Does Applying for Multiple Loans Impact Your Credit Score?

Applying for too many loans at once can leave a dent in your credit score. Hero FinCorp understands the importance of maintaining a good credit score for future financial opportunities. While multiple loan inquiries within a short period may only slightly impact your score initially, they can signal to lenders that you're a riskier borrower. The good news? The effects are often temporary. Your score will likely rebound as you demonstrate responsible repayment over time.