If you are facing your unemployment period, you will definitely find it difficult to get a loan approval. Most of the traditional banks and societies will decline the loan request that does not have regular employment.
Traditional loans are only welcome those people who can show that they have the potential to repay the debts on time. If you are financially stable and your credit score is perfect, the chances of your loan application approval are 100% at the lowest interest rate. It is bitter but true!
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