Any loan application must meet the conditions set by the bank. One of them is having a job. Banks would only work with borrowers who can generate revenue because this shows they have the potential to pay back the loan. If you didn't demonstrate that you have a job or are making enough money during the loan application procedure, it would be an automatic denial.

Even if it can be demonstrated that you are employed, any changes to your income will have a significant impact on your loan application. Banks will demand you to give the information for additional evaluation even when your credit rating does not reflect your current level of income. A few Ringgit Malaysia less than what the bank requires might result in the rejection of your application.

our whole track record, including any late or outstanding transactions and whether you paid minimum or maximum payments, will be available to the bank. The remaining monthly balance is also shown. The banks will next evaluate your credit risk and determine if you are a reliable borrower.

Some of us might not have credit cards or other financial obligations because we are too anxious to spend. Even though this might be a good thing, it has no bearing on the loan application. This is so that the bank can't determine whether you're a good paymaster or not because it won't have enough information to do so.