan application if the
applicant has too many dues.
No Credit Cards or Loans
Having no
loans is a good thing for you. However, lenders need to have some data about
your repayment capacity. If you have no loan or credit card, you have no data.
Personal Profile
Online
lending companies and bank scrutinize your personal profile before processing
your loan application. They see income, housing stability, earlier financial
accounts and family status. Having good personal profile multiplies the chances
of getting fast startup loans online in
Nairobi.
It is not
difficult to get short-term startup loans online. However, you have to maintain
good credit score and personal profile. Submitting fake documents is not going
to help you.
A look at the start up finance options for businesses and why the choice of funder should only be made after a process of conscientious research. Additionally, a look at the five most common forms of business funding/finding capital for companies. loanforstartup.com
ReplyDeleteI am very grateful to Elegant loan firm for helping me get a $ 600,000 loan with the helping of loan officer Russ Harry, and I will always be grateful. My life has changed, my money has been paid, I now own a business that I used to support my family. I am grateful to you, Mr. Russ, and God bless you. You can contact them for your financial assistance by e-mail: Elegantloanfirm@hotmail.com for your financial assistance.
ReplyDeleteHello everyone, I'm Patricia Sherman in Oklahoma USA right now. I would like to share with you my experience of borrowing USD $185,000.00 to clear my bank draft and start a new business. It all started when I lost my house and I took my stuff because of the bank policy and I met some bills and some personal needs. So I became very desperate and started looking for funds in every way. Fortunately for me, a friend of mine, Linda told me about a credit company firm, I was intrigued by the fraud, but I was intrigued by my situation and had no choice but to get advice from my friend about this company. contacting them really doubted me because of my past experience with online lenders, did you know that little? '' Elegantloanfirm@hotmail.com This company has been very helpful to me and my colleague and today, thanks to this credit company, the proud owner of well-organized work and responsibilities, they smiled back at me. So if you really need to grow or start your own business, or if you really need to borrow money in any financial hardship, we recommend you find a financial development opportunity in your business today. {E-mail:} Elegantloanfirm@hotmail.com / whats-app number +393511617486.... online for credit not a victim of scam Thank you.
ReplyDeleteI have been unlucky in winning Lotteries over the years. One fateful day I was on the internet browsing and I saw series of good reviews on how Dr Benjamin helped a lot of people win by simply following his instruction so I contacted him via his website: ( Drbenjamintemple.com ) I told him exactly what I wanted, he assured me that he will make me win, I was so doubtful at first because I have tried all the method that I know but all to no avail. After the reading he told what I have to do to win, so I did all he instructed, the following day he gave me some numbers to play, to my biggest surprise I won $53 million, it was unbelievable but true. Dr Benjamin I owe you everything, thanks a million ways for making my dream come through. He's a good man and he can help you also, reach him today for help. His personal email drbenjaminlottospell711@gmail.com or call/whatsapp him +17066036031
ReplyDelete