New Delhi, Aug. 25 -- Making a career transition is becoming increasingly common in the country's dynamic job market, especially among young professionals seeking better pay packages and employment opportunities.

Still, a move to a new position has complex implications when seeking approval for credit lines such as new personal loans, credit cards, among other such opportunities. The complexities arise when a lending institution carefully scrutinises the employment continuity and job stability of an aspiring loan applicant.

Financial institutions weigh and cross-check several factors before permitting personal loan approval. Employment stability is one of the central factors in this regard. Recent job switches tend to slow down or compl...