1. Credit Card & Loan Approval Chances
With a healthy credit score, the chances to obtain credit card and larger SME loan Malaysia would be higher. As financial institutions and banks are able to trust you as a borrower to repay your obligations.
2. Lower Interest Rate
Did you know that your credit score actually determines your interest rate? An healthy credit score would benefit you with a lower interest rate as banks would consider you as a good client.
3. Negotiation on Loan Terms
As stated from the previous point, banks and financial institutions would likely be more convinced with your healthy credit score as there’s a trust in your repayment history.
4. Higher Credit Limit
The higher credit limit means that the borrower is allowed to obtain higher working capital and funds from respective financial institutions.
5. Better Deals
With a healthy credit score, you are eligible for better loan packages. From lower interest rates to better rewards, you’ll definitely enjoy all the good benefits.
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Best SME loan Consultant & business loan consultant in Malaysia.
