Some ijara loans prerequisitesOctober 5, 2015 at 5:34 am
Ijara loans come with a few prerequisites just like the more traditional loans that westerners are used to. When you’re looking to get an ijara loan, you need to be aware there are some aspects you’ll need to have in order before you start the application process and these include:
- a good credit rating.
There’s really no point in even applying if you don’t have the ability to repay the ijara loans. Defaulting on one of these loans can set you up for years of economic difficulty and the inability to get credit. Having good numbers when it comes to a credit rating means that you’re walking into the lender’s office knowing that you have a good reputation for paying credit on time and using it wisely. However, even if you have bad credit, you can still apply for ijara loans . You need to start repairing your credit rating by paying your bills in time for several months.
- A good employment history. Once again you need to prove that you’re not going to present a risk and having a stable job is a great way to do just that.