Humans are never satisfied with what they get because their lives, especially in this modern era, call them for struggle on so many fronts. There is a recurring need for money for countless purposes from buying a car to going on annual luxury holidays.

Not to mention, the emergency needs add bigger challenges to the situations. In such conditions, taking a loan becomes easy, but the condition is that we want a larger amount because our needs are limitless. The question is how to get an amount that you need because finance companies are rational and never cross the lending rules line.

Some suggestions can help plan better before taking a loan and obtaining approval for the desired loan amount. Have a look –

Thoroughly follow self-discipline in financial behaviour

Every single action in your personal finances can affect your chance of getting a loan amount that you actually want. Things depend on the affordability factor and to prove you are creditworthy, the personal finances should be stable, and there are some ways for that.

• Do not forget the online money lenders in Ireland are always keen to see your financial behaviour in the past 6 to 9 months. You need to ensure that there is no issue in the recent past. It is about paying the bills and other debts (if any) on time.                                   
• Do not make multiple applications too many lenders at the same time because a borrower should never sound hungry for money. Sending applications too many loan companies give the same feel. It tells that the borrower is perhaps going through a money crisis, which is why he may not repay on time. Oops!
• Improve spending behaviour and do not spend on things in a recurring manner that is the basic needs. When the lenders look at your bank statement, they notice how you spend money. For example – spending money extravagantly on online pizza order or expensive clothes, cause a great problem. Lenders do not like careless borrowers.

Bring an additional income in the picture (special suggestion after pandemic)

Yes, you know how things are turning upside down nowadays. The whole economy is going through a difficult time, and thanks to the third wave, that situation has become severe again. People are unemployed, and those on work from home may not look very promising to the lenders on the financial part.

• Repaying capacity is the biggest concern for the loan companies, and It is better to strengthen the repaying capacity as much as possible. The factor of additional income always helps establish the fact that you can repay a bigger loan amount.
• Online lenders can easily verify your income sources online, and they like to see people earning extra with their primary income. It gives them the confidence to consider your application for a larger amount.
• Additional income can be anything from money through freelance work to the rental income. Normally the earning that is also passive is considered more authentic.

Apply to a lender that offers customised deals

Customisation always helps find mutual grounds for the lender and the borrower and get the best deal. It is essential to find and shortlist the loan companies that are ready to customise every loan deal.

• Most of the lenders say that they offer personalised pricing, but they act stringent and intimidate the borrowers on interest rates in reality. Higher rates make you borrow less because it is challenging to prove creditworthiness for a larger amount due to expensive deals.
• You need to dig deep into the internet options and check if your favourite lender actually offers customisation or not. Do you know what can be the best way of doing it? Check the lender reviews, and you will really be able to see the other side of the coin.
• Go online, shop around, compare between the finance companies, shortlist and finalise. You should know that the loan lenders that take no upfront fee are generally in favour of customisation.

With the above tips, you can easily get the desired amount on your loan application. You know what, the actual need is to make the lender realise your worth as a promising borrower. This is because lending companies never miss their chance of financially stable people and keep chasing them with good deals. Besides, for people with a strong repaying capacity, loan companies are always ready to act flexibly. Now, you know the secret, next time while applying for the loan, make sure, you sound safe to the lender.