Getting a loan is easier than ever, but that also means it’s easier to make mistakes that could cost you big. Here are five common loan mistakes and how Sunjosh Finserv ensures you avoid them.
- Not Checking Eligibility Before Applying
Multiple rejections lower your credit score. We pre-check your eligibility before submitting your application, ensuring higher approval chances.
- Ignoring the Total Cost of the Loan
People often focus only on interest rates, ignoring processing fees, insurance, or penalties. At Sunjosh Finserv, we present the full cost upfront-no hidden surprises.
- Choosing the Wrong Loan Type
A business owner opting for an unsecured loan when a secured loan could save interest is a costly oversight. We evaluate your profile and suggest the most cost-effective option.
- Overlooking Prepayment Terms
Some loans penalize early repayment. Our network lenders offer flexible prepayment so you can close your loan faster without extra cost.
- Borrowing More Than Needed
Over-borrowing increases your EMI burden. We help you borrow exactly what’s necessary based on your repayment capacity.
In Short:
A loan should work for you, not against you. At Sunjosh Finserv, our goal is simple-maximize benefits, minimize risks.