• 1. Character
• 2. Condition
• 3. Collateral
• 4. Capability
• 5. Money

These five Cs will give you a rough concept about your present standing that is financial. Moreover, to eradicate any confusion, every time a loan provider is asking regarding your credit rating these are typically inquiring regarding the credit that is personal rating. Having a beneficial credit that is personal nudges your application for the loan in direction of approval. Continue reading To produce facts more understandable, let’s say that credit rating will depend on 5 C’s: →