Debt to Income Ratio for people 2020

Importance of DTI: Debt to income ratio is an important factor for banks and other lending agencies to decide the credit limit, which they can extend safely to any person. This parameter varies for different agencies as per their lending policy, but most commonly it is 36 percent for various banks and lending agencies. You should be well aware of your debt to income ratio to be confident, whenever you are applying for new loans or advances with some bank or other lending agency.

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